MCQs on Stakeholders and corporate objectives


Corporate objectives should relate to the business as a whole and can be both financial and non- financial (e.g. Profitability, Customer satisfaction,
MCQs on Stakeholders and corporate objectives | MCQs.CLUB

More MCQs

» MCQs on Nature and Scope of Strategic Management
» MCQs on Strategy Introduction its Levels and Concepts
» MCQs on General and Competitive environment
» Business strategy and strategy development MCQs
» MCQs on Stakeholders and corporate objectives

» Strategic Decision Making MCQs
» MCQs on Resource Audit
» MCQs on Generic strategies

» MCQs Directions and methods of growth
» MCQs on Evaluating Strategic Options

» Strategic Marketing MCQs
» MCQs on Information systems and strategy
» MCQs on Issues in strategic management
» MCQs on Organizational change
» MCQs on Implementing change

» MCQs on Strategic Control
» MCQs on Risk Management

MCQs on Stakeholders and corporate objectives

Corporate objectives should relate to the business as a whole and can be both financial and non- financial (e.g. Profitability, Customer satisfaction, Market share). Here on MCQs.CLUB we have prepared easy and useful MCQs on Stakeholders and corporate objectives that fully cover MCQs on stakeholder meaning, definition, theory, management, value with examples. These also cover the key stakeholders such as internal and external stakeholders in business and their responsibility towards consumer and other different types of stakeholders. These Business & Stakeholder Objectives Quiz and test questions are also useful for competitive exams, business management exams and professional accountancy exams.

  1. Which of the following is correct?
    1. Strategies are developed in order to achieve desired outcomes. These desired outcomes are inherent in the organisation’s mission and vision.
    2. Mission describes an organisation’s basic purpose, and what it is trying to achieve. As such it can guide strategic decisions and helps to identify the organisation’s values.
    3. Vision is oriented towards the future, and can help give the organisation a sense of direction.
    4. All of the above
  1. An organisation’s mission identifies the overriding purpose of the organisation, and what the organisation is trying to achieve. Mission is sometimes described in relation to the questions of ‘What is the organisation for?’ or ‘What business are we in?’
    1. The above statement is correct
    2. The above statement is incorrect
  1. The reasons why a business should give serious consideration to establishing a clear concept of its corporate mission include:
    1. Values are acknowledged as integral elements of consumers’ buying decisions; this is shown by the attention paid to them in advertising, brand building and market research.
    2. People are motivated by many things other than money; employees are likely to be both more productive and more satisfied with their work when they feel that what they are doing has significance beyond the mere pursuit of a living.
    3. Both A&B
    4. None
  1. A ‘Mission Statement’ is a published statement, apparently of the entity’s fundamental objective(s). This may or may not summarise the true mission of the entity.
    1. True
    2. False
  1. Mission statements are likely to have characteristics such as:
    1. Stating the purpose of the organization
    2. Stating the business areas in which the organisation intends to operate
    3. Providing a general statement of the organisation’s culture
    4. Acting as a guide to develop the direction of the entity’s strategy and its goals/objectives
    5. All of the above
  1. The criteria by which to judge the effectiveness of a corporate mission statement include:
    1. Is it specific enough to impact upon individuals’ behaviour throughout the business?
    2. Does it reflect the distinctive advantage of the organisation and recognise its strengths and weaknesses?
    3. Is it realistic and attainable?
    4. Is it flexible to the demands of a changing environment?
    5. All of the above
  1. Although a number of successful companies have mission statements, critics raise criticisms of mission statements such as:
    1. They are often public relations exercises rather than an accurate portrayal of the organisation’s actual values.
    2. They may be ignored by the people responsible for formulating or implementing strategy.
    3. They become obsolete, as they fail to evolve over time to reflect changes in the organisation, or in its markets or the external environment.
    4. All of the above
Read more

Leave a Reply

Join us
Recent Post
Follow us

Sign up for Free MCQs

Welcome to the Club

Log in to continue. IT'S FREE


By continuing, you agree to MCQs CLUB’s Terms of Service and acknowledge you’ve read our Privacy Policy