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BUSI Midterm Exam Answers This principle prevents government funds from going directly to religious congregations or to organizations that would use them for religious activities.
In its proper definition, this term involves comparisons among organizations, either at the macro or at the micro level. This identifies the characteristics, values, perceptions, expectations, and concerns of stakeholders, including clients or customers, donors, and relevant government officials.
Which government entity grants nonprofits their charters? Collaborations and mergers between nonprofits whose missions, operational style, constituencies, or geographic proximities are similar are than those who a lesser level of relatedness.
This proposition states that all organizations create value that consists of economic, social, and environmental value components, and that investors simultaneously generate all three forms of value the our providing capital to organizations.
If an organization wanted to help highlight its strengths or weaknesses for further analysis, which technique would be most useful? An operational plan describes the specific actions that must be taken to accomplish each objective identified in the strategic plan.
Monitoring the financial condition of the organization is a responsibility that neither can nor should be delegated. Objectives and strategies form the heart of a marketing plan and make use of all the items in the marketing.
The process of strategic planning-the development, implementation, and assessment of a plan-is not a single, one-shot event, rather, it is an ongoing continuous process, which must adapt to environmental changes, both external and internal. Nonprofit leaders who think and manage strategically can and should develop mechanisms to continuously not just during the strategic planning process monitor emerging trends, opportunities and threats to the organization.
Whereas goals — or purposes — identify general policy directions of an organization, mission statements specify how these general policy directions will be carried out.
A sales analysis is a method of evaluation that will help determine whether marketing objectives are being met, but it does not yield any information about how much better you might be doing.
Goals should be separated from the mission statement so that they can be used as tools to assess the success of the organization in fulfilling its mission.
A strategic plan broadly maps the activities the organization should pursue to reach its desired goals; it is not a detailed chronology of action. The operational plan, focuses on the what, whereas the strategic plan will focus on the how. Selling is offering something in exchange for money: Most governing boards are elected — many by the constituents at large, some by the members of the governing board electing their own replacements.• Question 1 5 out of 5 points Deterministic techniques assume that no uncertainty exists in model parameters.
Answer Selected Answer: TrueCorrect Answer: True • Question 2 5 out of 5 points An inspector correctly identifies defective products 90% of the time. For the next 10 products, the probability that he makes fewer than 2 incorrect inspections is Answer Selected Answer.
Critical reasoning questions test your ability to analyze logical arguments. The arguments cover a range of topics and situations which average GMAT-takers would be expected to be able to understand, even if they are not very familiar with the subject area.
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