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Business Aims And Objectives
Test Description: Business GCSE: Topic 1.3
Instructions: Answer all questions to get your test result.
1) What is a business aim?
A
A slogan.
B
A logo.
C
What a business is worth.
D
What a business wants to achieve.
2) What is a business objective?
A
A logo.
B
How the business will achieve its aims.
C
A slogan.
D
What a business wants to achieve.
3) What should business objectives always be linked to?
A
Measurable targets that can be set and reviewed during set time periods.
B
The stock market.
C
Bank loans.
D
Open-ended targets that are reviewed annually.
4) What should a business do once it has met its aims and objectives?
A
Start another business.
B
Be happy and just keep going.
C
Create new aims and objectives to help the business grow.
D
Sell.
5) Which of the following in NOT a financial aim or objective?
A
Personal satisfaction
B
Profit
C
Survival
D
Market share
6) Which of the following is NOT a non-financial aim or objective?
A
Independence and control.
B
Challenge.
C
Social concerns.
D
Sales.
7) Financial survival can be achieved by...
A
Securing a certain market share.
B
Sharing social concerns.
C
Achieving personal satisfaction.
D
Spending all the money you have on advertising.
8) Which one of the following is an example of a financial objective?
A
To increase the profit margin by 10 percent over the next six months.
B
To overcome the challenge of setting up a business.
C
To make the community a better place.
D
To have control of the business.
9) What must a business consider when setting aims and objectives?
A
What will make the most money.
B
What kinds of snacks they will have available at break times.
C
Where they can go on holiday.
D
The industry in which they want to operate.
10) Which of the following is NOT an example of a Social objective?
A
Improving the life of the local community.
B
Cutting plastic use.
C
Breaking even by the end of year 2.
D
Reducing carbon emissions.
*select an answer for all questions
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