Mng3701 Exam Pack 2026 -2027 Latest
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QUESTION
What is the purpose of a business organisation to the entrepreneur?
A) The profit he makes from his business
B) The value of the service or product
C) Their salary/wage earned
D) Selling shares to shareholders
Correct Answer: A
Rationale: To the entrepreneur, the purpose of a business organisation is the profit he
makes from his business.
QUESTION
What is the purpose of a business organisation to the consumer?
A) The profit the entrepreneur makes
B) The value of the service or product
C) Their salary/wage earned
D) Selling shares to shareholders
Correct Answer: B
Rationale: To the consumer, the purpose of a business organisation is the value of the
service or product.
QUESTION
What is the purpose of a business organisation to employees?
A) The profit the entrepreneur makes
B) The value of the service or product
C) Their salary/wage earned
D) Selling shares to shareholders
Correct Answer: C
Rationale: To employees, the purpose of a business organisation is their salary/wage
earned.
,QUESTION
What is the purpose of a business organisation to an organisation itself?
A) The profit the entrepreneur makes
B) The value of the service or product
C) Their salary/wage earned
D) Selling shares to shareholders
Correct Answer: D
Rationale: To an organisation, the purpose can be selling shares to shareholders.
QUESTION
What are stakeholders?
A) Any person or group of people that have (or claim to have) an interest in an organization
and its activities
B) Only the owners of an organization
C) Only the employees of an organization
D) Only the customers of an organization
Correct Answer: A
Rationale: Stakeholders are any person or group of people that have (or claim to have) an
interest in an organization and its activities.
QUESTION
What do customers expect from an organization?
A) Quality products and good service
B) Payment on time
C) Contribution in form of sponsorships
D) Fairness, dignity and respect
Correct Answer: A
Rationale: Customers expect quality products and good service from an organization.
QUESTION
What do suppliers expect from an organization?
A) Quality products and good service
B) Payment on time
C) Contribution in form of sponsorships
D) Fairness, dignity and respect
Correct Answer: B
Rationale: Suppliers expect payment on time from an organization.
QUESTION
What does the community expect from an organization?
, A) Quality products and good service
B) Payment on time
C) Contribution in form of sponsorships or community projects
D) Fairness, dignity and respect
Correct Answer: C
Rationale: The community expects contribution in form of sponsorships or community
projects from an organization.
QUESTION
What does organized labor expect from an organization?
A) Quality products and good service
B) Payment on time
C) Contribution in form of sponsorships
D) Treat employees with fairness, dignity and respect
Correct Answer: D
Rationale: Organized labor expects the organization to treat employees with fairness,
dignity and respect.
QUESTION
What are internal stakeholders?
A) Work directly within the organisation - business owners, shareholders, investors,
employees and management
B) Not directly associated with the organization
C) Only customers and suppliers
D) Only the community and government
Correct Answer: A
Rationale: Internal stakeholders work directly within the organisation, including business
owners, shareholders, investors, employees and management.
QUESTION
What are external stakeholders?
A) Work directly within the organisation
B) Not directly associated with the organization - community, government, organized labor,
customers, suppliers
C) Only business owners and shareholders
D) Only employees and management
Correct Answer: B
Rationale: External stakeholders are not directly associated with the organization,
Updated | A+ Graded | 100 % Guaranteed
Pass
QUESTION
What is the purpose of a business organisation to the entrepreneur?
A) The profit he makes from his business
B) The value of the service or product
C) Their salary/wage earned
D) Selling shares to shareholders
Correct Answer: A
Rationale: To the entrepreneur, the purpose of a business organisation is the profit he
makes from his business.
QUESTION
What is the purpose of a business organisation to the consumer?
A) The profit the entrepreneur makes
B) The value of the service or product
C) Their salary/wage earned
D) Selling shares to shareholders
Correct Answer: B
Rationale: To the consumer, the purpose of a business organisation is the value of the
service or product.
QUESTION
What is the purpose of a business organisation to employees?
A) The profit the entrepreneur makes
B) The value of the service or product
C) Their salary/wage earned
D) Selling shares to shareholders
Correct Answer: C
Rationale: To employees, the purpose of a business organisation is their salary/wage
earned.
,QUESTION
What is the purpose of a business organisation to an organisation itself?
A) The profit the entrepreneur makes
B) The value of the service or product
C) Their salary/wage earned
D) Selling shares to shareholders
Correct Answer: D
Rationale: To an organisation, the purpose can be selling shares to shareholders.
QUESTION
What are stakeholders?
A) Any person or group of people that have (or claim to have) an interest in an organization
and its activities
B) Only the owners of an organization
C) Only the employees of an organization
D) Only the customers of an organization
Correct Answer: A
Rationale: Stakeholders are any person or group of people that have (or claim to have) an
interest in an organization and its activities.
QUESTION
What do customers expect from an organization?
A) Quality products and good service
B) Payment on time
C) Contribution in form of sponsorships
D) Fairness, dignity and respect
Correct Answer: A
Rationale: Customers expect quality products and good service from an organization.
QUESTION
What do suppliers expect from an organization?
A) Quality products and good service
B) Payment on time
C) Contribution in form of sponsorships
D) Fairness, dignity and respect
Correct Answer: B
Rationale: Suppliers expect payment on time from an organization.
QUESTION
What does the community expect from an organization?
, A) Quality products and good service
B) Payment on time
C) Contribution in form of sponsorships or community projects
D) Fairness, dignity and respect
Correct Answer: C
Rationale: The community expects contribution in form of sponsorships or community
projects from an organization.
QUESTION
What does organized labor expect from an organization?
A) Quality products and good service
B) Payment on time
C) Contribution in form of sponsorships
D) Treat employees with fairness, dignity and respect
Correct Answer: D
Rationale: Organized labor expects the organization to treat employees with fairness,
dignity and respect.
QUESTION
What are internal stakeholders?
A) Work directly within the organisation - business owners, shareholders, investors,
employees and management
B) Not directly associated with the organization
C) Only customers and suppliers
D) Only the community and government
Correct Answer: A
Rationale: Internal stakeholders work directly within the organisation, including business
owners, shareholders, investors, employees and management.
QUESTION
What are external stakeholders?
A) Work directly within the organisation
B) Not directly associated with the organization - community, government, organized labor,
customers, suppliers
C) Only business owners and shareholders
D) Only employees and management
Correct Answer: B
Rationale: External stakeholders are not directly associated with the organization,
