Business Objectives and Roles Quiz

What is the primary purpose of a vision statement?

• To set specific and measurable targets

• To outline day-to-day operations

• To serve as a guiding principle for long-term aims

• To explain why the business exists

Who typically sets strategic objectives in a business?

• Board of directors with top executive management

• Floor managers

• Salespeople

• Compliance officers

What type of objectives are day-to-day targets set by floor managers?

• Operational objectives

• Strategic objectives

• Tactical objectives

• Business objectives

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

• To have the highest market share of car dealerships

• To increase profit over the next five years

• To hire and retain enough salespeople

• To be the most successful car dealership in the city

What is the main difference between aims and objectives?

• Objectives are vague, aims are specific

• Aims are short-term, objectives are long-term

• Objectives are concrete and measurable

• Aims are measurable, objectives are not

What role does a CEO play in a company?

• Sets the aim for the company

• Responsible for hiring staff

• Handles financial records

• Manages day-to-day operations

Which position is responsible for ensuring compliance with regulations?

• Compliance officer

• CFO

• Sales Manager

• HR Director

What is the responsibility of a Purchasing Officer?

• To manage employee training

• To design and test software

• To ensure safety in the workplace

• To oversee the buying of goods and services

Who is responsible for the everyday running of the company?

• CIO

• COO

• CTO

• CEO

What does the role of a Sales Manager typically involve?

• Designing marketing strategies

• Managing sales staff and operations

• Overseeing financial audits

• Handling customer complaints