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Firm's Environment & Planning

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

Increase in the price of resources is an example of?

a)

Strength

b)

Weakness

c)

Opportunity

d)

Threat

2.

In this phase, production was no longer confined to manufacturing plants and could be done anywhere in the world through improvements in production methods and information technology.

a)

Industrial revolution

b)

Post-Fordism

c)

Globalization

d)

Mercantilism

3.

A type of business that provides labor and other services to its customers

a)

Merchandising

b)

Service

c)

Manufacturing

d)

Mining

4.

Greatest good for the greatest number of people.

a)

Egoism

b)

Utilitarianism

c)

Relativism

d)

Universalism

5.

One of the elements of social responsibility that requires the company to produce goods and services with reasonable prices.

a)

Economic

b)

Legal

c)

Ethical

d)

Philanthropic

6.

It describes a company's reason for existence.

a)

Objectives

b)

Goals

c)

Mission

d)

Vision

7.

Contingency plans can be implemented in case the original plan fails.

a)

True

b)

False

c)

Maybe

d)

I don't know

8.

Strategic are plans made by (a)   management.

9.

In this technique, a group of planners generates several ideas and selects a solution based on them.

a)

Brainstorming

b)

Nominal group technique

c)

Decision tree

d)

Delphi technique

10.

The vision is achievable nd realistic.

a)

Graphic

b)

Feasible

c)

Flexible

d)

Easy to communicate