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Grade 10 Micro Environment Flashcards | StudBud
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Grade 10 Micro Environment
Grade 10 Micro Environment
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Flashcards
30 cards
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Questions
30
Answers
1
CBO's and NGO's are part of civil society.
True
False
2
The ____ environment refers to the external environment.
micro
macro
3
Suppliers are responsible for providing resources to a business.
False
True
4
Intermediaries use laws and rules to control the market environment.
True
False
5
The _______ department is responsible for the recruitment and training of new employees.
Human Resources
General Management
6
____ capital is money provided by a person to help a start-up business, in exchange for a a share in the business.
Adventure
Venture
7
The businesses resources include physical, human, financial and technological resources.
False
True
8
______ capital is used to purchase vehicles, property and machinery
Fixed
Working
9
The assessment to used for the Micro environment, is the ________
SWOT-analysis.
Porter's Five
10
Top management is responsible for making strategic decisions.
True
False
11
The abbreviation NGO stands for ______
New-Government Organization
Non-Government Organization.
12
An ____ is similar to a loan which must be paid back with higher interest.
underdraft
overdraft
13
The ____ is responsible for establishing good relations with consumers, suppliers and investors.
Purchasing Department
Public Relations
14
Lower management is responsible for making ______ decisions.
operational
strategic
15
______ fight for the rights of employees.
Trade Unions
Employer's organizations
16
The assessment tool used for the Macro Environment, is the _____
Porter's Five.
PESTLE.
17
_____ capital is used to pay for the daily operations of the business.
Working
Fixed
18
The ________ prevents businesses from taking advantage of customers.
National Credit Act (NCA)
Consumer Protection Act (CPA)
19
The vision of the business is the short-term dream for the business.
False
True
20
The micro environment refers to the internal environment of the business.
False
True
21
The _______ is reponsible for protecting the RIGHTS of consumers.
National Credit Act
Consumer Protection Act
22
Intermediaries bridge the gap between the business and consumer.
False
True
23
Strategic alliances are organizations or people who form partnerships to achieve a common goal.
True
False
24
____ are amounts provided by government to businesses.
Overdraft
Grants
25
Data refers to _____
raw numbers, names or statistics.
processed numbers, names or statistics.
26
A good manager must be a ___
role model, have listening & communication skills.
follow instructions from others.
27
The assesment tool used for the Market Environment, is ____
SWOT-analysis.
Porter's Five.
28
A manager sets the vision, sets aims and goals and a new vision.
False
True
29
The ____ environment refers to the internal environment, over which a business has full control.
micro
market
30
The abbreviation CBO stands for _______
Community Based Organization.
Colour Based Organization