Chapter 5: Business & Stakeholder Objectives
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  • Question 1
    30 seconds
    Q. One of the claimed benefits of having clear objectives is that
    answer choices
    all customers know what the business is trying to achieve
    the managers have a sense of direction when taking decisions
    the business will always make a profit
    there will be no arguments between managers and workers 
  • Question 2
    30 seconds
    Q. Which one of the following isn't likely to be a common business objective?
    answer choices
    To make profit
    To provide a service to the community
    To pay as much tax as possible
    To increase market share
  • Question 3
    30 seconds
    Q. A business might have growth as one of its objectives because
    answer choices
    they will be able to benefit from diseconomies of scale
    they would be more likely to increase market share
    the shareholders always prefer growth to increased profits
    all businesses have to grow in order to survive
  • Question 4
    30 seconds
    Q. Most businesses are likely to put survival as their main objective when
    answer choices
    the competition is  becoming weaker
    the economy is becoming weaker
    the government plans to increase grants to firms
    consumers are increasing their demand for products
  • Question 5
    30 seconds
    Q. Which one of the following statements about stakeholder groups is accurate?
    answer choices
    Stakeholders are people who are not interested in business
    Stakeholder groups have direct interest in firms  decisions
    Shareholders of a ltd company are not a stakeholder group
  • Question 6
    30 seconds
    Q. Social enterprises are likely to have which combination of objectives?
    answer choices
    Maximum returns for owners and increased market share
    Community service, profits and protection of the environment
    Survival and an increased share price
    Increased profits for owners and protection of the community
  • Question 7
    30 seconds
    Q. Which of the following stakeholders is most likely to be in favor of a new shopping center?
    answer choices
    Owners of an existing town centre shop
    Families with small children
    Environmental groups who want less car use
    Trade Unions who would like the creation of new jobs
  • Question 8
    30 seconds
    Q. Which  of the following stakeholder groups is most likely to be against a new shopping center?
    answer choices
    Central government
     Suppliers of goods to the retail industry
    A local primary school with a 500 student population
  • Question 9
    30 seconds
    Q. How can a  conflict between stakeholder groups about a new shopping center be reduced?
    answer choices
    New shops pay taxes to pay for building a new leisure park
    The owners of new shops employ workers from other towns
    The shoppers are allowed free parking in the new centre
  • Question 10
    30 seconds
    Q. What is the most likely objective of a newly formed business enterprise?
    answer choices
    Maximum profit
     Rapid growth
    Providing a service to the community.
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