Have an account?
Skip to Content
Build your own quiz
18 questions
Show Answers
See Preview
- 1. Multiple Choice
Which of the following answers are business objectives?
Survival
Profit
Specific
Market share
- 2. Multiple Choice
Which of the following is not a business objective?
Corporate social responsibility
Market share
Growth
Employment
- 3. Multiple Choice
An Individual or group which has interest in business because they are affected by its activities and decisions.
Shareholders
Travellers
Stakeholders
Students
- 4. Multiple ChoiceWhat is a business objective?A statement of what the company has achieved.A statement of what the company is trying to achieve.A statement of what the company is currently achieving.
- 5. Multiple Choice
A statement of specific target to be achieved. They should be SMART.
Objective
Profit
Revenue
Delegation
- 6. Multiple Choice
M in SMART stands for:
Modest
Meaningful
Money
Measurable
- 7. Multiple Choice
Which of the following is not a business objective?
Corporate social responsibility
Market share
Growth
Realistic
- 8. Multiple Choice
A business with social objectives that reinvests most of its profits back into the business or into benefiting society at large.
Social network
Social enterprise
Corporation
Multinational company
- 9. Multiple Choice
An Individual or group which has interest in business because they are affected by its activities and decisions.
Shareholders
Travellers
Stakeholders
Students
- 10. 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
- 11. 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
- 12. Multiple Choice
Which of the following in/are (an) argument(s) in favour of CSR?
Businesses that assist the community in which they operate through CSR programmes receive greater support from the community.
Business must act on social issues in their communities or else customers will move away from the area. E.G. Increased poverty may lead to increased crime which will drive people away.
CSR detracts from the business's core activities.
Businesses that operate in sustainable ways are usually also innovate enough to identify additional avenues of income.
- 13. Multiple Choice
What's the definition of CSR?
its an activity engaged in a commercial or industrial business
Its a business responsibility towards society
its a process of keeping financial information
its a state of a healthy and positive manner
- 14. Multiple Choice
Why should objectives be SMART?
it gives the business a focus
the business can measure it's success in the future
the owner says so
it sounds more efficient
- 15. Multiple Choice
Are 'aims' SMART?
yes
no
- 16. Multiple ChoiceWhich statement best defines the concept of “ethics”?Ethics is the ability to tell the difference in right and wrong behavior.Ethics is trying to judge people by what they believe and do.Ethics is a society’s standards of conduct based on moral values and principles of its members.Characteristics that bring people praise and admiration.
- 17. Multiple Choice
What is profit maximisation?
Getting as much profit as possible
maintaining a level of profit appropriate for the business
focussing on the business staying in business
focussing on the business expanding
- 18. Multiple Choice
What is profit satisficing?
Getting as much profit as possible
maintaining a level of profit appropriate for the business
focussing on the business staying in business
focussing on the business expanding
- Answer choicesTagsAnswer choicesTags