Practice Test: IB Business And Management- Business Organisation & Environment #1.3

50 Questions | Total Attempts: 868

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Business Management Quizzes & Trivia

Questions and Answers
  • 1. 
    Select the odd one out from each of the options below:
    • A. 

      Tactical objectives

    • B. 

      Operational objectives

    • C. 

      Strategic objectives

    • D. 

      Secondary objectives

  • 2. 
    Select the odd one out from each of the options below:
    • A. 

      Growth

    • B. 

      Sales maximisation

    • C. 

      Survival

    • D. 

      Acquisition

  • 3. 
    Select the odd one out from each of the options below:
    • A. 

      To control

    • B. 

      To select

    • C. 

      To direct

    • D. 

      To motivate

  • 4. 
    Select the odd one out from each of the options below:
    • A. 

      To improve quality of customer service

    • B. 

      To become the world's market leader

    • C. 

      To reduce absenteeism and labour turnover

    • D. 

      To improve productive efficiency

  • 5. 
    If a business behaves ethically, its profits will fall in the short run:
    • A. 

      True

    • B. 

      False

  • 6. 
    A business that adopts an ethical approach will tend to improve its profits in the long run.
    • A. 

      True

    • B. 

      False

  • 7. 
    Strategic objectives refer to the general organisational objectives of a business that encompass its long-term goals.
    • A. 

      True

    • B. 

      False

  • 8. 
    A business that has an ethical policy in the workplace is said to have an ethical stance.
    • A. 

      True

    • B. 

      False

  • 9. 
    The amount of recycling a firm undertakes is likely to be reported in the firm's social audit.
    • A. 

      True

    • B. 

      False

  • 10. 
    All businesses in the private sector aim to make a profit whereas those operating in the public sector aim primarily to provide a service to the general public.
    • A. 

      True

    • B. 

      False

  • 11. 
    For most businesses, the objectives of shareholders are more important than those of other stakeholders.
    • A. 

      True

    • B. 

      False

  • 12. 
    Being socially responsible is the same as being environmentally responsible.
    • A. 

      True

    • B. 

      False

  • 13. 
    Ethical corporate responsibility considers the welfare of the workforce.
    • A. 

      True

    • B. 

      False

  • 14. 
    The overall purpose of an organization can often be seen from its mission statement.
    • A. 

      True

    • B. 

      False

  • 15. 
    The declaration of the future identity of a business is known as its:
    • A. 

      Business objectives

    • B. 

      Corporate identity

    • C. 

      Mission statement

    • D. 

      Vision statement

  • 16. 
    What is the concept used to describe what an organization is in business for and what it intends to achieve?
    • A. 

      Business plan

    • B. 

      Business objectives

    • C. 

      Mission statement

    • D. 

      Vision statement

  • 17. 
    Objectives are:
    • A. 

      What a business wants to achieve

    • B. 

      The purpose for a firm's existence

    • C. 

      Qualitative statements of a firm's direction

    • D. 

      The major goals of an organisation

  • 18. 
    Possible objectives of public sector organizations are least likely to include:
    • A. 

      To provide a service to the community

    • B. 

      To survive

    • C. 

      To break even as soon as possible

    • D. 

      To maximise levels of profits

  • 19. 
    Advantages of setting ethical objectives do not include:
    • A. 

      Avoiding bad publicity

    • B. 

      An obligation to provide shareholder dividends

    • C. 

      A possible unique selling point of the firm

    • D. 

      Impact on staff morale

  • 20. 
    Businesses do not always consider acting in an ethical way. Which of the following does not explain why this may be the case?
    • A. 

      Ethical objectives can conflict with profit objectives

    • B. 

      There may not be any government constraints

    • C. 

      Compliance costs are low

    • D. 

      Ethics might not be important to the firm

  • 21. 
    A social audit does not include the firm's:
    • A. 

      Financial performance

    • B. 

      Use of recycled materials

    • C. 

      Treatment of the workforce

    • D. 

      Waste disposal processes

  • 22. 
    Which of the following is not an example of ethical policies adopted by a business?
    • A. 

      Fringe benefits offered to all members of staff

    • B. 

      Sponsoring charity events in the community

    • C. 

      Fair trade terms with business in less economically developed countries

    • D. 

      The safe disposal of waste materials

  • 23. 
    Many businesses strive to be the market leader. Which of the following methods is least likely to achieve this objective?
    • A. 

      Maintain customer satisfaction

    • B. 

      Competitive prices

    • C. 

      Maintain product quality

    • D. 

      Have high labor turnover

  • 24. 
    A code of practice is not likely to include details concerning:
    • A. 

      Social responsibilities

    • B. 

      Expectations of employees in the workplace

    • C. 

      Ethical marketing

    • D. 

      Statutory employment rights

  • 25. 
    Objectives do not include:
    • A. 

      Provide a focus for the workforce

    • B. 

      Help to assess the performance of a business

    • C. 

      Suggest how goals should be achieved

    • D. 

      Inform strategic planning

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