Write the word TRUE or FALSE after each of the following statements - Leaving Cert Business - Question 12 - 2020
Question 12
Write the word TRUE or FALSE after each of the following statements.
A strategic plan is a long-term plan for a business.
A mission statement sets out the overall p... show full transcript
Worked Solution & Example Answer:Write the word TRUE or FALSE after each of the following statements - Leaving Cert Business - Question 12 - 2020
Step 1
A strategic plan is a long-term plan for a business.
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Answer
TRUE. A strategic plan outlines the long-term goals and direction of a business, focusing on the necessary actions to achieve those objectives.
Step 2
A mission statement sets out the overall purpose of the business.
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Answer
TRUE. A mission statement defines the company's purpose and primary objectives, serving as a guide for decision-making.
Step 3
A functional structure divides a business into different geographic locations.
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Answer
FALSE. A functional structure organizes a business according to functions (like marketing, finance) rather than geographic locations.
Step 4
A matrix structure is a team-based structure.
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Answer
TRUE. A matrix structure facilitates teamwork by involving employees from different functional areas to work on projects, emphasizing collaboration.
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