QUESTION: 9

What is the most accurate definition of organizational vision?

A description of who the organization is, where it is headed and what it wants for the future
A written explanation of the intention or purpose of the organization and why it is in business
A statement of what kind of organization it wants to be and the guiding principles and/or beliefs shared by stakeholders
A detailed account of the organization’s goals, directions to achieve them and how it will compete

Answer(s): A

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QUESTION: 10

Who are you most likely to hear from if there are questions about an employee’s compensation?

The employee
A concerned co-worker
The employee’s manager
The employee’s department head

Answer(s): C

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QUESTION: 11

In what stage of the business lifecycle do companies typically begin standardizing procedures through policy creation?

Start-up
Growth
Mature
Decline

Answer(s): B

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QUESTION: 12

What is the most common term for the broad framework of principles and approaches that guide day-to-day decisions affecting the business, including how it positions itself in the market?

The business plan
The corporate objective
The mission statement
The competitive strategy

Answer(s): D

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QUESTION: 9

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QUESTION: 12

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