Unit 100

Question 0

Theories which suggest that businesses have multiple aims set by their main stakeholders

Answer 0

Behavioral theories of the firm

Question 1

The intention or purpose of a business; what a business is ultimately striving to achieve

Answer 1

Aim

Question 2

Theories which suggest that businesses are controlled by managers who run them for their own benefit subject to the need to make enough profit to satisfy shareholders (profit satisfying)

Answer 2

Managerial theories of the firm

Question 3

Earning the highest possible over a period pf time

Answer 3

Profit maximization

Question 4

Making enough profit to satisfy the needs of shareholders whilst pursuing at least one other aim such as rewarding managers and directors

Answer 4

Profit satisfying

Question 5

Earning the highest possible revenue over a period of time

Answer 5

Sales revenue maximization

Question 6

The value of a company to its owners over a period of time as measured by a combination of the size of tia dividend payments and the rise in its share price

Answer 6

Shareholder value

Question 7

A statement about the purpose and values of an organization, outlining what it would like to be in an ideal word

Answer 7

Vision statement