Unit 16-17-18 TEST Review
Quiz
•
Business
•
11th Grade
•
Practice Problem
•
Easy
JulieAnn Bever
Used 2+ times
FREE Resource
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20 questions
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1.
MULTIPLE CHOICE QUESTION
45 sec • 5 pts
A company’s mission is its:
charter
strategy
purpose
vision
2.
MULTIPLE CHOICE QUESTION
45 sec • 5 pts
Beyond inspiration and clarity of purpose, another benefit of a mission statement is:
it allows goals and objectives to be informed by and to aligned with the mission
it allows employee reviews to occur annually
it makes it easier to borrow money
it includes the goals and objectives
3.
MULTIPLE CHOICE QUESTION
45 sec • 5 pts
What a company believes, its business philosophies, and how it intends to treat its employees/teammates and customers are part of the company’s:
vision statement
strategy
SMART objectives
core values
4.
MULTIPLE CHOICE QUESTION
45 sec • 5 pts
What defines a company’s purpose and informs its goals and objectives?
SWOT analysis
milestones
financial statement
mission statement
5.
MULTIPLE CHOICE QUESTION
45 sec • 5 pts
Company objectives are more meaningful when they have certain characteristics, following the S.M.A.R.T. framework, including being:
Timed-Based and Affordable
Specific and Aspirational
Smart and Attainable
Realistic and Measurable
6.
MULTIPLE CHOICE QUESTION
45 sec • 5 pts
Why are objectives important?
owners can ensure an ROI
managers can create a vision using objectives
leaders can guarantee all revenue targets are achieved
managers can determine specific performance targets for company divisions and for each employee
7.
MULTIPLE CHOICE QUESTION
45 sec • 5 pts
A goal describes or defines a ______________, whereas objectives are _____________ to help achieve a goal.
capital, resources
tactics, vision
products, destination
destination, tactics
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