17588289
Question 1
Question
Which of the following best defines the term 'stakeholder'?
Answer
-
Anyone with shares in a company
-
Anyone with an interest in an organisation
-
Anyone who owns a business
-
Anyone who buys a product from the organization
Question 2
Question
Which stakeholder is most interested in profit?
Answer
-
Staff
-
Customers
-
Managers
-
Owners
Question 3
Question
Which one of the following is an internal stakeholder
Answer
-
A creditor
-
A key supplier
-
An employee
-
The government
Question 4
Question
What objectives do different groups of stakeholders have?
Answer
-
No objectives
-
Different objectives
-
Similar objectives
-
Identical objectives
Question 5
Question
The laying-off of staff is NOT in the best benefit of:
Answer
-
Owners
-
Customers
-
Lenders
-
Employees
Question 6
Question
Staff demand a 5% pay increase. Which stakeholder is most likely to be affected?
Answer
-
Customers
-
Owners
-
Managers
-
Suppliers
Question 7
Question
As business objectives are set further down along the hierarchy they become increasingly:
Answer
-
Detailed in nature
-
Strategic in nature
-
Financial in nature
-
Short-term in nature
Question 8
Question
Which of this objectives would be consistent with a corporate objective to reduce costs?
Answer
-
Increase marketing budget by 10%
-
Increase average selling price by 15%
-
Increase labor productivity by 25%
-
Increase unit costs by 10%
Question 9
Question
A key purpose of setting corporate objectives is to:
Answer
-
Makes it easier to calculate bonuses for employees
-
Improve operational efficiency
-
Provide detailed targets for departments & individuals
-
Provide focus for all business activities
Question 10
Question
A corporate objective of survival is most likely to be for the following company:
Answer
-
A well-known Multi-national organization
-
A long established profitable family business
-
A start-up company
-
A public organization
Question 11
Question
The 2 main advantages of successfully achieving a corporate objective to cut-costs are:
Answer
-
Lower cash & higher profits
-
Lower costs & more cash
-
Higher profits & higher expenses
-
Lower costs & more customers
Question 12
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
-
A statement of what the company must legally achieve
Question 13
Question
Who normally decides on business objectives for a company in the private sector?
Answer
-
Customers
-
Managers
-
Employees
-
The government
Question 14
Question
What is an example of stakeholder consideration?
Answer
-
When owners keep all the profits for themselves.
-
When some profit is sacrificed to pay staff an annual bonus.
-
When owners decide to increase profits.
-
When when managers extend the working day by 1 more hour
Question 15
Question
Which is the best example of a SMART objective?
Answer
-
To make a 5% profit
-
To attract 10% more customers sometime next year
-
To respond to customer inquiries 10% quicker by the end of the current month
-
To partner-up with a distributor, retailer, a marketing agency, and a competitor by the end of this month
Want to create your own Quizzes for free with GoConqr? Learn more.