Business Management MCQ Questions and Solutions with Explanations | Management

Answer: Option A

Planning lays down the overall objective, strategies and polices for the total enterprise is corporate planning. Corporate planning is the act of creating a long-term plan to improve your business. A corporate plan examines a business's internal capabilities and lays out strategies for how to use those capabilities to improve the company and meet goals.

Answer: Option B

The decision which has long term impact on business is non-programmed decision. The Non-programmed decisions in management are concerned with unique or unusual problems. They are encountered in a very non-frequent manner. These decisions are unstructured, non-recurring and ill-defined in nature.

Answer: Option B

The planning focus specific functional areas of business is divisions planning. Managers plan by setting long-term goals for the business, as well short-term strategies needed to execute against those goals.