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1. sets out the purpose and general direction for the organization? A. Vision B. Purpose statement C. Mission statement D. Profit statement

1. sets out the purpose and general direction for the organization? A. Vision B. Purpose statement C. Mission statement D. Profit statement

Understanding Business
Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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1. sets out the purpose and general direction for the organization? A. Vision B. Purpose statement C. Mission statement D. Profit statement 2. Which of the following would most effectively act as the primary objective of a business organization? A. To communicate with shareholders. B. To make a profit. C. To mediate between the organization and the environment. D. All of the above. 3. What is the purpose of a balanced scorecard? A. To relate business performance to financial measures. B. To measure contribution of people to business growth. C. To relate business performance to customer satisfaction. D. To combine a range of qualitative and quantitative indicators of performance. 4. Which of the following does the term Corporate Social Responsibility relate to? A. Environmental practice. B. Ethical conduct. C. Human rights and employee relations. D. All of the above. 5. Who are organizational stakeholders? A. Employees B. Government C. Customers D. All of the above. 6. What is Ethics to do with? A. The wider community. B. Right and wrong. C. Business! D. None of the above. 7. 'Ethics deals with the right actions of Individuals' who said? A. CS Rao B. PF Drucker C. JR Betty D. DC Zane 8. Which of the following word refers to 'doing business with your grandchildren's interests at heart'? Discuss
Transcribed Image Text:1. sets out the purpose and general direction for the organization? A. Vision B. Purpose statement C. Mission statement D. Profit statement 2. Which of the following would most effectively act as the primary objective of a business organization? A. To communicate with shareholders. B. To make a profit. C. To mediate between the organization and the environment. D. All of the above. 3. What is the purpose of a balanced scorecard? A. To relate business performance to financial measures. B. To measure contribution of people to business growth. C. To relate business performance to customer satisfaction. D. To combine a range of qualitative and quantitative indicators of performance. 4. Which of the following does the term Corporate Social Responsibility relate to? A. Environmental practice. B. Ethical conduct. C. Human rights and employee relations. D. All of the above. 5. Who are organizational stakeholders? A. Employees B. Government C. Customers D. All of the above. 6. What is Ethics to do with? A. The wider community. B. Right and wrong. C. Business! D. None of the above. 7. 'Ethics deals with the right actions of Individuals' who said? A. CS Rao B. PF Drucker C. JR Betty D. DC Zane 8. Which of the following word refers to 'doing business with your grandchildren's interests at heart'? Discuss
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