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- 1. Multiple ChoiceOne of the claimed benefits of having clear objectives is thatall customers know what the business is trying to achievethe managers have a sense of direction when taking decisionsthe business will always make a profitthere will be no arguments between managers and workers
- 2. Multiple ChoiceWhich one of the following isn't likely to be a common business objective?To make profitTo provide a service to the communityTo pay as much tax as possibleTo increase market share
- 3. Multiple ChoiceA business might have growth as one of its objectives becausethey will be able to benefit from diseconomies of scalethey would be more likely to increase market sharethe shareholders always prefer growth to increased profitsall businesses have to grow in order to survive
- 4. Multiple ChoiceMost businesses are likely to put survival as their main objective whenthe competition is becoming weakerthe economy is becoming weakerthe government plans to increase grants to firmsconsumers are increasing their demand for products
- 5. Multiple ChoiceWhich one of the following statements about stakeholder groups is accurate?Stakeholders are people who are not interested in businessStakeholder groups have direct interest in firms decisionsShareholders of a ltd company are not a stakeholder group
- 6. Multiple ChoiceSocial enterprises are likely to have which combination of objectives?Maximum returns for owners and increased market shareCommunity service, profits and protection of the environmentSurvival and an increased share priceIncreased profits for owners and protection of the community
- 7. Multiple ChoiceWhich of the following stakeholders is most likely to be in favor of a new shopping center?Owners of an existing town centre shopFamilies with small childrenEnvironmental groups who want less car useTrade Unions who would like the creation of new jobs
- 8. Multiple ChoiceWhich of the following stakeholder groups is most likely to be against a new shopping center?Central governmentSuppliers of goods to the retail industryShoppersA local primary school with a 500 student population
- 9. Multiple ChoiceHow can a conflict between stakeholder groups about a new shopping center be reduced?New shops pay taxes to pay for building a new leisure parkThe owners of new shops employ workers from other townsThe shoppers are allowed free parking in the new centre
- 10. Multiple ChoiceWhat is the most likely objective of a newly formed business enterprise?SurvivalMaximum profitRapid growthProviding a service to the community.
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