Business Objectives – NBC Institute

BMF – May 2016 – L1 – SA – Q5 – Nature of Business, Types, and Objectives

This question assesses the understanding of corporate objectives in relation to stakeholders.

Question

It is often assumed that the main objective of a company should be to maximise the wealth of its shareholders. Johnson, Scholes, and Whittington state that the objective of an entity should be to ………………
A. Fulfil ‘stakeholder’ expectations
B. Fulfil ‘stakeholder’ values
C. Fulfil ‘shareholder’ expectations
D. Fulfil ‘government’ expectations
E. Fulfil ‘stakeholder’ thinking

Answer

Find Related Questions by Tags, levels, etc.

Tags: Business Objectives, Corporate Goals, Stakeholders
Level: Level 1

Topic: Nature of Business, Types, and Objectives
Series: MAY 2016

BMF – May 2016 – L1 – SA – Q3 – The Role of Professional Accountants in Business and Society

This question tests the student's understanding of characteristics and objectives of not-for-profit organizations.

Question

The following are TRUE about Not-For-Profit Organisations EXCEPT:
A. They exist for purposes other than making profit
B. They operate within the funding and cash available
C. They are wholly or partly funded from non-government sources
D. The operating surplus is retained for the organisation
E. They will aim to operate at a surplus

Answer

Find Related Questions by Tags, levels, etc.

Tags: Accounting, Business Objectives, Not-for-profit organizations
Level: Level 1

Topic: The Role of Professional Accountants in Business and Society
Series: MAY 2016

BMF- Nov 2014 – L1 – SA – Q5 – The Business Environment

Identifies the statement that defines the purpose and direction of an organisation.

Question

Which of the following defines the purpose of an organisation and gives the direction in which it is heading?

A. Vision statement
B. Mission statement
C. Business objective
D. Strategic intent
E. Organisational goal

Answer

Find Related Questions by Tags, levels, etc.

Tags: Business Objectives, Mission, Organisational Goals, Strategy, Vision
Level: Level 1

Topic: The Business Environment
Series: NOV 2014

BMF – Nov 2014 – L1 – SA – Q1-Q1 – Nature of Business, Types, and Objectives

Questions on Latin meaning, business objectives, and factors influencing business structure.

Question

The Latin word “agenda” means:

A. Matters arising

B. Notice

C. Correspondence

D. Report

E. Things to be done

Answer

Find Related Questions by Tags, levels, etc.

Tags: Business Knowledge Question Short Summary, Business Objectives, Business Structure
Level: Level 1

Topic: Nature of Business, Types, and Objectives
Series: NOV 2014

BMF – MAY 2015 – L1 – SA – Q11 – Nature of Business, Types, and Objectives.

Identifying an alternative to shareholders' wealth maximisation.

Question

Which of the following is regarded as an alternative to shareholders’ wealth maximisation?

A. Long term stability
B. Long term growth
C. Corporate wealth maximisation
D. Share price maximisation
E. Cost minimisation

Answer

Find Related Questions by Tags, levels, etc.

Tags: Business Objectives, Corporate wealth, Shareholders' Wealth, Wealth Maximization
Level: Level 1

Topic: Nature of Business, Types, and Objectives
Series: MAY 2015

BMF – MAY 2015 – L1 – SA – Q9 – Nature of Business, Types, and Objectives

Definition of an organization's mission in alignment with stakeholder expectations.

Question

An organisation’s mission can be defined as:

A. The overriding purpose in line with the values or expectations of stakeholders
B. The organisation’s business plan
C. The overriding purpose in line with the values or expectations of its owners
D. The desired future state of the organisation
E. The current state of the organisation

Answer

Find Related Questions by Tags, levels, etc.

Tags: Business Objectives, Mission Statement, Purpose, Stakeholders
Level: Level 1

Topic: Nature of Business, Types, and Objectives
Series: MAY 2015

SCS – Nov 2020 – L3 – Q1 – Strategy, stakeholders and mission

Explain how the mission statement of GGOH can be made relevant to the future success of the organization.

