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WorksheetsMission, Vision, and Values Quiz
Total questions: 20
Worksheet time: 11mins
What is the purpose of a mission statement?
To define the desired future position of the company
To outline specific goals and objectives
To describe the fundamental reason for the organization's existence/ purpose
To address the question of how the company will achieve its goals
What does a vision statement describe?
The desired future position of the company. Hopes and dreams
The specific actions and measures for attaining goals
The main reason for the organization's existence
The fundamental values and principles of the company
What are goals in the context of a company's strategy?
Specific actions and measures for attaining objectives
Concrete courses of action to accomplish the company's vision
Areas of focus such as growth, profitability, retention, efficiency, or customer service
The desired future position of the company
How are goals usually expressed?
As a percentage
As specific actions and measures
As the main reason for the organization's existence
As the desired future position of the company
What is an example of an objective to achieve a 10% increase in sales?
Acquiring five new customers every month
Finding new and less expensive office premises
Outsourcing activities
Increasing revenue by 10%
Why is it important for a company to have a set of values?
To define the firm's value and place constraints on how the organization pursues its goals
To maximize profit and uphold certain values and principles
To attract talented individuals with large compensation packages
To communicate the company's mission and vision statements
Where can stakeholders easily access a company's mission, vision, and value statements?
On the company's website
In the company's annual report
In the company's financial statements
In the company's marketing materials
What is the mission statement of PayPal?
To accelerate the advent of sustainable transport by bringing compelling mass-market electric cars to market as soon as possible
To build the web's most convenient, secure, cost-effective payment solution
To save people money so they can live better
To create a better everyday life for the many people
What is the mission statement of Tesla?
To accelerate the advent of sustainable transport by bringing compelling mass-market electric cars to market as soon as possible
To build the web's most convenient, secure, cost-effective payment solution
To save people money so they can live better
To create a better everyday life for the many people
What business strategy does Walmart follow?
Cost leadership
Differentiation
Focus
Integration
What is the vision statement of Google?
To provide access to the world's information in one click
To create economic opportunity for every member of the global workforce
To create a better everyday life for the many people
To accelerate the advent of sustainable transport by bringing compelling mass-market electric cars to market as soon as possible
What is the vision statement of LinkedIn?
To provide access to the world's information in one click
To create economic opportunity for every member of the global workforce
To create a better everyday life for the many people
To accelerate the advent of sustainable transport by bringing compelling mass-market electric cars to market as soon as possible
A business plan will include all but which?
Purpose of Business
Company Structure
Financial Plan
List of customers
Step 1 to the Business Plan
Write an Executive Summary
Goals
Structure
Management style
A company ran by one person
LLC
Sole Proprietorship
Corporation
Partnership
The "S" in SWOT anaylis stands for
Sales
Strengths
Slide
Sample
The "T" in SWOT analysis stands for
(a)
In step 9, USP stands for
United States Postal
Unique Selling Proposition
Used Sales Progress
United Sales Plan
A companies core beliefs is its
Values
Mission
Vision
Ethic
Every company must have a business plan to be sucessful
True
False
