1) What is the main objective of most private sector organisations? a) Provide a free service b) Promote equality c) Maximise profit d) Minimise taxation 2) Public sector organisations aim to: a) Maximise shareholder returns b) Provide services efficiently to the public c) Avoid spending d) Support private businesses 3) A third sector organisation, such as a charity, is most likely to aim to: a) Maximise profit b) Increase dividends c) Support a social cause d) Grow Internationally 4) Which objective involves acting in a way that benefits the environment or local communities? a) Satisficing b) Growth c) Social responsibility d) Profit maximisation 5) Which of the following would be an example of a growth objective? a) Reduce number of stores b) Lay off staff c) Open new branches abroad d) Avoid publicity 6) A business choosing to meet basic targets rather than maximise profits is said to be: a) Growing b) Satisficing c) Diversifying d) Restructuring 7) Which of the following best describes a managerial objective? a) Achieving personal or dept. targets b) Donating profits to charity c) Supporting community events d) Reinvesting profits in R&D 8) Working within a budget is most commonly an objective for which sector? a) Private b) Third c) Public d) Frachise 9) What objective might a franchisee and franchisor both share? a) Provide free public services b) Maximising growth and profit c) Increase tax revenue d) Serve public interest 10) A public sector health board would most likely have which of the following objectives? a) Profit maximisation b) Satisficing c) Provide a quality service d) Increase market share 11) A multinational company may aim to grow by: a) Increasing tax b) Closing down smaller firms c) Entering new international markets d) Reducing employee wages 12) Which of the following would show a company acting socially responsibly? a) Avoiding paying tax b) Using recyclable packaging c) Closing unprofitable braches d) Reducing staff training

HBUS Objectives

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