Year 10 Business - Term 2

Question 1

Sponsoring a community event is an example of a business&#x27;s...

Accepted Answer

Social Goals

Question 2

Carroll's Pyramid of CSR is made of 4 levels. These are:

Accepted Answer

Economic, Legal, Ethical, Philanthropic

Question 3

Business objectives are...

Accepted Answer

Specific, measurable steps a business takes to achieve its business goals

Question 4

Social media can be a competitive advantage if it helps generate positive engagement with the business.

Accepted Answer

True

Question 5

Research & Development is:

Accepted Answer

All of the above

Question 6

Personal goals:

Accepted Answer

Are usually private, Often underpin whether a business is viable, Influence the way the business operates

Question 7

Managing a business in a socially responsible way can enhance it&#x27;s competitive advantage.

Accepted Answer

True

Question 8

Making a profit, increasing sales and market share, and expanding the business are examples of...

Accepted Answer

Financial Goals

Question 9

Entrepeneurial behaviours involve...

Accepted Answer

Being innovative and showing initiative

Question 10

Employees prefer to work for socially irresponsible businesses.

Accepted Answer

False

Question 11

Social Justice (a Social Goal) ensures all people are treated fairly and equally.

Accepted Answer

True

Question 12

Elon Musk, Jeff Bezos, Bill Gates & Mark Zuckerberg are not regarded as entrepreneurs because they don't work alone.

Accepted Answer

False

Question 13

A business goal is a broad statement about a business's future, defining the intended direction of the business.

Accepted Answer

True

Question 14

Innovation is a new idea, method, product, etc.

Accepted Answer

True

Question 15

CSR improves social wellbeing because:

Accepted Answer

The environment is protected, Customers are treated fairly

Question 16

R & D stands for Review & Development

Accepted Answer

False

Question 17

Common fields where R&D take place include:

Accepted Answer

Science, Medicine, Technology

Question 18

Research & Development in Australia is funded by both the public (government) and private (business) sectors.

Accepted Answer

True

Question 19

CSR stands for Corporate __________ Responsibility?

Accepted Answer

Social

Question 20

Businesses strive to achieve these 3 broad types of goal:

Accepted Answer

Financial, Social, Personal

Question 21

To innovate, a business might...

Accepted Answer

Create new products, processes and ideas, Approach existing products, processes, and ideas in new ways.

Question 22

Business Objectives:

Accepted Answer

Are written in a non-emotive, technical manner, Outline specific steps to be taken to achieve stated goals, Are Realistic & Attainable & have a Timeline to complete, Are Measurable & Quantifiable

Question 23

Business goals define the intended direction of the business.

Accepted Answer

True

Question 24

Developments in technology can help businesses by:

Accepted Answer

Improving the quality of their product, Increasing output and/or reducing production times

Question 25

Business Objectives are used to measure the degree of success - and the progress towards - business goals.

Accepted Answer

True

Question 26

Ecological Sustainability means taking care of and protecting the environment.

Accepted Answer

True

Question 27

A business goal describes what a business expects to accomplish over a set period.

Accepted Answer

True

Question 28

Business goals specify exactly how they will be attained.

Accepted Answer

False

Question 29

Develoments in technology:

Accepted Answer

Change the way businesses operate

Question 30

CSR means managing your business in a way that you can ignore your impact on the wider community.

Accepted Answer

False

Question 31

Examples of Competitive Advantage include:

Accepted Answer

Technological Developments including the use of Social Media, Corporate Social Responsibility, Cost Advantage, Innovation

Question 32

Philanthropy means:

Accepted Answer

Improving the quality of life in the community, Giving back to society

Year 10 Business - Term 2

Questions 32

Year 10 Business - Term 2

Questions 32