JC2-Business-Alevel

A lumber company has implemented a policy that for every tree that it cuts down, it will plant two new trees in an urban area of the city. The company’s aim is to help reduce pollution in the city, while increasing sustainability. What would this type of initiative be considered?

• CSR

• Political stability

• Profitable objectives

• All of the choices

Why do organisations set ethical objectives?

• All of the choices

• To build customer loyalty

• To create a positive image and work environment

• To reduce the risk of legal damages

A company has decided to merge with another company. Which of the following internal factors will be affected, implying possible changes to business objectives?

• All of the choices

• Leadership

• HR

• Finance

Which of the following are parts of the business strategy?

• All of the choices

• Where the business is located

• A plan on how to achieve aims

• Evaluation of whether the plan is working or not

To be effective the objectives of a business need to be SMART. A local car dealership aspires to have the highest market share of cars sold in the area, by the end of the year. However, in the objectives it did not lay out how many cars it plans to sell. Based on the information provided, which element of the SMART tool has it overlooked?

• M-measurable

• T-time-specific

• S-specific

• R-relevant

A statement of the business's core aims, phrased in a way to motivate employees & to stimulate interest by outside groups.

• mission statement

• Objective

• Vision

• All of the above

True or false: Management by objective is a method of coordinating and motivating all staff in an organisation by dividing its overall aim into specific targets for each department, manager and employee.

• True

• False

A document detailing a company’s rules and guidelines on staff behaviour that must be followed by all employees.

• Ethical code

• Management by objectives

• Corporate social responsibility

• Mission Statement

_________________________ are interested in the returns they receive on their investment in the company.

• Shareholders

• Customers

• Pressure Groups

• Employees

Which of the following is not an internal stakeholder group?

• Customers

• Middle managers

• Employees

• Shareholders