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Unit 301 - outcome 1

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Quiz on Unit 301 - outcome 1, created by Sophie Hayes on 18/09/2019.
Sophie Hayes
Quiz by Sophie Hayes, updated more than 1 year ago
Sophie Hayes
Created by Sophie Hayes almost 5 years ago
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Resource summary

Question 1

Question
Which two factors does the purpose of an organisation depend on?
Answer
  • What the organisation does
  • How long the organisation has been established
  • How many customers the organisation has
  • Who the organisation is serving

Question 2

Question
Which three things help organisations plan where they aim to be long-term, set out their purpose and define their outcomes?
Answer
  • Aims
  • Objectives
  • Vision
  • Data Protection policy
  • Staff structure
  • Financial reports

Question 3

Question
Aims and objectives help organisations by making their [blank_start]purpose[blank_end] clear.
Answer
  • purpose
  • staff structure
  • financial plan

Question 4

Question
An organisation's mission statement defines the purpose of the organisation and, in turn, what it does and who it serves. True or false?
Answer
  • True
  • False

Question 5

Question
An organisation's vision is its long-term plan; where it intends to be in a certain amount of time.
Answer
  • True
  • False

Question 6

Question
Which four of these are visions and which three are mission statements?
Image:
Statements (binary/octet-stream)
Answer
  • Vision
  • Mission
  • Vision
  • Mission
  • Vision
  • Mission
  • Vision
  • Mission
  • Vision
  • Mission
  • Vision
  • Mission
  • Vision
  • Mission

Question 7

Question
An organisation's values represent what it stands for.
Answer
  • True
  • False

Question 8

Question
Aims and objectives aren't important - they don't talk about organisations' purposes or what they want to achieve. True or false?
Answer
  • True
  • False

Question 9

Question
What are aims also known as?
Answer
  • Statements of intent
  • Plan of attack
  • Master plan
  • Objectives

Question 10

Question
Objectives should be specific statements that define [blank_start]measurable outcomes[blank_end]
Answer
  • measurable outcomes
  • organisations' plans
  • organisations' purposes

Question 11

Question
Market forces, changes in policies/regulations, supply chains and international and global markets could all affect an organisation. True or false?
Answer
  • True
  • False

Question 12

Question
Inflation, the labour market, financial market and global market are all covered by the wider economy. True or false?
Answer
  • True
  • False

Question 13

Question
What is inflation?
Answer
  • A general increase in prices and fall in the purchasing value of money
  • A general decrease in prices and rise in the purchasing value of money

Question 14

Question
How does inflation affect an organisation? Pick the correct option
Answer
  • Puts pressure on them via increase in prices of the products or services they purchase or sell
  • Takes pressure off them by decreasing the prices of the products or services they purchase or sell

Question 15

Question
The labour market is part of the wider economy. If there are changes to this market, what could the negative effects be for an organisation?
Answer
  • Reducing the availability of adequately qualified staff and therefore increasing the cost of recruiting; encouraging existing staff to move to other, more favourable organisations
  • Increasing the availability of adequately qualified staff and therefore decreasing the cost of recruiting; encouraging existing staff to remain with the organisation

Question 16

Question
How does the financial market impact on organisations? What does it affect? Pick any/all that apply.
Answer
  • Interest rates
  • The stock exchange
  • Currency rates
  • Organisations' share prices

Question 17

Question
The international and global market can impact on organisations at any time. One way it could impact is through climate issues, e.g. if a hurricane destroyed crops crucial to an organisation's trade or made it impossible to transport these crops.
Answer
  • True
  • False

Question 18

Question
A PESTLE analysis looks at these six factors: - [blank_start]Political[blank_end] - [blank_start]Economic[blank_end] - [blank_start]Social[blank_end] - [blank_start]Technological[blank_end] - [blank_start]Legal[blank_end] - [blank_start]Environmental[blank_end]
Answer
  • Political
  • Personal
  • Private
  • Equal
  • Economic
  • Expensive
  • Sudden
  • Strategic
  • Social
  • Technological
  • Time-consuming
  • Transparent
  • Legal
  • Limiting
  • Lengthy
  • Extensive
  • Environmental/Ethical
  • Energising

Question 19

Question
Legislatory changes or tax increases/decreases are knock-on effects of the political environment
Answer
  • True
  • False

Question 20

Question
A PESTLE analysis is used by organisations to track the enviroment they operate in.
Answer
  • True
  • False

Question 21

Question
Do PESTLE analyses help organisations to look at what influences the way they operate?
Answer
  • Yes
  • No
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