Objectives for starting up

nadia_delorme
Quiz by nadia_delorme, updated more than 1 year ago
nadia_delorme
Created by nadia_delorme over 5 years ago
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Description

Quizz to assess learning of objectives to start up a business

Resource summary

Question 1

Question
What is a business objective?
Answer
  • A statement of what the company has achieved.
  • A statement of what the company is trying to achieve.
  • A statement of what the company is currently achieving.

Question 2

Question
Which is the best example of a SMART objective?
Answer
  • To make a 5% profit
  • To make a 5% profit soon
  • To make a 5% profit in the next year on the European chocolate bars' market

Question 3

Question
Which three of the following are the most likely reasons why individuals would want to start in business as a sole trader? Select three answers.
Answer
  • To increase their income
  • They dislike taking risks
  • Because they enjoy the challenge
  • to give them greater control over their future
  • They prefer to work for someone else
  • They are afraid of failure
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