The fundamental purpose for the existence of any organization is described by its: A. Policies B. Procedures C. Mission D. Strategy
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The fundamental purpose for the existence of any organization is described by its: A. Policies B. Procedures C. Mission D. Strategy
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- 3-Written Policies and Procedures as a part of internal control system serves all of the following objectives, except a. Provide a source of continuity and a basis for uniformity. b. Serve as reference material for future c. Helps discrepancies to be resolved immediately d. Provide a training tool for new employees.The fundamental purpose for the existence of any organization is described by its : Select one: a. mission statement b. procedures c. policies d. bylaws13. Business model describes the rationale of how an organization makes, transports, and captures value in economic, social, cultural or other contexts A. True B. False
- 7 Organizational Structure (choose the right answer) a. largely dictates how objectives and policies will be established b. Dilutes the resources quickly. c. are rigid that cannot be changed d. provides guidance to strategies.The organization charts represent which of the following? a. The goal of a company b. The list of stakeholders of the company c. Overall view of the organization function and relationship d. The forecast of future opportunitiesThe strategic management process is: a. A decision-making activity concerned with a firm’s internal resources, capabilities, and competencies, independent of the conditions in its external environment. b. The full set of commitments, decisions, and actions required for the firm to achieve above-average returns and strategic competitiveness. c. A process directed by top-management with input from other stakeholders that seeks to achieve above-average returns for investors through effective use of the organization’s resources. d. A set of activities that will assure a temporary advantage and average returns forthe firm.
- he strategic management process is a. a set of activities that will assure a temporary advantage and average returns for the firm. b. a decision-making activity concerned with a firm’s internal resources, capabilities, and competencies, independent of the conditions in its external environment. c. a process directed by top-management with input from other stakeholders that seeks to achieve above-average returns for investors through effective use of the organization’s resources. d. the full set of commitments, decisions, and actions required for the firm to achieve above-average returns and strategic competitiveness.Which of the following defines what business or businesses the firm is in or should be in? a. National Strategy b. Corporate Strategy c. Business strategy d. Functional StrategyA clearly defined __________________ directly addresses the question “What is our business?” from an organisational standpoint and distinguishes it from another similar firm a. Strategic Plan b. Vision statement c. Business plan d. Mission Statement
- The benefit of understanding the external forces of business refers to which statement? a. It helps the managers to maximize operations cost b. It helps the managers to remove competitors from the market c. It helps the managers to develop the appropriate business strategies d. It helps the managers to copy the competitorsAll of the following are functions of management except Select one: a. Controlling b. Leading c. Financing d. Planningprove or disapprove the statement planning is everyone's job in the organization including those in the non-management level