Delegation is a process where

Authority for a task or decision is passed down

The persuasive management style is:

Where decision-making is centralised.

Ensuring that employees are treated fairly and ethically is:

A core aspect of corporate social responsibility

Have different and sometimes competing interests

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VCE Business Management

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Unit 3 revision

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Questions 21

Answers

1
Which of the following is NOT part of the Four Drive Theory
Drive to learn
Drive to succeed
Drive to bond
Drive to defend
2
Goods and services share the following similarity:
Utilise technology
Aim to provide a high-quality product
Deal with customers and suppliers
All of the above
3
A social enterprise:
exits to provide a product/service for the community
does not exist to earn revenue
aims to earn revenue which is reinvested into the business
B & C are correct
4
Which of the following training options is 'on-the-job' training?
Mentoring
E-training
Role plays
Attending a conference
5
The use of computers to control machinery, tools & equipment to produce goods is often called
FMS
CAM
CAD
CIM
6
Delegation is a process where
A subordinate is given responsibility
Feedback is passed up the hierarchy
Feedback is passed down the hierarchy of a business
Authority for a task or decision is passed down
7
Policies and practices that focus on an organisation's approach to the environment is called:
Purchasing policy
Triple bottom line reporting
Environment management system
Supply chain management
8
The persuasive management style is:
People orientated
Where decision-making is centralised.
Where communication is two way.
Where decision-making is decentralised.
9
Unskilled and lowly paid workers are most likely to be under
Australian workplace agreements
An Enterprise Agreement
An Award
An individual employment contract
10
Using Maslow's which strategy would satisfy employees' self-esteem needs:
Providing merit awards
Organising employee group activities
Allowing employees to participate in decision-making
Creating job security
11
The 360-degree feedback process is part of which Performance Management strategy?
Management by objectives
Employee observation
Self-evaluation
Appraisals
12
Banking is part of which industry sector?
Tertiary
Manufacturing
Primary
Secondary
13
Which assists with optimising materials management by calculating materials required?
MPS
Forecasting
JIT
MRP
14
Non-observable corporate culture includes:
Symbols, objects, appearances
Statements, slogans and logos used to promote the business.
Artefacts, including clearly visible language
Values and assumptions
15
A public company
Has no more than 50 shareholders
Sells its shares on the ASX
Sells its shares privately with the consent of shareholders
Has Pty Ltd at the end of its company name
16
The SMART principle is part of which motivation theory:
Four drive theory
Hierarchy of needs
Lawrence & Nohria's theory
Locke and Latham's theory
17
For an enterprise agreement by FWC it must meet the following criteria:
All of the above
BOOT test
Include a dispute resolution procedure
Include no unlawful terms
18
Ensuring that employees are treated fairly and ethically is:
A human resource issue
Not central to corporate social responsibility
A core aspect of corporate social responsibility
The responsibility of company management
19
Stakeholders
Have the same interests in an organisation
Have different and sometimes competing interests
Are drawn from the internal environment
Want to see the business succeed in the marketplace.
20
Workplace relations is a key responsibility of which functional area of the business?
Marketing
Finance
Operations
Human resources
21
A SWOT analysis is a tool used in
Communication
Delegating
Leading
Planning

VCE Business Management Flashcards | StudBud