EBA: BUSINESS Mission, Vision & Purpose

1.

Multiple Choice

30 sec

1 pt

A Mission statement contains an organization's

Deadlines & Targets

Identity & Purpose

Operational Plan

Diversity Policy

2.

Multiple Choice

30 sec

1 pt

It is important for an organization to have a Mission statement to:

Inform Stakeholders

Set Boundaries

Allocate Budget

Ensure Viability

3.

Multiple Choice

30 sec

1 pt

Why is it important to have an environmental business objective?

To address government targets

To reduce staff turnover

To keep customer base

To be competitive

4.

Multiple Choice

30 sec

1 pt

What is the purpose of organisational aims and objectives?

To prevent takeovers

To provide Direction to Staff

To set staff limits of authority

To give a brief overview of ideas

5.

Multiple Choice

30 sec

1 pt

A vision statement focuses on tomorrow and what an organisation wants to ultimately become.

True

False

6.

Multiple Choice

30 sec

1 pt

A mission statement focuses on today and what an organization does to achieve it.

True

False

7.

Multiple Choice

30 sec

1 pt

A mission statement DOESN'T usually include:

What we do

Deadlines for when things will be done

Who we serve

How we serve them

8.

Multiple Choice

30 sec

1 pt

When it comes to developing your organisation's mission + vision:

Choose one from below.

Your mission comes first, and your vision comes second

Your vision comes first and your mission comes second

9.

Multiple Choice

30 sec

1 pt

It is important for all staff to be aware of their organization's mission / vision / goals.

True

False

10.

Multiple Choice

30 sec

1 pt

Who in an organisation has responsibility for working towards the vision / mission / goals?

Employer

Employees

Everyone who works for the organisation

Suppliers

11.

Multiple Choice

30 sec

1 pt

VISION STATEMENT ///

"School is the __________ for students and families in the Community."

CHOICE

School

Only Option

Location

12.

Multiple Choice

30 sec

1 pt

Businesses fulfill the needs and wants of consumers.

True

False

13.

Multiple Choice

30 sec

1 pt

_____________purchase goods and services.

Businesses

Consumers

CUSTOMERS

Students

14.

Multiple Choice

30 sec

1 pt

________________the desire to make MONEY.

Opportunity

Income

PROFIT MOTIVE

15.

Multiple Select

30 sec

1 pt

Motivation to start a business includes

Opportunity to meet wants and needs of consumers

Opportunity to increase competition in the marketplace

Opportunity to make money in the marketplace

16.

Multiple Choice

30 sec

1 pt

Businesses are investment opportunities for individuals-future income

True

False

17.

Multiple Choice

30 sec

1 pt

The difference between the amount earned and the amount spent in buying, opearating, or producing something.

Service

Goods

Profit

Profit motive

18.

Multiple Choice

30 sec

1 pt

Things that are not necessary for our survival but add pleasure and comfort to our lives such as TVs, candy bars, jewelry.

Needs

Wants

Goods

Services

19.

Multiple Select

30 sec

1 pt

Vision statements are

Short phrases that Convey the hope for the Future

Actions Oriented

More precise than Mission Statement

EASY to Communicate

20.

Multiple Choice

30 sec

1 pt

Vision is like a dream

True

False

21.

Multiple Select

30 sec

1 pt

Examples of vision statements

recreation for all

safe streets, safe neighborhood

promoting happy family through happy environment

22.

Multiple Choice

30 sec

1 pt

A creative ________, he was continually dreaming up new projects.

Trader

Merchant

Entrepreneur

Seller

23.

Multiple Choice

30 sec

1 pt

That's it. Mission ______________.

Accomplished

Faced

Struggled

Competed

24.

Multiple Choice

30 sec

1 pt

No one doubted that the president was a man of the highest ______.

Entrepreneur

Trait

Integrity

Demonstration

25.

Multiple Select

30 sec

1 pt

Choose 3 answers that are TRUE about the MISSION

Refocusing the attention of investors and the public.

Reflects the firm’s self-concept.

Satisfy customer needs.

Embodies the business philosophy.

Used only by leaders.

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