1) What is the difference between an aim and an objective? a) An aim is the overall goal and objectives are the steps to achieve it b) An objective is the overall goal and aims are the steps to achieve it c) A aim is where the business wants to be in 10 years and the objectives are where the business wants to be in five years 2) What are the two main types of objective? a) Short-term and long-term objectives b) Big objectives and small objectives c) Financial and non-financial objectives 3) Which of these objectives for a small business follows the SMART acronym? a) To earn £100,000 in 2023 b) To earn £1,000 profit each month for the next year c) To earn £150,000 profit each week for the next month 4) What does the "S" in SMART goals stand for? a) Specific b) Strategic c) Simple d) Short-term 5) Which of the following is NOT a characteristic of SMART goals? a) Measurable b) Achievable c) Reliability  d) Specific 6) The purpose of business objectives are: a) provide financial stability. b) provide direction and a clear focus for the company, its employees, and stakeholders c) provide business growth. d) align stakeholders and business goals.

SMART Objectives

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