www.bbcnoun.com.ng BUS427 10.00/10.00 Question 1 The most acclaimed source of policies is the one from _______ management which originates for the express purpose of guiding the company\'s operations. top Question 2 The concept of strategy is central to understanding the process of ___________ management. strategic Question 3 The application of the concept of ________ to real-life situations may tend to oversimplify things. strategy Question 4 Some policies focus on materials or stock and others on ___________ and equipments. capital Question 5 Most organisations produce statements and explanations on what they are trying to achieve in ____________ areas. particular Question 6 The application of the concept of ________ commits an organisation to a predetermined course of action. strategy Question 7 ____ belong to the group of professors at Harvard Business School who were responsible for developing the subject of business policy and its dissemination through the case study method. andrews Question 8 Policy requires a high level of _________ and intelligent inputs because policies are concerned about the future activities deemed to be just and right for the organisation. intellectual Question 9 Setting up and engaging the correct people to devise (and oversee) the policy is essential to the success of the planning and ___________. implementation Question 10 The World Oil _____ during the 70\'s has forced many manufacturers all over the globe tom reverse the existing practices and pursue a policy of manufacturing fuel efficient cars. crisis