Day: June 7, 2024

Accounting Multiple Choice Question – 7 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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For Alex Ltd, which of the following would be classified as secondary objectives?

Select ONE answer:

  1. The business’s mission statement
  2. The business’s market share target for next year
  3. The business’s financial objective of shareholder wealth maximisation
  4. The business’s vision

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 2

  1. Notcorrect
  2. Correct  –>  The mission statement and vision are general expressions of the business’s basic function and planned future status respectively, whilst shareholder wealth maximisation would rank as the primary objective of any organisation classified as a business.
  3. Not correct
  4. Not correct

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