Topic: Nature of Business, Types, and Objectives

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  • 1 Marks

BMF – Nov 2020 – L1 – SA – Q1 – Nature of Business, Types, and Objectives

Identify the item that is NOT of interest to shareholders in an organisation.

Shareholders in large companies are usually investors seeking to earn a return on their investment in the form of dividends and a higher share price. Which of the following is NOT a matter that would be of interest to shareholders in an organisation?
A. A proposal to invest in a major project where the return is high
B. A proposed takeover bid for another company that offers better returns
C. Bonuses and shares
D. High dividend payments
E. Increasing profits and share price

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  • 1 Marks

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

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

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

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  • 1 Marks

BMF – Nov 2014 – L1 – SA – Q2 – Nature of Business, Types, and Objectives

Identifies the inappropriate social objective for a business.

Which of the following should NOT be the social objective of a business organisation?

A. Pay tax as at when due
B. Obey laws enacted by the National Assembly
C. Keep clean environment
D. Encourage tax avoidance
E. Encourage tax evasion

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  • 1 Marks

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

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

The Latin word “agenda” means:

A. Matters arising

B. Notice

C. Correspondence

D. Report

E. Things to be done

 

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  • 1 Marks

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

Identifying an alternative to shareholders' wealth maximisation.

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

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  • 1 Marks

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

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

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

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  • 20 Marks

BF – Nov 2015 – L1 – SB – Q1 – Nature of Business, Types, and Objectives

Discussing reasons for planning and types of planning based on time horizons.

The world in which businesses operate has become increasingly uncertain. By planning and identifying future risks and opportunities, businesses can act immediately to help create the most favourable future outcome and achieve goals and objectives.

a. State FIVE reasons for planning. (5 Marks)
b. Explain briefly THREE types of planning, considering time horizon. (15 Marks)

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  • 1 Marks

BF – Nov 2015 – L1 – SA – Q7 – Nature of Business, Types, and Objectives

Identifying the incorrect statement about objectives.

Which of the following statements is NOT true of objectives?
A. Specific
B. Measurable
C. Time bound
D. Relevant to the context of the vision of an organisation
E. Achievable within the undefined time frame

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  • 1 Marks

BF – Nov 2015 – L1 – SA – Q2 – Nature of Business, Types, and Objectives

Identifying what should not be an objective of a business organization.

Which of the following should NOT be the objective of a business organisation?
A. Pay tax as at when due
B. Obey laws enacted by the National Assembly
C. Keep clean environment
D. Encourage tax avoidance
E. Encourage tax evasion

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  • 1 Marks

BF – Nov 2015 – L1 – SA – Q1 – Nature of Business, Types, and Objectives

Understanding the meaning of the term "agenda" from a list of options.

The Latin word “agenda” means:
A. Matters arising
B. Notice
C. Correspondence
D. Report
E. Things to be done

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  • 1 Marks

BMF – Nov 2020 – L1 – SA – Q1 – Nature of Business, Types, and Objectives

Identify the item that is NOT of interest to shareholders in an organisation.

Shareholders in large companies are usually investors seeking to earn a return on their investment in the form of dividends and a higher share price. Which of the following is NOT a matter that would be of interest to shareholders in an organisation?
A. A proposal to invest in a major project where the return is high
B. A proposed takeover bid for another company that offers better returns
C. Bonuses and shares
D. High dividend payments
E. Increasing profits and share price

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  • 1 Marks

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

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

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

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  • 1 Marks

BMF – Nov 2014 – L1 – SA – Q2 – Nature of Business, Types, and Objectives

Identifies the inappropriate social objective for a business.

Which of the following should NOT be the social objective of a business organisation?

A. Pay tax as at when due
B. Obey laws enacted by the National Assembly
C. Keep clean environment
D. Encourage tax avoidance
E. Encourage tax evasion

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  • 1 Marks

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

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

The Latin word “agenda” means:

A. Matters arising

B. Notice

C. Correspondence

D. Report

E. Things to be done

 

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  • 1 Marks

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

Identifying an alternative to shareholders' wealth maximisation.

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

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

  • 1 Marks

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

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

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

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  • 20 Marks

BF – Nov 2015 – L1 – SB – Q1 – Nature of Business, Types, and Objectives

Discussing reasons for planning and types of planning based on time horizons.

The world in which businesses operate has become increasingly uncertain. By planning and identifying future risks and opportunities, businesses can act immediately to help create the most favourable future outcome and achieve goals and objectives.

a. State FIVE reasons for planning. (5 Marks)
b. Explain briefly THREE types of planning, considering time horizon. (15 Marks)

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  • 1 Marks

BF – Nov 2015 – L1 – SA – Q7 – Nature of Business, Types, and Objectives

Identifying the incorrect statement about objectives.

Which of the following statements is NOT true of objectives?
A. Specific
B. Measurable
C. Time bound
D. Relevant to the context of the vision of an organisation
E. Achievable within the undefined time frame

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  • 1 Marks

BF – Nov 2015 – L1 – SA – Q2 – Nature of Business, Types, and Objectives

Identifying what should not be an objective of a business organization.

Which of the following should NOT be the objective of a business organisation?
A. Pay tax as at when due
B. Obey laws enacted by the National Assembly
C. Keep clean environment
D. Encourage tax avoidance
E. Encourage tax evasion

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You're reporting an error for "BF – Nov 2015 – L1 – SA – Q2 – Nature of Business, Types, and Objectives"

  • 1 Marks

BF – Nov 2015 – L1 – SA – Q1 – Nature of Business, Types, and Objectives

Understanding the meaning of the term "agenda" from a list of options.

The Latin word “agenda” means:
A. Matters arising
B. Notice
C. Correspondence
D. Report
E. Things to be done

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