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Edexcel IGCSE Business Studies Chapter quiz Ch 2

Description

Quiz on Chapter 2.
minsung.kang
Quiz by minsung.kang, updated more than 1 year ago
minsung.kang
Created by minsung.kang over 7 years ago
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Resource summary

Question 1

Question
Why is an objective NOT important to a business?
Answer
  • 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.

Question 2

Question
Does S in SMART objectives stand for smart?
Answer
  • True
  • False

Question 3

Question
Does M in SMART objectives stand for measurable?
Answer
  • True
  • False

Question 4

Question
Does A in SMART objectives stand for appropriate?
Answer
  • True
  • False

Question 5

Question
Does R in SMART objectives stand for reproductive?
Answer
  • True
  • False

Question 6

Question
Does T in SMART objectives stand for traditional?
Answer
  • True
  • False

Question 7

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

Question 8

Question
Is mission statement is often directed at suppliers.
Answer
  • True
  • False

Question 9

Question
Which of these are possible objectives of a public sector business?
Answer
  • 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.

Question 10

Question
What does the term Mission statement mean?
Answer
  • 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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