ECON-GB 2148
Public Policy & Business Strategy
Midterms (Qns & Ans)
2025
General Instructions
1. Read All Questions Carefully: Make sure you understand each question.
2. Time Management: You have a specific amount of time to complete the exam.
Keep an eye on the clock and pace yourself.
3. Allowed Materials: Only use materials that are explicitly allowed. Unauthorized
materials can lead to disqualification.
4. ANS Format: Follow the required format for your ANS. For example, multiple-
choice questions might need you to select the best ANS, while essay questions
require detailed responses.
5. Academic Integrity: Adhere to the university's honor code. Any form of cheating or
plagiarism is strictly prohibited.
6. Technical Requirements: Ensure your computer and internet connection are
stable. For online exams, you might need a webcam and microphone for proctoring
purposes.
7. Submission: Submit your ANS before the time expires. Late submissions might
not be accepted.
©2024/2025
,1. Which of the following is a key principle of public policy
analysis?
- A) Ignoring stakeholder interests
- B) Evidence-based decision making
- C) Maximizing bureaucratic control
- D) Reducing public participation
- ANS: B) Evidence-based decision making
- Rationale: Public policy analysis relies on empirical
evidence to inform and guide policy decisions.
2. In the context of business strategy, what does SWOT stand
for?
- A) Strengths, Weaknesses, Opportunities, Threats
- B) Strategies, Weaknesses, Objectives, Tactics
- C) Strengths, Weaknesses, Objectives, Tactics
- D) Strategies, Weaknesses, Opportunities, Threats
- ANS: A) Strengths, Weaknesses, Opportunities, Threats
- Rationale: SWOT analysis is a strategic planning tool used
to identify internal and external factors that can impact an
organization.
©2024/2025
,3. Which of the following is a characteristic of a public-private
partnership (PPP)?
- A) Solely funded by the government
- B) Exclusively managed by private entities
- C) Collaboration between government and private sector
- D) Focused only on short-term projects
- ANS: C) Collaboration between government and private
sector
- Rationale: PPPs involve cooperation between public and
private sectors to deliver public services or infrastructure.
Fill-in-the-Blank Questions
4. The ___________ is a framework used to evaluate the impact
of public policies on different population groups.
- ANS: Equity Impact Assessment
- Rationale: Equity Impact Assessments help ensure that
policies do not disproportionately affect certain groups.
5. ___________ is the process of formulating, implementing,
and evaluating cross-sectoral strategies to achieve long-term
objectives.
- ANS: Strategic Planning
©2024/2025
, - Rationale: Strategic planning involves setting goals,
determining actions to achieve those goals, and mobilizing
resources to execute the actions.
True/False Questions
6. The principal-agent problem in public policy arises when
policymakers (agents) have different interests than the public
(principals).
- ANS: True
- Rationale: The principal-agent problem occurs when there
is a conflict of interest between those who make decisions and
those who are affected by them.
7. In business strategy, a competitive advantage is achieved
when a firm can produce goods or services at a lower cost than its
competitors.
- ANS: True
- Rationale: Competitive advantage can be achieved through
cost leadership, differentiation, or focus strategies.
Multiple Response Questions
©2024/2025
Public Policy & Business Strategy
Midterms (Qns & Ans)
2025
General Instructions
1. Read All Questions Carefully: Make sure you understand each question.
2. Time Management: You have a specific amount of time to complete the exam.
Keep an eye on the clock and pace yourself.
3. Allowed Materials: Only use materials that are explicitly allowed. Unauthorized
materials can lead to disqualification.
4. ANS Format: Follow the required format for your ANS. For example, multiple-
choice questions might need you to select the best ANS, while essay questions
require detailed responses.
5. Academic Integrity: Adhere to the university's honor code. Any form of cheating or
plagiarism is strictly prohibited.
6. Technical Requirements: Ensure your computer and internet connection are
stable. For online exams, you might need a webcam and microphone for proctoring
purposes.
7. Submission: Submit your ANS before the time expires. Late submissions might
not be accepted.
©2024/2025
,1. Which of the following is a key principle of public policy
analysis?
- A) Ignoring stakeholder interests
- B) Evidence-based decision making
- C) Maximizing bureaucratic control
- D) Reducing public participation
- ANS: B) Evidence-based decision making
- Rationale: Public policy analysis relies on empirical
evidence to inform and guide policy decisions.
2. In the context of business strategy, what does SWOT stand
for?
- A) Strengths, Weaknesses, Opportunities, Threats
- B) Strategies, Weaknesses, Objectives, Tactics
- C) Strengths, Weaknesses, Objectives, Tactics
- D) Strategies, Weaknesses, Opportunities, Threats
- ANS: A) Strengths, Weaknesses, Opportunities, Threats
- Rationale: SWOT analysis is a strategic planning tool used
to identify internal and external factors that can impact an
organization.
©2024/2025
,3. Which of the following is a characteristic of a public-private
partnership (PPP)?
- A) Solely funded by the government
- B) Exclusively managed by private entities
- C) Collaboration between government and private sector
- D) Focused only on short-term projects
- ANS: C) Collaboration between government and private
sector
- Rationale: PPPs involve cooperation between public and
private sectors to deliver public services or infrastructure.
Fill-in-the-Blank Questions
4. The ___________ is a framework used to evaluate the impact
of public policies on different population groups.
- ANS: Equity Impact Assessment
- Rationale: Equity Impact Assessments help ensure that
policies do not disproportionately affect certain groups.
5. ___________ is the process of formulating, implementing,
and evaluating cross-sectoral strategies to achieve long-term
objectives.
- ANS: Strategic Planning
©2024/2025
, - Rationale: Strategic planning involves setting goals,
determining actions to achieve those goals, and mobilizing
resources to execute the actions.
True/False Questions
6. The principal-agent problem in public policy arises when
policymakers (agents) have different interests than the public
(principals).
- ANS: True
- Rationale: The principal-agent problem occurs when there
is a conflict of interest between those who make decisions and
those who are affected by them.
7. In business strategy, a competitive advantage is achieved
when a firm can produce goods or services at a lower cost than its
competitors.
- ANS: True
- Rationale: Competitive advantage can be achieved through
cost leadership, differentiation, or focus strategies.
Multiple Response Questions
©2024/2025
