Multiple choice

Value systems of an organisation have an impact on its

I. objectives II. policies III. practices IV. profit

  1. I and II only

  2. I, II and III only

  3. II, III and IV only

  4. I, II III and IV
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The principles of right and wrong that are accepted by an individual or organisation are what comprise a value system. The value system of the founders and those at the helm of affairs has important bearing on the choice of business, the mission and the objectives of the organisation, business policies and practices. These values guide the basic principles of business for a period of time which moulds an impression of positivism among people dealing with the business.

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