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WorksheetsBusiness Objectives and Stakeholders
Total questions: 20
Worksheet time: 15mins
What is the primary objective for new or small firms?
Survival
Market share growth
Corporate social responsibility
Profit maximisation
Which of the following is NOT an advantage of setting business objectives?
Reduces conflicts
Increases motivation
Easier decision making
Guarantees success
What does profit represent in a business?
Market share
Total sales
Leftover revenue after deducting costs
Investment capital
Each business has 1 objective and it does NOT change overtime.
True
False
What is a key objective of shareholders?
Environmental protection
Social responsibility
Business growth
Job security
What do workers typically seek from their employment?
Business growth
Market share
Job satisfaction
Higher profits
Which stakeholder group is primarily concerned with the repayment of loans?
Government
Community
Banks
Customers
What is a common objective of the government regarding businesses?
Provide job security
Maximise profits
Increase market share
To be environmentally friendly
What is a potential conflict between workers and shareholders?
Market share vs. survival
Profit vs. business growth
Higher salaries vs. lower prices
Job satisfaction vs. profit maximisation
What is the main aim of public sector businesses?
Maximise profits
Provide community services
Increase market share
Expand globally
Which of the following is a stakeholder group?
Shareholders
Workers
Customers
All the above
What is a primary objective of public sector businesses?
Provide social support
Increase market share
Maximise profits
Expand internationally
What do community stakeholders expect from businesses?
Market expansion
Job creation
Increased competition
Higher profits
What is the objective of environmental goals in businesses?
Enhance customer loyalty
Expand market share
Protect the environment
Increase profits
What is a common objective for managers in a business?
Market share growth
Customer satisfaction
Social responsibility
Job security
Why are profits important for a business?
To grow
To reward owners/shareholders
To indicate that a business is successful
All of the above
When public sector businesses make profits, they get reinvested back into the business.
True
False
Stakeholders are people who own shares in a business.
True
False
Stakeholders are people who are interested in a business only but are NOT affected by the business activities.
True
False
Business objectives are necessary because they unite the business.
True
False
