Lesson 2.1.1

2.1.1 Different stakeholder and business objectives Quiz: OCR Business, Unit 2

20 questions

Written by Revision Ninja · Last reviewed 11 October 2026

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Lesson 2.1.1, Different stakeholder and business objectives: 20 multiple choice questions for the OCR Business (H431), Unit 2: Business objectives and strategy, written with Revision Ninja.

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The 20 questions

  1. Which term describes stakeholders located within the business organisation itself?

    • Connected stakeholders
    • External stakeholders
    • Primary stakeholders
    • Internal stakeholders

  2. What two dimensions are used in Mendelow’s matrix to map stakeholders?

    • Interest and profit
    • Power and influence
    • Size and influence
    • Power and interest

  3. According to Mendelow's matrix, how should high power and high interest stakeholders be managed?

    • Keep satisfied
    • Key players
    • Keep informed
    • Minimal effort

  4. What is the recommended strategy for stakeholders with low power but high interest?

    • Key players
    • Minimal effort
    • Keep informed
    • Keep satisfied

  5. How should stakeholders with high power but low interest be managed under Mendelow’s matrix?

    • Minimal effort
    • Key players
    • Keep informed
    • Keep satisfied

  6. Which objective involves making just enough profit to satisfy owners while pursuing other goals?

    • Profit maximisation
    • Profit satisficing
    • Cost minimisation
    • Sales maximisation

  7. At what point is economic profit maximised for a business?

    • MR equals MC
    • AR equals AC
    • TR equals TC
    • MR equals zero

  8. What does the 'S' represent in the SMART objective-setting framework?

    • Systematic
    • Sustainable
    • Strategic
    • Specific

  9. A firm committing to donate part of its profits to local community projects is pursuing which objective?

    • Corporate social responsibility
    • Sales revenue maximisation
    • Profit maximisation
    • Market penetration

  10. Shareholders demanding higher dividends while workers demand wage increases is an example of what?

    • Business integration
    • Stakeholder conflict
    • Stakeholder mapping
    • Corporate governance

  11. A new business operating during a major economic recession is most likely prioritizing which short-term objective?

    • Survival
    • Market leadership
    • Diversification
    • Profit maximisation

  12. Which level of objectives sets the overall targets for the entire business organisation?

    • Corporate objectives
    • Functional objectives
    • Operational objectives
    • Departmental objectives

  13. "Increase UK sales by 10% by December 2025" is an example of what type of objective?

    • Unquantifiable target
    • Mission statement
    • Vision statement
    • SMART objective

  14. What type of stakeholder is the UK water regulatory body Ofwat to a water company?

    • Managerial stakeholder
    • Internal stakeholder
    • External stakeholder
    • Primary stakeholder

  15. Selling as many units as possible without making a financial loss describes which objective?

    • Asset stripping
    • Profit satisficing
    • Profit maximisation
    • Sales volume maximisation

  16. Installing expensive solar panels to cut emissions in the short term creates a conflict between profit and what?

    • Liquidity ratios
    • Growth objectives
    • Environmental objectives
    • Sales targets

  17. Which business statement explicitly outlines an organisation's core purpose, values, and primary aims?

    • Mission statement
    • Business plan
    • Articles of association
    • Memorandum of association

  18. A firm that has achieved dominant market share is most likely to shift focus towards which objective?

    • Business survival
    • Market penetration
    • Profit maximisation
    • Retrenchment

  19. A major institutional shareholder owning 20% of shares fits into which Mendelow category?

    • Keep satisfied
    • Minimal effort
    • Keep informed
    • Key players

  20. What is the main risk when departmental objectives do not align with corporate objectives?

    • Profit maximisation
    • Stakeholder synergy
    • Strategic drift
    • Economies of scale

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