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
Profit maximization
Maximizing shareholder value
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
Which is likely to be the key objective of most business start ups?
Market share
Share holder value
A way of doing things that is shared by all those in the organization .
Corporate culture
Corporate social responsibility .
Corporate objective
Corporative aim .
The most effective business objectives usually meet the SMART criteria .What does T in SMART stands for ?
Time specific
Technological
Trendy
Target
What helps to direct , control and review the success of business activity?
Business aim
Business ethics
Strategy
CSR
Which of the following is essential to achieve any aim successfully?
Goal
Objectives
Focus
Expand MBO.
Management by Objectives
Management by Opposition
Management by Organization
Management Buy Out
Which corporate objective is often suggested as being common among owners of small business who wish to live comfortable but do not want to work longer and longer hours in order to earn even more profit ?
Profit satisficing
Profit rationalization
None of the above
