Business Objectives Quiz

What are business objectives?

• General ideas about business

• Random tasks for employees

• Plans without specific targets

• Goals a business aims to achieve

Why are business objectives important?

• They increase costs

• They limit growth

• They provide direction for the business

• They confuse employees

Which of the following is a common business objective?

• Chaos

• Confusion

• Distraction

• Profit

What does profit mean in a business context?

• Total money earned

• Money left after costs are paid

• Money spent on advertising

• Expenses a business has

What is one reason businesses set objectives?

• To ignore progress

• To waste resources

• To create confusion

• To provide direction

How do objectives help in decision-making?

• They align actions with goals

• They complicate choices

• They create uncertainty

• They reduce options

What is a profit-making objective?

• Ignoring market competition

• Increasing costs

• Reducing customer satisfaction

• Earning more money than spent

Why do businesses focus on profit?

• To limit product offerings

• To avoid paying salaries

• To survive and pay expenses

• To decrease customer trust

What can profits be used for?

• To confuse employees

• To ignore customer needs

• To increase costs

• To grow the business

What does revenue refer to?

• Money spent on materials

• Total money earned from sales

• Expenses for running a business

• Profit after costs