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Worksheets1.4 Business Objectives (AS)
Total questions: 18
Worksheet time: 9mins
Which of the following answers are business objectives?
Survival
Profit
Specific
Market share
Which of the following is not a business objective?
Corporate social responsibility
Market share
Growth
Employment
An Individual or group which has interest in business because they are affected by its activities and decisions.
Shareholders
Travellers
Stakeholders
Students
A statement of specific target to be achieved. They should be SMART.
Objective
Profit
Revenue
Delegation
M in SMART stands for:
Modest
Meaningful
Money
Measurable
Which of the following is not a business objective?
Corporate social responsibility
Market share
Growth
Realistic
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
An Individual or group which has interest in business because they are affected by its activities and decisions.
Shareholders
Travellers
Stakeholders
Students
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.
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
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
Are 'aims' SMART?
yes
no
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
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