Question

A mission statement can have several different purposes. In reference to the mission statement of GGOH, explain how management can make it relevant to the future success of the organization. (10 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Business Objectives, Management, Mission Statement, Strategy, Success
Level: Level 3

Topic: Strategy, stakeholders, and mission
Series: NOV 2020

BMF – May 2018 – L1 – SA – Q1 – Nature of Business, Types, and Objectives

Identifying characteristics of a corporate mission statement.

Question

Which of the following is NOT a characteristic of a well-stated corporate mission statement?
A. Ambiguity
B. Precision
C. Motivation
D. Clarity
E. Distinctiveness

Answer

Find Related Questions by Tags, levels, etc.

Tags: Business Objectives, Corporate Mission Statement
Level: Level 1

Topic: Nature of Business, Types, and Objectives
Series: MAY 2018

BMF – May 2023 – L1 – SB – Q1a – Nature of Business, Types, and Objectives

Explain the term stakeholders in a business context.

Question

Explain the term Stakeholders.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Business Objectives, Corporate Responsibility, Influence, Stakeholders
Level: Level 1

Topic: Nature of Business, Types, and Objectives
Series: MAY 2023

MI – May 2017 – L1 – SB – Q4b – Information Systems

Discuss how IT strategy helps business objectives and the pros and cons of IT outsourcing.

Question

i. State FOUR ways by which Information System/Information Technology Strategy can help an entity to achieve its business objectives. (4 Marks)

ii. State THREE advantages and THREE disadvantages of outsourcing Information Technology. (6 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Business Objectives, IT Outsourcing, IT Strategy
Level: Level 1

Topic: Information Systems
Series: MAY 2017

BMF – May 2016 – L1 – SA – Q5 – Nature of Business, Types, and Objectives

This question assesses the understanding of corporate objectives in relation to stakeholders.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Business Objectives, Corporate Goals, Stakeholders
Level: Level 1

Topic: Nature of Business, Types, and Objectives
Series: MAY 2016

BMF – May 2016 – L1 – SA – Q3 – The Role of Professional Accountants in Business and Society

This question tests the student's understanding of characteristics and objectives of not-for-profit organizations.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Accounting, Business Objectives, Not-for-profit organizations
Level: Level 1

Topic: The Role of Professional Accountants in Business and Society
Series: MAY 2016

BMF- Nov 2014 – L1 – SA – Q5 – The Business Environment

Identifies the statement that defines the purpose and direction of an organisation.

Question

Which of the following defines the purpose of an organisation and gives the direction in which it is heading?

A. Vision statement
B. Mission statement
C. Business objective
D. Strategic intent
E. Organisational goal

Answer

Find Related Questions by Tags, levels, etc.

Tags: Business Objectives, Mission, Organisational Goals, Strategy, Vision
Level: Level 1

Topic: The Business Environment
Series: NOV 2014

BMF – Nov 2014 – L1 – SA – Q1-Q1 – Nature of Business, Types, and Objectives

Questions on Latin meaning, business objectives, and factors influencing business structure.

Question

The Latin word “agenda” means:

A. Matters arising

B. Notice

C. Correspondence

D. Report

E. Things to be done

Answer

Find Related Questions by Tags, levels, etc.

Tags: Business Knowledge Question Short Summary, Business Objectives, Business Structure
Level: Level 1

Topic: Nature of Business, Types, and Objectives
Series: NOV 2014

BMF – MAY 2015 – L1 – SA – Q11 – Nature of Business, Types, and Objectives.

Identifying an alternative to shareholders' wealth maximisation.

Question

Which of the following is regarded as an alternative to shareholders’ wealth maximisation?

A. Long term stability
B. Long term growth
C. Corporate wealth maximisation
D. Share price maximisation
E. Cost minimisation

Answer

Find Related Questions by Tags, levels, etc.

