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Authored by Benjamin Rollan

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12th Grade

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19 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the definition of Benchmark in business?

A tool for external environmental analysis

A comparison point on performance

A method for financial forecasting

A technique for market segmentation

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does Core competency refer to in an organization?

The location of the organization's headquarters

The number of employees in the organization

The financial stability of the organization

Any area that differentiates the organization and provides a competitive edge

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the purpose of GAP analysis in internal evaluation?

Identify performance deficiencies and bridge gaps between current and desired states

Analyze external market trends

Evaluate competitor strategies

Assess customer satisfaction levels

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does VRIO analysis focus on in evaluating a company's resources?

Value, Rareness, Imitability, Organization

Volume, Revenue, Investment, Operations

Vision, Responsibility, Innovation, Optimization

Variety, Reliability, Integration, Optimization

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the purpose of OCAT in assessing non-profit organizations?

Analyze external market competition

Assess how well the organization performs across 10 internal dimensions

Review employee satisfaction

Evaluate customer feedback

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does McKinsey's 7s Framework focus on in organizations?

Enhancing customer service

Expanding product lines

Increasing marketing budgets

Improving alignment between departments and processes

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What aspect of an organization does the 'Staff' component of McKinsey's 7s Framework refer to?

The financial statements and budget allocations

The type of employees, remuneration packages, and attraction/retention methods

The physical office space and infrastructure

The marketing strategies and campaigns

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