Quiz
Unit 301 - outcome 1
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Questions in this quiz (21)
1Which two factors does the purpose of an organisation depend on?
- AWhat the organisation does
- BHow long the organisation has been established
- CHow many customers the organisation has
- DWho the organisation is serving
2Which three things help organisations plan where they aim to be long-term, set out their purpose and define their outcomes?
- AAims
- BObjectives
- CVision
- DData Protection policy
- EStaff structure
- FFinancial reports
3Aims and objectives help organisations by making their [blank_start]purpose[blank_end] clear.
- Apurpose
- Bstaff structure
- Cfinancial plan
4An organisation's mission statement defines the purpose of the organisation and, in turn, what it does and who it serves. True or false?
- ATrue
- BFalse
5An organisation's vision is its long-term plan; where it intends to be in a certain amount of time.
- ATrue
- BFalse
6Which four of these are visions and which three are mission statements?
- AVision
- BMission
- CVision
- DMission
- EVision
- FMission
- GVision
- HMission
- IVision
- JMission
- KVision
- LMission
- MVision
- NMission
7An organisation's values represent what it stands for.
- ATrue
- BFalse
8Aims and objectives aren't important - they don't talk about organisations' purposes or what they want to achieve. True or false?
- ATrue
- BFalse
9What are aims also known as?
- AStatements of intent
- BPlan of attack
- CMaster plan
- DObjectives
10Objectives should be specific statements that define [blank_start]measurable outcomes[blank_end]
- Ameasurable outcomes
- Borganisations' plans
- Corganisations' purposes
11Market forces, changes in policies/regulations, supply chains and international and global markets could all affect an organisation. True or false?
- ATrue
- BFalse
12Inflation, the labour market, financial market and global market are all covered by the wider economy. True or false?
- ATrue
- BFalse
13What is inflation?
- AA general increase in prices and fall in the purchasing value of money
- BA general decrease in prices and rise in the purchasing value of money
14How does inflation affect an organisation? Pick the correct option
- APuts pressure on them via increase in prices of the products or services they purchase or sell
- BTakes pressure off them by decreasing the prices of the products or services they purchase or sell
15The labour market is part of the wider economy. If there are changes to this market, what could the negative effects be for an organisation?
- AReducing the availability of adequately qualified staff and therefore increasing the cost of recruiting; encouraging existing staff to move to other, more favourable organisations
- BIncreasing the availability of adequately qualified staff and therefore decreasing the cost of recruiting; encouraging existing staff to remain with the organisation
16How does the financial market impact on organisations? What does it affect? Pick any/all that apply.
- AInterest rates
- BThe stock exchange
- CCurrency rates
- DOrganisations' share prices
17The international and global market can impact on organisations at any time. One way it could impact is through climate issues, e.g. if a hurricane destroyed crops crucial to an organisation's trade or made it impossible to transport these crops.
- ATrue
- BFalse
18A PESTLE analysis looks at these six factors:
- [blank_start]Political[blank_end]
- [blank_start]Economic[blank_end]
- [blank_start]Social[blank_end]
- [blank_start]Technological[blank_end]
- [blank_start]Legal[blank_end]
- [blank_start]Environmental[blank_end]- APolitical
- BPersonal
- CPrivate
- DEqual
- EEconomic
- FExpensive
- GSudden
- HStrategic
- ISocial
- JTechnological
- KTime-consuming
- LTransparent
- MLegal
- NLimiting
- OLengthy
- PExtensive
- QEnvironmental/Ethical
- REnergising
19Legislatory changes or tax increases/decreases are knock-on effects of the political environment
- ATrue
- BFalse
20A PESTLE analysis is used by organisations to track the enviroment they operate in.
- ATrue
- BFalse
21Do PESTLE analyses help organisations to look at what influences the way they operate?
- AYes
- BNo
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- User has deleted their subject information Quiz on Unit 301 - outcome 1, created by Deleted user on 25/09/2019.
- Author
- Deleted user
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- English
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- History
- Created on 25 Sep 2019 · updated on 25 Sep 2019
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