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1776357
Edexcel IGCSE Business Studies Chapter quiz Ch 2
Description
Quiz on Chapter 2.
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edexcel
igcse
business studies
revision
Quiz by
minsung.kang
, updated more than 1 year ago
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Created by
minsung.kang
almost 10 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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