Chapter 5: Business & Stakeholder Objectives
DRAFT
10th - 11th grade
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2 years ago
deanhoss
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Chapter 5: Business & Stakeholder Objectives
DRAFT
2 years ago
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deanhoss
Played 228 times
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10th - 11th grade
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60% average accuracy
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10 Questions
Show answers
Question 1
SURVEY
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
SURVEY
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
SURVEY
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
SURVEY
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
SURVEY
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
SURVEY
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
SURVEY
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
SURVEY
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
Shoppers
A local primary school with a 500 student population
Question 9
SURVEY
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
SURVEY
30 seconds
Q.
What is the most likely objective of a newly formed business enterprise?
answer choices
Survival
Maximum profit
Rapid growth
Providing a service to the community.
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