Tags: Business Objectives, Corporate wealth, Shareholders' Wealth, Wealth Maximization
Level: Level 1

Topic: Nature of Business, Types, and Objectives
Series: MAY 2015

BMF – MAY 2015 – L1 – SA – Q9 – Nature of Business, Types, and Objectives

Definition of an organization's mission in alignment with stakeholder expectations.

Question

An organisation’s mission can be defined as:

Answer

Find Related Questions by Tags, levels, etc.

Tags: Business Objectives, Mission Statement, Purpose, Stakeholders
Level: Level 1

Topic: Nature of Business, Types, and Objectives
Series: MAY 2015

SCS – Nov 2020 – L3 – Q1 – Strategy, stakeholders and mission

Explain how the mission statement of GGOH can be made relevant to the future success of the organization.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Business Objectives, Management, Mission Statement, Strategy, Success
Level: Level 3

Topic: Strategy, stakeholders, and mission
Series: NOV 2020

BMF – May 2018 – L1 – SA – Q1 – Nature of Business, Types, and Objectives

Identifying characteristics of a corporate mission statement.

Question

Which of the following is NOT a characteristic of a well-stated corporate mission statement?
A. Ambiguity
B. Precision
C. Motivation
D. Clarity
E. Distinctiveness

Answer

Find Related Questions by Tags, levels, etc.

Tags: Business Objectives, Corporate Mission Statement
Level: Level 1

Topic: Nature of Business, Types, and Objectives
Series: MAY 2018

BMF – May 2023 – L1 – SB – Q1a – Nature of Business, Types, and Objectives

Explain the term stakeholders in a business context.

Question

Explain the term Stakeholders.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Business Objectives, Corporate Responsibility, Influence, Stakeholders
Level: Level 1

Topic: Nature of Business, Types, and Objectives
Series: MAY 2023

MI – May 2017 – L1 – SB – Q4b – Information Systems

Discuss how IT strategy helps business objectives and the pros and cons of IT outsourcing.

Question

i. State FOUR ways by which Information System/Information Technology Strategy can help an entity to achieve its business objectives. (4 Marks)

ii. State THREE advantages and THREE disadvantages of outsourcing Information Technology. (6 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Business Objectives, IT Outsourcing, IT Strategy
Level: Level 1

Topic: Information Systems
Series: MAY 2017

Question Tag: Business Objectives

Filter by Professional Bodies

Filter by Subject

Filter by Series

Filter by Topics

Filter by Levels

BMF – May 2016 – L1 – SA – Q5 – Nature of Business, Types, and Objectives

This question assesses the understanding of corporate objectives in relation to stakeholders.

You're reporting an error for "BMF – May 2016 – L1 – SA – Q5 – Nature of Business, Types, and Objectives"

BMF – May 2016 – L1 – SA – Q3 – The Role of Professional Accountants in Business and Society

This question tests the student's understanding of characteristics and objectives of not-for-profit organizations.

You're reporting an error for "BMF – May 2016 – L1 – SA – Q3 – The Role of Professional Accountants in Business and Society"

BMF- Nov 2014 – L1 – SA – Q5 – The Business Environment

Identifies the statement that defines the purpose and direction of an organisation.

You're reporting an error for "BMF- Nov 2014 – L1 – SA – Q5 – The Business Environment"

BMF – Nov 2014 – L1 – SA – Q1-Q1 – Nature of Business, Types, and Objectives

Questions on Latin meaning, business objectives, and factors influencing business structure.

You're reporting an error for "BMF – Nov 2014 – L1 – SA – Q1-Q1 – Nature of Business, Types, and Objectives"

BMF – MAY 2015 – L1 – SA – Q11 – Nature of Business, Types, and Objectives.

Identifying an alternative to shareholders' wealth maximisation.

You're reporting an error for "BMF – MAY 2015 – L1 – SA – Q11 – Nature of Business, Types, and Objectives."

BMF – MAY 2015 – L1 – SA – Q9 – Nature of Business, Types, and Objectives

Definition of an organization's mission in alignment with stakeholder expectations.

