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WorksheetsAims and Objectives
Total questions: 21
Worksheet time: 7mins
The overall aim of any private sector business is to ...
Make profit
Provide facilities and services
benefit the society/community
The overall aim of any public sector business is to ...
Make profit
Provide facilities and services
benefit the society/community
The overall aim of any Third sector business is to ...
benefit the society/community
Provide facilities and services
Make profit
? = set's out a business's overall purpose to direct and stimulate an entire organisation.
Mission statement
Aim
Objective
Goal
? = are medium to long term goals established to coordinate the business
Aims
Objectives
Mission statment
Goals
? = are long term plans of the business from which it's corporate objectives are derived.
Aims
Objectives
Mission statment
Goals
The following is an example of ...
'to bring inspiration and innovation to every athlete in the world', Nike.
Objective
Aim
Mission statement
The following is an example of ...
'I want to score 22 premier league goals in the 21-22 season', Dominic Calvert-Lewin.
Objective
Aim
Mission statement
Goal
The following is an example of ...
'Over the next 3 years I want to be the leading sports clothing in the UK', Gym Shark.
Objective
Aim
Mission statement
Goal
In order to be effective Objectives must be ...
Realistic
SWOT
SMART
What does the "S" stand for in SMART?
Strategic
Specific
Static
Smart
What does the "M" stand for in SMART?
Monthly
Money
Moments
Measurable
What does the "A" stand for in SMART?
Agreed
Achievable
Actual
Absolute
What does the "R" stand for SMART?
Reasonable
Routine
Relevant
Realistic
What does the "T" stand for in SMART?
Target
Thorough
True
Time specific
Should all SMART objectives have a quantifiable way of knowing if they have been achieved?
Yes
No
Which of the following answers are business objectives?
Survival
Profit
Specific
Leading the market
Which of the following is not a business objective?
Providing a service
Market share
Growth
Employment
Which of the following is not a business objective?
Diversification
Market share
Growth
Realistic
Most businesses are likely to put survival as their main objective when ...
the competition is becoming weaker
they are first starting out
they first become incorporated
