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Quiz on Chapter 2.

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Edexcel IGCSE Business Studies Chapter quiz Ch 2

Question 1 of 10

2

Why is an objective NOT important to a business?

Select one of the following:

  • Employees need something to work towards.

  • Without objectives owners might not have the motivation

  • Objectives lets a business skip steps to achieve it.

  • It's easier to assess the performance of a business.

Explanation

Question 2 of 10

1

Does S in SMART objectives stand for smart?

Select one of the following:

  • True
  • False

Explanation

Question 3 of 10

1

Does M in SMART objectives stand for measurable?

Select one of the following:

  • True
  • False

Explanation

Question 4 of 10

1

Does A in SMART objectives stand for appropriate?

Select one of the following:

  • True
  • False

Explanation

Question 5 of 10

1

Does R in SMART objectives stand for reproductive?

Select one of the following:

  • True
  • False

Explanation

Question 6 of 10

1

Does T in SMART objectives stand for traditional?

Select one of the following:

  • True
  • False

Explanation

Question 7 of 10

4

What are the objectives of a business in private sector?

Select one or more of the following:

  • Survival

  • Profit

  • Growth

  • Wealth creation

  • Increase market share

  • Image

  • Reputation

  • Social Responsibility

  • Taking over government

Explanation

Question 8 of 10

1

Is mission statement is often directed at suppliers.

Select one of the following:

  • True
  • False

Explanation

Question 9 of 10

4

Which of these are possible objectives of a public sector business?

Select one or more of the following:

  • Increasing special needs provision in schools

  • Increasing response time by the emergency services.

  • Reducing specific crime rates.

  • Reducing waste sent to landfill

  • Increasing the number of students entering higher education

  • Making another business collapse into ashes

  • Reducing economical growth

  • World domination

  • Increasing the number of public sector business.

Explanation

Question 10 of 10

2

What does the term Mission statement mean?

Select one of the following:

  • A brief summary of a firm's aims and objectives.

  • A detailed paragraph of a firm's aims and objectives.

  • An essay about a firm's aims and objectives.

  • A book about the life of a business

Explanation

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