BTF 1 - Chapter 1
Authored by Huu Nguyen
Business
University
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10 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 10 pts
Which of the following characteristics do all organizations have in common?
Pursuing controlled performance and social arrangement.
Pursuing individual goals.
Pursuing revenue.
Pursuing complete integration with the environment.
2.
MULTIPLE CHOICE QUESTION
1 min • 10 pts
Alpha company states in its annual report that it sees itself as becoming the European market leader for synthetic tents by 2030. This statement is the company’s:
Plan.
Vision.
Standard.
Responsibility.
3.
MULTIPLE CHOICE QUESTION
1 min • 10 pts
Which of the following company’s stakeholder group is putting the company under pressure to improve its return on investment?
Shareholders.
Customers.
Suppliers.
Employees.
4.
MULTIPLE CHOICE QUESTION
1 min • 10 pts
Maximizing the wealth of its shareholders is the stated goal of Company X. The company’s objectives have been expressed as a hierarchy of primary and secondary objectives. Identify which of the following is most likely to be primary business objective.
To increase the annual profit after tax by 125% in the next 10 years.
To introduce an average of two new products each year for the next six years.
To double the share price within the next 10 years.
To become the market leader in four market segments within the next 10 years.
5.
MULTIPLE CHOICE QUESTION
1 min • 10 pts
Which of the following is a not-for-profit organization?
A bar club.
A hotel.
A souvenir shop.
Charities.
6.
MULTIPLE CHOICE QUESTION
1 min • 10 pts
The combined output of individuals working together exceeds their individual output refers to which of the organization’s advantages?
Time saving.
Knowledge sharing.
Expertise pooling.
Synergy effect.
7.
MULTIPLE CHOICE QUESTION
1 min • 10 pts
SMART in characteristics of operational objectives of a business means:
Special, Measurable, Achievable, Realistic and Time-bound.
Specific, Measurable, Achievable, Relevant and Time-bound.
Special, Managerial, Assessable, Realistic and Time-bound.
Specific, Measurable, Assessable, Relevant and Time-bound.
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