ECON-GB 2148 Public Policy & Business Strategy Midterms (Qns & Ans) 2026

ECON-GB 2148 Public Policy & Business Strategy Midterms (Qns & Ans) 2026

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.

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