B. True or False1. The company's policies and values must be stated in its Vision Statement.2. Mission statement is the reason for the organization's existence today.3. A product's quality is a strength of a company._4. Compliance to health and safety protocols is considered a strength of a company.5. In order to prosper, a business must set its direction and one of the ways is througha strategic planning.

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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.The description of how different levels and employees in the organization must perform for the organization to achieve its goals is a:A)business-level strategy.B)business model.C)mission statement.D)balanced scorecard.E)None of the above. 2.Which of the following statements regarding multiple measures or a single measure of performance is not correct?A)The advantage of using branch profits to evaluate branch mangers is that profit is relatively simple to compute and reflects the organization's ultimate goal.B)The use of multiple measures can influence branch managers' decisions by changing the components of the performance measurement system to reflect changes in the firm's strategy.C)If the branch managers are more knowledgeable than the corporate staff about local conditions and what local clients value, a single measure could be preferable.D)If the corporate office has better knowledge of what it requires to operate a profitable branch, using multiple measures provides a way to…
5. A cosmetic company has been seriously devastated by a critical situation that is negatively affecting its financial gains, reputation and operation. What policy should be applied to handle the situation? * A. crisis management plan B. communication strategy plan C. financial plan D. All of the above statements E. None of the above statements
Why does a company needs financial objectives? A) to convince shareholders that top management is acting in their interests. B) because without adequate profitability and financial strength, the company's ultimate survival is jeopardized. C) to indicate to employees that financial objectives always take precedence over strategic objectives. D) to translate the company's business model into action items. E) to overtake key competitors on such important measures as net profit margins and return on investment.
Recommend the necessary a) 5 guidelines; and b) 10 sequential steps required in preparing a written strategic plan report. This is not an assignemt this is just a question please answe it. thanks
11. If an IS organization is viewed as a cost center/service provider, its strategic planning process is typically directed inward and focused on determining how to do what it is currently doing but doing it cheaper, faster, and better. a. True b. False 14 The strategic plan of an information system (IS) must identify those technologies, vendors, competencies, people, systems, and projects in which an organization will invest to support the corporate and business unit strategies. a. True b. False 16. The release of a new and more powerful mobile computing device or data-crunching software package can influence the strategic plan of an information system. a. True b. False
Directions: Read each item carefully. Write the letter of the correct answer.1. It is a management process of creating and maintaining fit between the objectives and resources of the organization and the changing marketing opportunities.A. Strategic PlanningB. StrategyC. PlanningD. Tactical Planning2. It is a unique combination of the four P’s which are product, place, promotion and pricing.A. Marketing MixB. Marketing SampleC. Marketing TechniquesD. Marketing Strategies3. Which of the following is not a strategic planning process?A. Strategy FormulationB. Defining the corporate missionC. MarketingD. Implementation4. It is the collection and interpretation of information about forces, events, and relationships that may affect the future of an organization.A. Market OpportunityB. Environmental ScanningC. Goal FormulationD. Operations Management5. It is a short range planning that emphasizes the current operations of various parts of the organization.A. Planning B. Tactical PlanningC.…
Which of the following is NOT a factor in an individual behavior? A. The values and character of the President of the ABC Company B. The beliefs, values and behavior of Finance Division C. The competition within an organization D. The submission of financial reports 2. In an investment, what do you call under diversification, holding onto losers, chasing winners, buying stocks that catch their attention, systematically ignoring important information, paying too little attention to fees and trading too much? A. Errors B. Biases C. Misinformation D. Basic trade
When making editorial decisions for his newspaper, the owner/editor mostly picks issues that are in line with his political beliefs and those that his advertisers approve of despite his publicly stated goal "to be a champion for free speech and for the development of the community." This indicates that ________. Select one: a. the company's strategic goals do not leave any room for interpretation b.the company's stated goals are not its real goals c. the company's goals are directional in nature d.the company's financial goals derive from its strategic goals
Ouestion 1 i Information Quality is important to any business. Discuss 2 common characteristics ofhigh quality information and state the business values of Information Quality and Information consistency. Business Value- ii. A data — driven website is an interactive website kept constantly updated and relevant to the needs of its customers using a database. Discuss two advantages of data driven websites. iii. Business intelligence can provide managers with the ability to make better decisions. Explain how the following industries use business intelligence to make better decisions: a. Airlines: b. Health Care c. Marketing : d. IT Industry
in detail, write an essay about which one of the statements you agree or disagree with regarding market efficiency Manager A: “Shareholders will never know our capital budgeting decisions.” Manager B: “We cannot fool shareholders and the market. The market and shareholders will punish the company if bad capital budgeting decisions are made."
1. A local restaurant decides to revamp its menu, introducing a number of new items. After a couple weeks, its sales skyrocket and the restaurant is more successful than ever. The new menu items must have caused this increase in business, right? A. Dicto Simpliciter B. Contradictory Premises C. Hasty Generalization D. Post Hoc 2. "I don’t care what you believe, as long as your beliefs don’t harm others." A. Contradictory Premises B. Poisoning the Well C. Dicto Simpliciter D. Hypothesis Contrary to Fact
Which of the following statements about an organization’s mission statement is true? Select one: a. The mission statement should express an organization’s purpose. b. The mission statement should identify how an organization will meet the needs of its targeted customers. c. The mission statement must be communicated throughout the organization. d. All of the statements are true.

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