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WorksheetsORGMA Quiz LESSON 2
Total questions: 29
Worksheet time: 16mins
What is the definition of an organization?
A group of people working independently
A group of people working together to accomplish specific goals
A collection of unrelated individuals
A business entity with no specific purpose
What does the business environment include?
Only external factors
Only internal factors
Only economic factors
Both external and internal factors
Which of the following is NOT part of the internal environment?
Management
Production & Operations
Economic Environment
Human Resources
What does the socio-cultural environment pertain to?
Technological advancements
Natural disasters
People and their culture
Government regulations
Which business organization is owned by a single person?
Partnership
Cooperative
Corporation
Sole Proprietorship
What is a SWOT analysis used for?
To determine legal compliance
To assess strengths, weaknesses, opportunities, and threats
To evaluate financial performance
To analyze market trends
What does 'strengths' refer to in a SWOT analysis?
Characteristics that a company lacks
Potential problems for a business
External factors that can benefit a company
Features that organizations possess
Which of the following is an example of an external environment factor?
Production processes
Market trends
Internal policies
Human Resources
What does the technological environment refer to?
Government regulations
Advancements in science and technology
Cultural influences
Natural disasters
What is a cooperative?
A business owned by two or more persons
A business entity with separate legal personality
A business organization owned and operated by a group for mutual benefit
A business owned by a single individual
What does the economic environment include?
Cultural trends
Balance of trade and payments
Technological advancements
Natural disasters
Which of the following is a characteristic of a corporation?
Operated by a group for mutual support
Owned by two or more persons
Owned by a single person
Has a separate legal personality from its owners
What are threats in a SWOT analysis?
Favorable external factors
Characteristics that a company lacks
Potential disadvantages impacting an organization
Strengths of the organization
What does the natural environment include?
Cultural influences
Technological advancements
Natural disasters like typhoons and earthquakes
Economic performance measures
A group of people working together to accomplish some specific purpose/goals.
(a)
The combination of both external and internal factors that affect a firm’s operating condition. (suppliers&clients, competitors&owners,dev. in technology,legal,laws,market economic and social trends
(a)
pertains to the organizational setup, including goals and objectives.
MARKETING
PRODUCTION & OPERATIONS
MANAGEMENT
HUMAN RESOURCES
includes the marketing program of the company covering the basic marketing mix.
PRODUCTION & OPERATIONS
HUMAN RESOURCES
MANAGEMENT
MARKETING
includes the company’s resources.
MARKETING
FINANCE
MANAGEMENT
HUMAN RESOURCES
includes all aspects of manufacturing or operations.
PRODUCTION & OPERATIONS
MARKETING
MANAGEMENT
FINANCE
pertains to the people in the organization.
MANAGEMENT
MARKETING
HUMAN RESOURCES
PRODUCTION & OPERATIONS
includes such forces as balance of trade, balance of payments, and other measures of economic performance.
Economic Environment
Socio Cultural Environment
Technological Environment
Politico Legal Environment
pertains to people and their culture.
Politico Legal Environment
Economic Environment
Socio Cultural Environment
Technological Environment
P_______ pertains to government while L____ pertains to law. This environment includes legislation regulating business.
Socio Cultural Environment
Politico Legal Environment
Natural Environment
Technological Environment
This refers to the advancement of science and technology and includes new inventions or discoveries.
Economic Environment
Socio Cultural Environment
Technological Environment
Politico Legal Environment
his includes typhoons, earthquakes, the El Niῇo and La Niňa phenomena, pollution.
Politico Legal Environment
Economic Environment
Socio Cultural Environment
Natural Environment
A business entity operated and owned by two or more persons who contribute possessions into the firm.
Cooperative
Corporation
Partnership
Sole Proprietorship
It is a business entity that has a separate legal personality from its owners.
Partnership
Corporation
Cooperative
Sole Proprietorship
It is a business organization owned and operated by a group of individuals and is created for their mutual support and benefit.
Corporation
Partnership
Sole Proprietorship
Cooperative
