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AICE Business Review Flashcards | StudBud
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AICE Business Review
AICE Business Review
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A #ciebusASexam
Flashcards
15 cards
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Practice quiz
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Questions
15
Answers
1
What is a public sector enterprise
org. accountable to & controlled by central or local govt.
bus. controlled by one person
small to med.-sized business owned by shareholders
businesses owned and controlled by ind. or groups of ind.
2
What is a public-limited company
All are correct
usually large company with limited liability
legal rights to sell shares to the general public
share prices are usually quoted on a national stock exchange
3
Who are stakeholders in a business
Employees
Shareholders
Community
All of the answers are correct
4
Managers to understand their emotions, & of the people they work with for better bus. results
Democratic Leadership
Informal Leadership
Emotional Intelligence
Paternalistic Leadership
5
What is a public corporation?
A business that is socially conscientious
A business owned & controlled by shareholders
A business owned by employees of a public corporation
A business owned & controlled by the state
6
What is limited liability
bus. formed by two or more people to carry on bus. together
only liability of shareholder is $$ invested in bus.
economic resources are owned , planned & controlled by state
All of the answers are correct
7
Businesses should consider the interest of society in their activities beyond legal obligations
Corporate social responsibility
Board of Directors
Corporate aims
Mission statement
8
Entrepreneur
All of the answers are correct
ind. who are creative
ind. who takes fin. risk of starting & managing a business
individual who is energetic, creative and a visionary
9
Leadership style that promotes the active participation of workers in taking decisions
Laissez-faire Leadership
Autocratic Leadership
Paternalistic Leadership
Democratic Leadership
10
What is market size
none of the answers
value of inventory
Volume of sales
% of overall market a business has
11
What is the triple bottom line
3 obj. of social enter. economic, social & environmental
objective of a private limited company
none of the answers
mainly social business objectives
12
Which of the following can be considered a marketing objective:
re-brand the product
All answers are correct
develop new markets
re-launch the new product
13
An intro training program to assist new employees to settle in and feel comfortable in new job
Induction Training
Introduction Training
Newly hired training
Beginning Employee Program
14
A legal document that sets out the terms and conditions governing a worker's job
Training
Recruitment
Employment Contract
Labor turnover
15
Internal & external factors that stimulate people to take actions that lead to achieving a goal
Hygiene factors
Self-actualization
Motivation
Leadership