You're reporting an error for "BMF – MAY 2015 – L1 – SA – Q9 – Nature of Business, Types, and Objectives"

SCS – Nov 2020 – L3 – Q1 – Strategy, stakeholders and mission

Explain how the mission statement of GGOH can be made relevant to the future success of the organization.

You're reporting an error for "SCS – Nov 2020 – L3 – Q1 – Strategy, stakeholders and mission"

BMF – May 2018 – L1 – SA – Q1 – Nature of Business, Types, and Objectives

Identifying characteristics of a corporate mission statement.

You're reporting an error for "BMF – May 2018 – L1 – SA – Q1 – Nature of Business, Types, and Objectives"

BMF – May 2023 – L1 – SB – Q1a – Nature of Business, Types, and Objectives

Explain the term stakeholders in a business context.

You're reporting an error for "BMF – May 2023 – L1 – SB – Q1a – Nature of Business, Types, and Objectives"

MI – May 2017 – L1 – SB – Q4b – Information Systems

Discuss how IT strategy helps business objectives and the pros and cons of IT outsourcing.

You're reporting an error for "MI – May 2017 – L1 – SB – Q4b – Information Systems"

BMF – May 2016 – L1 – SA – Q5 – Nature of Business, Types, and Objectives

This question assesses the understanding of corporate objectives in relation to stakeholders.

You're reporting an error for "BMF – May 2016 – L1 – SA – Q5 – Nature of Business, Types, and Objectives"

BMF – May 2016 – L1 – SA – Q3 – The Role of Professional Accountants in Business and Society

This question tests the student's understanding of characteristics and objectives of not-for-profit organizations.

You're reporting an error for "BMF – May 2016 – L1 – SA – Q3 – The Role of Professional Accountants in Business and Society"

BMF- Nov 2014 – L1 – SA – Q5 – The Business Environment

Identifies the statement that defines the purpose and direction of an organisation.

You're reporting an error for "BMF- Nov 2014 – L1 – SA – Q5 – The Business Environment"

BMF – Nov 2014 – L1 – SA – Q1-Q1 – Nature of Business, Types, and Objectives

Questions on Latin meaning, business objectives, and factors influencing business structure.

You're reporting an error for "BMF – Nov 2014 – L1 – SA – Q1-Q1 – Nature of Business, Types, and Objectives"

BMF – MAY 2015 – L1 – SA – Q11 – Nature of Business, Types, and Objectives.

Identifying an alternative to shareholders' wealth maximisation.

You're reporting an error for "BMF – MAY 2015 – L1 – SA – Q11 – Nature of Business, Types, and Objectives."

BMF – MAY 2015 – L1 – SA – Q9 – Nature of Business, Types, and Objectives

Definition of an organization's mission in alignment with stakeholder expectations.

You're reporting an error for "BMF – MAY 2015 – L1 – SA – Q9 – Nature of Business, Types, and Objectives"

SCS – Nov 2020 – L3 – Q1 – Strategy, stakeholders and mission

Explain how the mission statement of GGOH can be made relevant to the future success of the organization.

You're reporting an error for "SCS – Nov 2020 – L3 – Q1 – Strategy, stakeholders and mission"

BMF – May 2018 – L1 – SA – Q1 – Nature of Business, Types, and Objectives

Identifying characteristics of a corporate mission statement.

You're reporting an error for "BMF – May 2018 – L1 – SA – Q1 – Nature of Business, Types, and Objectives"

BMF – May 2023 – L1 – SB – Q1a – Nature of Business, Types, and Objectives

Explain the term stakeholders in a business context.

You're reporting an error for "BMF – May 2023 – L1 – SB – Q1a – Nature of Business, Types, and Objectives"

MI – May 2017 – L1 – SB – Q4b – Information Systems

Discuss how IT strategy helps business objectives and the pros and cons of IT outsourcing.

You're reporting an error for "MI – May 2017 – L1 – SB – Q4b – Information Systems"

Our offerings

Contact Info

Customer

Get In Touch

admin