Aims & Objectives

Question 0

Aims are best described as: long term or short term?

Answer 0

Long term

Question 1

A business’s “reason to exist” and it’s values and purpose are best described in its ……………….?

Answer 1

Mission Statement

Question 2

Objectives met should allow the business to achieve its Aims. These aims should be SMART? What do the 5 letters stand for?

Answer 2

Specific
Measurable
Agreed
Realistic
Time bonded

Question 3

SMART objectives are set for 2 main reasons

What are they?

Answer 3

To give a sense of direction

To be motivational, as targets are set.

Question 4

Stakeholders are defined as those people or organisations who have an ………

Answer 4

Interest in its success or failure

Question 5

Trade unions are stakeholders in most major organisations. Who do they represent and what do they hope to achieve?

Answer 5

Represent it’s members (employees) and try to improve pay & conditions.

Question 6

Why might the trade union clash with the management of a business?

Answer 6

Improved pay and conditions are likely to clash with the management’s profit objectives.

Question 7

Why are local residents considered stakeholders in Tomlinscote? Give 2 possible reasons.

Answer 7

Increased morning traffic or noisy kids
A good school will increase value of house
May be they are parents or students themselves

Question 8

Tommy the teacher should ensure that 75% of all students should do well this academic year?

Why is this objective not SMART?

Answer 8

The word “well” is not specific enough. They should be clearer as how “well” should be measured.