Nature of Business, Types, and Objectives – Page 2

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.

Question

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

Answer

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Tags: Corporate Actions, Dividends, Investments, Shareholders
Level: Level 1

Topic: Nature of Business, Types, and Objectives
Series: NOV 2020

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

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

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

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

Identifies the inappropriate social objective for a business.

Question

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

Answer

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Tags: Business, Ethics, Law, Social Objectives, Tax
Level: Level 1

Topic: Nature of Business, Types, and Objectives
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

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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

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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

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

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

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

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

Question

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)

Answer

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Tags: Business Strategy, Planning, Risk Management
Level: Level 1

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

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

Identifying the incorrect statement about objectives.

Question

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

Answer

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Tags: Objectives, SMART, Time Frame
Level: Level 1

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

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

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

Question

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

Answer

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Tags: Business, Ethics, Objectives
Level: Level 1

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

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

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

Question

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

Answer

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Tags: Agenda, Business, Latin, Terminology
Level: Level 1

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

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

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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

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

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

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

Identifying the correct statement about financial reports prepared by business entities.

Question

All business entities prepare financial statements at the end of each accounting period, usually every year. Which of the following statements in respect of the financial reports prepared by business entities is correct?
A. Limited liability companies are compelled by law to disclose their financial statements to the public.
B. Publicly quoted companies are compelled by law to disclose their financial statements to the public.
C. The financial statements of a sole trader are private and should be disclosed.
D. The financial statements of a business partnership are private and should be disclosed.
E. The financial statements of a business partnership are private and should be filed with a government agency.

Answer

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Tags: Business Entities, Disclosure, Financial Statements
Level: Level 1

Topic: Nature of Business, Types, and Objectives
Series: MAR/JULY 2020

BMF- May 2024 – L1 – SA – Q1 – Nature of Business, Types, and Objectives

Identifying the objective of a not-for-profit organization in terms of business management.

Question

Which of the following best describes the objective of a not-for-profit organization?
A. Maximizing benefits
B. Maximizing shareholders’ wealth
C. Earn a return for the owners
D. Increase in market value
E. Capital growth

Answer

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Tags: Business Management, Business Objectives, Not-for-Profit Organization
Level: Level 1

Topic: Nature of Business, Types, and Objectives
Series: MAY 2024

Topic: Nature of Business, Types, and Objectives

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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.

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

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

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

Identifies the inappropriate social objective for a business.

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

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

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

Identifying an alternative to shareholders' wealth maximisation.

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

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

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

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

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

Identifying the incorrect statement about objectives.

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

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

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

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

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

Identifying characteristics of a corporate mission statement.

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

Explain the term stakeholders in a business context.

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

Identifying the correct statement about financial reports prepared by business entities.

BMF- May 2024 – L1 – SA – Q1 – Nature of Business, Types, and Objectives

Identifying the objective of a not-for-profit organization in terms of business management.

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Topic: Nature of Business, Types, and Objectives

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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.

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

Identifies the inappropriate social objective for a business.

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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.

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

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

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

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

You're reporting an error for "BF – Nov 2015 – L1 – SB – Q1 – Nature of Business, Types, and Objectives"

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

Identifying the incorrect statement about objectives.

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

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

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

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

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

You're reporting an error for "BF – Nov 2015 – L1 – SA – Q1 – Nature of Business, Types, and Objectives"

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

Identifying characteristics of a corporate mission statement.

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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"

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

Identifying the correct statement about financial reports prepared by business entities.

You're reporting an error for "BMF – Mar July 2020 – L1 – SA – Q1 – Nature of Business, Types, and Objectives"

BMF- May 2024 – L1 – SA – Q1 – Nature of Business, Types, and Objectives

Identifying the objective of a not-for-profit organization in terms of business management.

You're reporting an error for "BMF- May 2024 – L1 – SA – Q1 – Nature of Business, Types, and Objectives"

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