1776357
Description
Quiz by minsung.kang, updated more than 1 year ago
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Created by minsung.kang
over 9 years ago
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Question 1
Question
Why is an objective NOT important to a business?
Answer
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Employees need something to work towards.
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Without objectives owners might not have the motivation
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Objectives lets a business skip steps to achieve it.
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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
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Survival
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Profit
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Growth
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Wealth creation
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Increase market share
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Image
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Reputation
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Social Responsibility
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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
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Increasing special needs provision in schools
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Increasing response time by the emergency services.
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Reducing specific crime rates.
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Reducing waste sent to landfill
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Increasing the number of students entering higher education
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Making another business collapse into ashes
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Reducing economical growth
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World domination
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Increasing the number of public sector business.
Question 10
Question
What does the term Mission statement mean?
Answer
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A brief summary of a firm's aims and objectives.
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A detailed paragraph of a firm's aims and objectives.
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An essay about a firm's aims and objectives.
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A book about the life of a business
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