1) A statement of specific target to be achieved. They should be SMART. a) Objective b) Revenue c) Profit d) Delegation 2) M in SMART stands for: a) Modest b) Money c) Meaningful d) Measurable 3) Which of the following answers are NOT business objectives? a) Survival b) Specific c) Profit d) Market share 4) A business with social objectives that reinvests most of its profits back into the business or into benefiting society at large. a) Social network b) Corporation c) Social enterprise d) Multinational company 5) Organizations of like-minded people who put pressure on businesses and government to change their policies to reach a predetermined objective. a) Pressure groups b) Peer groups c) United nations d) Social groups 6) An Individual or group which has interest in business because they are affected by its activities and decisions. a) Shareholders b) Stakeholders c) Travelers d) Students 7) What is the first and most important objective of any business organisation? a) Profit Maximisation b) Survival c) Growth d) Social Responsibility 8) What is a business objective? a) A statement of what the company has achieved. b) A statement of what the company is currently achieving. c) A statement of what the company is trying to achieve. 9) The occupation in which people work for others and get remunerated in return is known as a) Business b) Profession c) Employment d) None of them 10) The owner is rewarded for conducting business and bearing the risk. What is the form of reward the owner receives? a) Remuneration b) Bonus c) Commission d) Profit

G 11 Business Objectives

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