Quiz 4 - Objective

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| By Rickymay
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Quizzes Created: 2 | Total Attempts: 375
| Attempts: 155
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  • 1/10 Questions

    It's good to identify the objective of my project group or business team.

    • True
    • False
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About This Quiz

Quiz 4 - Objective evaluates understanding of business objectives, emphasizing the importance of diverse objectives across different businesses, the necessity of justifying objectives, and the impact of shareholder value focus. It fosters critical thinking about corporate goals and strategies.

Corporate Strategy Quizzes & Trivia

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  • 2. 

    A business may have an objective, but having an objective for a single meeting is unnecessary.

    • True

    • False

    Correct Answer
    A. False
    Explanation
    Having an objective for a single meeting is necessary for a business. Meetings are typically held to discuss specific topics, make decisions, or achieve certain outcomes. Without a clear objective, meetings can become unproductive and time-consuming. Having a defined objective helps to focus the discussion, set expectations, and ensure that the meeting achieves its purpose. Therefore, the statement that having an objective for a single meeting is unnecessary is incorrect.

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  • 3. 

    You should always be clear about your objective.

    • True

    • False

    Correct Answer
    A. True
    Explanation
    Being clear about your objective is important because it helps you stay focused and make informed decisions. When you have a clear objective, you can effectively plan and prioritize your tasks, communicate your goals to others, and measure your progress. Without clarity about your objective, you may waste time and resources on irrelevant or conflicting tasks, leading to inefficiency and confusion. Therefore, it is crucial to always be clear about your objective to ensure productivity and success.

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  • 4. 

    One's business objective is universal and identical to all others.

    • True

    • False

    Correct Answer
    A. False
    Explanation
    This statement is false because business objectives can vary greatly depending on the industry, company size, target market, and other factors. Each business has its own unique goals and objectives that are tailored to its specific needs and circumstances. Therefore, it is incorrect to say that one's business objective is universal and identical to all others.

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  • 5. 

    Never question your objective.

    • True

    • False

    Correct Answer
    A. False
    Explanation
    This statement suggests that one should always question their objective. It implies that blindly following an objective without questioning its validity or relevance may not lead to the desired outcome. Therefore, the correct answer is False, as it is important to question and evaluate objectives to ensure they are meaningful and aligned with one's values and goals.

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  • 6. 

    An objective must never be modified.

    • True

    • False

    Correct Answer
    A. False
    Explanation
    The statement is incorrect. Objectives can be modified based on various factors such as changes in circumstances, goals, or strategies. Modifying objectives allows for adaptability and improvement in achieving desired outcomes. Therefore, the correct answer is False.

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  • 7. 

    A student's objective in this class is to memorize the correct test answers.

    • True

    • False

    Correct Answer
    A. False
    Explanation
    The statement suggests that the student's objective in the class is solely to memorize the correct test answers. However, this may not be the case as the objective of a class is generally to gain knowledge and understanding of the subject matter, rather than simply memorizing answers. Therefore, the correct answer is False.

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  • 8. 

    My objective or purpose should be justifiable.

    • True

    • False

    Correct Answer
    A. True
    Explanation
    The statement "My objective or purpose should be justifiable" is true. This means that any objective or purpose that we have should have a valid reason or justification behind it. It implies that we should have a clear and logical reason for pursuing a particular objective or purpose in order for it to be considered valid. Without a justifiable reason, our objectives or purposes may lack credibility or may not be ethically sound. Therefore, it is important to ensure that our objectives or purposes are justified in order to make informed decisions and actions.

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  • 9. 

    A corporation's most fundamental objective is to increase shareholder value, which generally means increase profits.  This primary objective is never a bad thing.

    • True

    • False

    Correct Answer
    A. False
    Explanation
    The statement is false because while increasing shareholder value and increasing profits are often aligned, they are not always the same thing. A corporation's most fundamental objective is to maximize shareholder value, which can be achieved through various means such as increasing profits, but also through strategic investments, market share growth, and long-term sustainability. Focusing solely on short-term profits may not always be beneficial for the long-term success and value of the corporation.

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  • 10. 

    Objective is a word for point of view.

    • True

    • False

    Correct Answer
    A. False
    Explanation
    The statement "Objective is a word for point of view" is incorrect. Objective refers to something that is unbiased, impartial, and based on facts rather than personal opinions or feelings. It is the opposite of subjective, which is influenced by personal perspectives. Therefore, the correct answer is False.

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Quiz Review Timeline (Updated): Mar 15, 2023 +

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  • Current Version
  • Mar 15, 2023
    Quiz Edited by
    ProProfs Editorial Team
  • Nov 08, 2011
    Quiz Created by
    Rickymay
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