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Business Management Flashcards | StudBud
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Business Management
Business Management
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#Business #high school #year 11
Flashcards
20 cards
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Practice quiz
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Questions
20
Answers
1
The business's share of the total industry sales for a particular product is known as
Liquidity
Market Share
Profitability
Share Growth
2
what of the following is not a social function of business
Innovation
Choice
Wealth
Quality of Life
3
The stages of growth and development of business is known as the
Management Strategy
Corporate Reflex
Business Lifecycle
Corporate Ladder
4
A good or service that can be bought or sold is known as a
product
Instrument
service
Supplier
5
A fixed amount of money paid on a regular basis to a permanent employee is known as a
Dividend
Wage
Salary
Commission
6
what are the key business functions
product, price, place & promotion
location, management, business-culture & resource management
operations, marketing, finance & human resources
7
3. While working on a challenge as a team, it is important to?
Finish the task as quickly as possible.
Bring all senses to the task.
Jockey for power.
Get the best teammates.
8
The good/service the business produces is an example of what internal influence?
Business culture
Products
Management
Resources
9
Money a business receives as payment for its products is known as
Payables
Commission
Revenue
Charity
10
Why might a business choose to outsource to a contractor?
Cost-saving
All of the above
Skills
Knowledge
11
Which of the following is an external factor that may contribute to the failure of a business?
Poor management
Marketing strategies
Change in consumer demand
Staff absenteeism
12
which management approach focuses on human relations and employee well-being
behavioural
classical
contingency
13
which of the following choices could be classed at a social goal
to improve training for employees
to sponsor a local football team
to provide shareholders with increased returns
to increase market share by 30%
14
which of the following doesn't relate to Business ethics
Financial procedures
Pricing processes and policies
Government laws
Treatment of employees
15
what of the following is a management skill
being organised
looking good
married
healthy life style
16
inorder for all the key business functions to be effective they must
work together
look good
be nice
17
Money coming into a business and moving out of it is known as
Hibernation
Profit
Cash Flow
Production
18
Analyzing information & making decisions is what management function?
implementing
organizing
none of these
planning
19
how many key business functions are there?
4
5
6
3
20
what is another word for operations
process
supply chain
manufacturing
