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Business Goals and Objectives Quiz

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Questions and Answers

What is the primary goal for business owners when they invest their own money to create a new business?

To earn adequate profits as a reward for their efforts (correct)

To gain control and decision-making power over the company

To contribute to the overall economic growth of the region

To provide employment opportunities for the local community

Which of the following is NOT considered a key stakeholder in a business?

Creditors

Employees

Suppliers

Regulators (correct)

What is the primary role of business creditors in relation to the company?

To purchase the goods or services offered by the company

To ensure the availability of necessary resources and materials for production

To provide strategic guidance and oversight

To expect repayment of loans or services provided on credit within an agreed timeframe (correct)

How do employees contribute to the success and functionality of a business?

By executing company objectives, delivering products/services, and maintaining productivity Signup and view all the answers

What is the primary contribution of suppliers to a business?

Providing goods or services necessary for the business's operations Signup and view all the answers

Which aspect of the business environment does NOT require constant monitoring by entrepreneurs and managers?

Regulatory environment Signup and view all the answers

What is the primary goal of a business?

To serve the needs of consumers and make profits Signup and view all the answers

Which of the following is NOT considered a factor of production?

Advertising Signup and view all the answers

Which of the following is an example of a natural resource?

Coal deposits Signup and view all the answers

What is the role of entrepreneurship in a business?

Identifying business opportunities and taking risks Signup and view all the answers

What is the primary source of capital for a business?

Investments from owners or shareholders Signup and view all the answers

Which of the following is NOT a characteristic of human resources?

Ownership of machinery and equipment Signup and view all the answers

Business Goals and Objectives Quiz

Choose a study mode

Podcast

Questions and Answers

What is the primary goal for business owners when they invest their own money to create a new business?

Which of the following is NOT considered a key stakeholder in a business?

What is the primary role of business creditors in relation to the company?

How do employees contribute to the success and functionality of a business?

What is the primary contribution of suppliers to a business?

Which aspect of the business environment does NOT require constant monitoring by entrepreneurs and managers?

What is the primary goal of a business?

Which of the following is NOT considered a factor of production?

Which of the following is an example of a natural resource?

What is the role of entrepreneurship in a business?

What is the primary source of capital for a business?

Which of the following is NOT a characteristic of human resources?

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