Administration 2026 |
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Rationales
Included
, A formal summary of the organisation's identity and aim is Mission statement
known as a...
Which of the following is ALWAYS included in a business 4. Primary purpose
mission?
1. Long term planning
2. Secondary purpose
3. Short term targets
4. Primary purpose
Why is it important to communicate aims and objectives in To ensure staff awareness
a business?
Which of the following factors is responsible for a 2. Financial market
weakening of currency?
1. Labour market
2. Financial market
3. Globalisation
4. Tourism
Why would a highly skilled role remand a higher wage? The labour market for this role is limited.
What is the potential impact of a delay in the supply chain? You may have to offer compensation
Identify the external factor that may affect an organisation; 2. Raw material supply
1. Staff shortage
2. Raw material supply
3. Procedural change
4. Production line change
What effect would an increase in export duties have on an Fewer products would be ordered
organisation?
What does the "L" in PESTLE stand for? Legal
The organisation you work for has been researching the Technological
introduction of finger print scanning. What part of PESTLE
does this relate to?
If the aim of a project is to increase the new customer base 1. On budget by August with 7% customer base increase
by 6%, within budget before September, which of the
following indicates a successful project?:
1. On budget by August with 7% customer base increase
2. Under budget before June with 4% customer base
increase
3. On budget by September with 5% customer base
increase
4. Overspend before June with 6% customer base
increase
Which of the following indicates a successful project has 2. All project aims and objectives have been met
been completed?
1. all objectives have been met
2. all project aims and objectives have been met
3. most project aims and objectives have been met
4. some project aims and objectives have been met