Day: June 6, 2024

Accounting Multiple Choice Question – 6 June 2024

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

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The primary objective of Alex Cars Ltd is as follows:

‘We aim to become the fastest growing company with the highest profit margin in the global vehicle rental and leasing business’.

One of the secondary objectives management of Alex Cars Ltd has set to achieve this goal is:

‘To increase our market share for global family car rentals to 20% within three years .

Which THRE components of the company’s secondary objective are represented in the SMART acronym?

A  S

B  M

C  A

D  R

E  T

Select ONE answer:Profit-oriented organisation Non-profit oriented organisation

  1. A, B, C
  2. A, B, D
  3. A, D, E
  4. A, B, E

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 4

  1. Not correct
  2. Not correct
  3. Not correct
  4. Correct – The secondary objective is specific: market share is a manageable feature of the organisation; measurable: 20% is a quantifiable yardstick of attainment; time-bound: the deadline to complete the objective is within three years. There is no indication of factors that might indicate whether the secondary objective is either achievable or relevant.

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