Day: June 8, 2024

Accounting Multiple Choice Question – 8 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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A big airline, Alex Planes plc has been drawing up a mission statement.

Which THRE of the following items would you expect to see in it?

A We will double profits in three years

B We will encourage meritocracy in the workplace

C We intend to be the best airline in the world

D We aim to give excellent customer service

E We intend to take over Lufthansa

F We intend to have a 30% market share on the London to New York route

Select ONE answer:

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

  1. Not correct
  2. Not correct
  3. Correct –>  A mission statement should answer the following fundamental questions: What is our business? What is our value to the customer? What do we want our business to become? What should our business be? (A) and (F) are numerical targets and more likely to be secondary objectives; (E) is a detailed tactic.
  4. Not correct

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