
CS Module 4
Quiz
•
Education
•
Professional Development
•
Practice Problem
•
Hard
Vikram V
Used 1+ times
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25 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary purpose of a business vision statement?
To outline daily operational tasks
To describe the company's long-term aspirations
To list employee benefits
To detail financial statements
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A mission statement typically includes
The company's core purpose and scope of operations
Quarterly sales targets
Employee attendance policies
Office layout designs
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The process of developing a vision and mission statement involves
Only top management
Input from stakeholders, including employees and customers
Copying competitors' statements
Ignoring market trends
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why are vision and mission statements important
They provide strategic direction and motivate employees
They replace the need for financial planning
They focus solely on short-term goals
They are required only for annual reports
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a characteristic of an effective mission statement?
Vague and broad language
Clear, concise, and inspiring
Focused on competitor weaknesses
Limited to financial objectives
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Long-term objectives are usually set for a period of
1 year or less
3 to 5 years or more
6 months
Quarterly intervals
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a type of corporate-level strategy?
Market penetration
Diversification
Cost leadership
Operational efficiency
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