* not completed

. A mission sets out:

The long term plan of the business correct incorrect

The specific targets a business wants to achieve correct incorrect

The ownership structure of the business correct incorrect

Why the business exists correct incorrect

* not completed

. A strategy sets out:

The long term plan of the business correct incorrect

The specific targets a business wants to achieve correct incorrect

The ownership structure of the business correct incorrect

Why the business exists correct incorrect

* not completed

. An objective is:

The long term plan of the business correct incorrect

A specific target a business wants to achieve correct incorrect

The ownership structure of the business correct incorrect

Why the business exists correct incorrect

* not completed

. Objectives should be all of the following except….

Measurable correct incorrect

Tentative correct incorrect

Realistic correct incorrect

Specific correct incorrect

* not completed

. Return on capital employed is a measure of:

Profitability correct incorrect

Liquidity correct incorrect

Happiness correct incorrect

Market share correct incorrect

* not completed

. Profit is measured by:

Total revenue minus total costs correct incorrect

Total revenue plus total costs correct incorrect

Total revenue divided by total costs correct incorrect

Total revenue multiplied by total costs correct incorrect

* not completed

. Which of the following is not likely to be a business objective?

Sales correct incorrect

Profit correct incorrect

Growth correct incorrect

Liquidation correct incorrect

* not completed

. Which of the following statements is true?

If marginal revenue is greater than marginal costs profit increases when an extra unit is sold correct incorrect

If marginal revenue is less than marginal costs profit increases when an extra unit is sold correct incorrect

If marginal revenue equals than marginal costs profit increases when an extra unit is sold correct incorrect

If marginal revenue is greater than total costs profit increases when an extra unit is sold correct incorrect

* not completed

. According to Simon managers may aim to

Revenue maximise correct incorrect

Increase dividends correct incorrect

Satisfice correct incorrect

Cost minimise correct incorrect

* not completed

. CSR stands for:

Company's Sales Revenue correct incorrect

Corporate Social Responsibility correct incorrect

Corporate Satisficing Record correct incorrect

Cumulative Social Rating correct incorrect