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VCE Business Management Unit 3 Foundations Flashcards | StudBud
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VCE Business Management Unit 3 Foundations
VCE Business Management Unit 3 Foundations
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#VCE #BusinessManagement #Unit3 #AOS1 #Foundations
Flashcards
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Questions
10
Answers
1
Which of the following business types has multiple owners and unlimited liability?
Private Limited Company
Public Listed Company
Sole trader
Partnership
2
Which of the following types of businesses is in the public sector?
Public Listed Company
Social enterprise
Government Business Enterprise
Private Limited Company
3
Which stakeholders are most likely to be in conflict over long term discounting of products?
Employees and customers
Community and customers
Community and shareholders
Customers and shareholders
4
This factor is not in the Study Design for selecting an appropriate management style?
Time
Money
Nature of task
Manager's preference
5
Which skill is
least
likely to be used in explaining a work task to subordinates?
Communicating
Delegating
Interpersonal
Decision-making
6
Official corporate culture is best described as:
Strict rules of behaviour
The preferred values stated by management
The actual values and beliefs of employees
The way employees interact
7
The area of responsibility called Operations involves:
Establishing prices
Producing goods
Training workers
Administering the system
8
Which of the following is an area of management responsibility?
Decision making
Participative
Planning
Finance
9
The first step in planning is:
Describing the situation
Defining the objective
Deciding on the cause of the problem
Developing a range of solutions
10
Which of the following involves two-way communication and the manager making the decision?
Laissez faire
Consultative
Persuasive
Participative
