Edexcel IGCSE Business Studies Chapter quiz Ch 2

Descripción

Quiz on Chapter 2.
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Resumen del Recurso

Pregunta 1

Pregunta
Why is an objective NOT important to a business?
Respuesta
  • 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.

Pregunta 2

Pregunta
Does S in SMART objectives stand for smart?
Respuesta
  • True
  • False

Pregunta 3

Pregunta
Does M in SMART objectives stand for measurable?
Respuesta
  • True
  • False

Pregunta 4

Pregunta
Does A in SMART objectives stand for appropriate?
Respuesta
  • True
  • False

Pregunta 5

Pregunta
Does R in SMART objectives stand for reproductive?
Respuesta
  • True
  • False

Pregunta 6

Pregunta
Does T in SMART objectives stand for traditional?
Respuesta
  • True
  • False

Pregunta 7

Pregunta
What are the objectives of a business in private sector?
Respuesta
  • Survival
  • Profit
  • Growth
  • Wealth creation
  • Increase market share
  • Image
  • Reputation
  • Social Responsibility
  • Taking over government

Pregunta 8

Pregunta
Is mission statement is often directed at suppliers.
Respuesta
  • True
  • False

Pregunta 9

Pregunta
Which of these are possible objectives of a public sector business?
Respuesta
  • 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.

Pregunta 10

Pregunta
What does the term Mission statement mean?
Respuesta
  • 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
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