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WorksheetsChapter 5: Business & Stakeholder Objectives
Total questions: 10
Worksheet time: 6mins
Name
Class
Date
1.
One of the claimed benefits of having clear objectives is that
a)
all customers know what the business is trying to achieve
b)
the managers have a sense of direction when taking decisions
c)
the business will always make a profit
d)
there will be no arguments between managers and workers
2.
Which one of the following isn't likely to be a common business objective?
a)
To make profit
b)
To provide a service to the community
c)
To pay as much tax as possible
d)
To increase market share
3.
A business might have growth as one of its objectives because
a)
they will be able to benefit from diseconomies of scale
b)
they would be more likely to increase market share
c)
the shareholders always prefer growth to increased profits
d)
all businesses have to grow in order to survive
4.
Most businesses are likely to put survival as their main objective when
a)
the competition is becoming weaker
b)
the economy is becoming weaker
c)
the government plans to increase grants to firms
d)
consumers are increasing their demand for products
5.
Which one of the following statements about stakeholder groups is accurate?
a)
Stakeholders are people who are not interested in business
b)
Stakeholder groups have direct interest in firms decisions
c)
Shareholders of a ltd company are not a stakeholder group
6.
Social enterprises are likely to have which combination of objectives?
a)
Maximum returns for owners and increased market share
b)
Community service, profits and protection of the environment
c)
Survival and an increased share price
d)
Increased profits for owners and protection of the community
7.
Which of the following stakeholders is most likely to be in favor of a new shopping center?
a)
Owners of an existing town centre shop
b)
Families with small children
c)
Environmental groups who want less car use
d)
Trade Unions who would like the creation of new jobs
8.
Which of the following stakeholder groups is most likely to be against a new shopping center?
a)
Central government
b)
Suppliers of goods to the retail industry
c)
Shoppers
d)
A local primary school with a 500 student population
9.
How can a conflict between stakeholder groups about a new shopping center be reduced?
a)
New shops pay taxes to pay for building a new leisure park
b)
The owners of new shops employ workers from other towns
c)
The shoppers are allowed free parking in the new centre
10.
What is the most likely objective of a newly formed business enterprise?
a)
Survival
b)
Maximum profit
c)
Rapid growth
d)
Providing a service to the community.
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