1.2 Business Objectives Quiz L2

1.2 Business Objectives Quiz L2

9th - 10th Grade

15 Qs

quiz-placeholder

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1.2 Business Objectives Quiz L2

1.2 Business Objectives Quiz L2

Assessment

Quiz

Business

9th - 10th Grade

Medium

Created by

M. Attan

Used 5+ times

FREE Resource

15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Why are objectives important for businesses?

They help businesses drift in performance.

They provide motivation and direction.

They increase competition.

They reduce employee satisfaction.

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is a common financial objective for small businesses?

Business expansion

Business survival

Employee satisfaction

Market innovation

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What does 'profit' refer to in a business context?

Total revenue before costs

Revenue after all costs are paid

Total sales volume

Market share percentage

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is meant by 'market share'?

The total sales of a business

The percentage of the market a business occupies

The profit margin of a business

The number of employees in a business

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is a non-financial objective related to ethical ways of working in a business?

Financial security

Social objectives

Market share

Profit maximization

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What does 'personal satisfaction' refer to in non-financial objectives?

Achieving high sales

Creating a successful business

Increasing market share

Reducing costs

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What might cause a business to change its objectives?

Employees getting parking tickets when parking in the car park

Market conditions and technology

Employee absence rates

Stable legislation

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