Organizational Objectives Quiz

Which corporate objective involves giving a clear sense of direction?

• Delegating

• Giving

• Measuring

• Setting

Which corporate objective focuses on departmental authority?

• Measuring

• Delegating

• Giving

• Setting

What is the main contribution of every functional area in an organization?

• To increase profits

• To contribute to the organization’s main objectives

• To reduce employee turnover

• To enhance customer satisfaction

Which of the following is an example of a corporate objective?

• Increasing market share

• Hiring more staff

• Relocating the office

• Reducing office hours

Which of the following could be a corporate objective for a tech company?

• Developing innovative products

• Reducing office hours

• Hiring more janitorial staff

• Relocating the headquarters

Which corporate objective focuses on achieving the highest possible profit?

• Profit maximisation

• Growth maximisation

• Diversification

• Profit satisficing

What is a functional objective set to support survival objectives?

• Increase market share

• Support survival objectives through planning

• Innovate new products

• Reduce employee turnover

What is profit satisficing?

• Maximizing profits at all costs

• Achieving a 'good enough' level of profit

• Minimizing losses

• Ignoring profit margins

What is the first step in profit satisficing objectives?

• Set functional objectives to achieve agreed levels.

• Acceptable percentage of profit or share dividends.

• Agree the required level of satisfaction.

• Increase market share.

What does setting functional objectives ensure in the context of profit satisficing?

• All departments work towards achieving agreed profit levels.

• The company expands into new markets.

• The company reduces its workforce.

• The company increases its production capacity.