The most effective business objectives usually meet the SMART criteria .What does S in SMART stands for ?
Solution
Strategy
Specific
skill
Which corporate objective aims to give maximum reward to the investors ?
Profit maximization
Profit satisficing
Profit rationalization
None of the above
Which objective puts the interests of share holders above those of other stakeholders ?
Maximising short term sales revenue
Maximizing shareholder value
Increasing market share
Which of the following is essential to achieve any aim successfully?
Goal
Objectives
Focus
A way of doing things that is shared by all those in the organization .
Corporate culture
Corporate social responsibility .
Corporate objective
Corporative aim .
Limited companies must state the overall objectives of their business in which of the following documents?
Memorandum of understanding
Mission statement
Memorandum of association
Vision statement
Which of the following may not be the major objective of state-owned organisation ?
Growth
Survival
Name the strategy to be adopted when the competitive and economic environment change and when a powerful rival enters the market or when an economic recession begins .
Maximising shareholder value
The growth of a business is usually measured in terms of .
Sales
Margin
Profit
Assets
The very long term goals which a business hopes to achieve .
Corporate aims
Targets
Mission
