In what types of environments do organisations operate?

• Only internal environments

• Only external environments

• Both internal and external environments

• Neither internal nor external environments

What do environmental factors add to how organisations are able to operate?

• Flexibility

• Constraints

• Opportunities

• Resources

How can decision-making within an organisation be influenced by environmental factors?

• By providing more resources

• By adding constraints

• By increasing flexibility

• By reducing costs

What type of pressure can be easier to control within an organisation?

• External pressure

• Internal pressure

• Market pressure

• Competitive pressure

How can an organisation respond to external environmental pressures?

• By controlling them directly

• By planning its reactions

• By ignoring them

• By eliminating them

What is a constraint in the context of an organization?

• A specific pressure that makes it difficult or prevents an organization to operate freely in any way it wants.

• A strategy to enhance organizational performance.

• A method to increase employee productivity.

• A tool for financial analysis.

What is the purpose of a business's mission statement?

• To describe the business's long-term goals

• To outline the business's core values

• To state the business's reasons for existing and its overall goal

• To list the techniques the business will use to achieve its goals

What does a business's vision statement describe?

• The business's short-term goals

• The business's reasons for existing

• The core principles and ethics of the business

• What the owners intend to achieve in the next 5–10+ years

Which of the following best describes the values of a business?

• The goals the business wants to achieve in the next 1–5 years

• The core principles and ethics of the business

• An inspirational statement about the future

• A short statement on the business's reasons for existing

What are the objectives of a business?

• The techniques the business will use to achieve its goals

• The core principles and ethics of the business

• The goals the owners want the business to achieve in the next 1–5 years

• An inspirational statement about the future