IBS QUIZ 1

A business refers to an organisation or enterprise created for only profit generation

• True

• False

Which of the SMART features makes it possible for the organisation to identify progress made

• Specific

• Measurable

• Achievable

• Realistic

Which of the following is an example of individual objective

• Increase Market share

• efficiency of organisational resources

• Competitive advantage

• Career progression

A Business only deals with physical products

• True

• False

Which of the Business functions is the most effective in an organisation when it comes to profit making

• Finance

• Production

• Marketing

• Human Resource

Which of the SMART features in as indication that an organisation's objective must not exceed its resources

• Specific

• Relevant

• Achievable

• Timely

Which of the following objective focuses on personal development

• Social responsibility

• Brand image

• Customer Acquisition

• Employee development

Which of them has the largest market share in the fast food industry

• Burger King

• KFC

• McDonalds

• Dominos

Social responsibility of an organisation is based on the following except

• Ethics

• economic factor

• legal factor

• Profit making

Which of the following has an objective of making profit

• British heart foundation

• Primark

• British Red cross

• Greenpeace UK