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12 Business Revision Flashcards | StudBud
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12 Business Revision
12 Business Revision
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U4T2 and Intro Revision 2020
Flashcards
32 cards
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Practice quiz
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Host live
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Questions
32
Answers
1
Customers, Suppliers, Competition and Interest Groups are part of the
External Macro Business Environment
External Operating Business Environment
all of the above
Internal Business Environment
2
Leadership Styles: Autocratic can be described as the following
Manager does not care
Manager cares about your feelings
None of the above
Manager does not consult employees for input
3
Technological, economic, environmental and ethical are all examples of:
SWOT
PESTLE
PEST
STEEPLE
4
Intermission....
I find this funny
seen this 100 times already
5
Employees, Organisation Structure and Organisation Culture are part of the External Operating Environment
True
False
6
The impact of change on employees could include:
expansion through a merger
a need for upskilling
New roles for employees
departments that may be amalgamated
7
The 3 distinct business environments include
Internal, External Operating, External Macro
Internal Macro, External Operating, External Macro
Internal, External, Operating Macro
Internal, Internal Operating, External Macro
8
What is change management?
management of a transition from one state to another
changes in the external environment
changes in the internal environment
when leaders change something
9
Which of the following shows the stages of the business lifecycle in the correct order?
seed - growth - startup - maturity - post maturity
startup - seed - growth - maturity - post maturity
seed - startup - growth - maturity - post maturity
startup - seed - growth - post maturity - maturity
10
This stage of the business sees movement into either an established state or an expansion state
Startup
Growth
Maturity
Post Maturity
11
Which of these is the correct definition of a business?
An organisation which sells shares on the stock exchange
An organisation which produces goods and services
An organisation that sells shares to family and friends
A self-employed person
12
Which options correctly describe a 'stakeholder'
A person or group that owns a stake in the business
Anyone with an interest in a business and how it operates
13
Is he now denying he fell asleep?
no
hard to tell
yes
14
Leadership Styles: Democratic leadership can be defined as the following
Shares decision making and problem solving responsibilities
Very wishy washy
makes decisions then tells staff
Does not share information to staff
15
The internal environment does not include
Employees
Leadership
Owners
Customers
16
Random question....has Eli fallen asleep yet?
no
hard to tell
yes
17
Leadership Styles: Laissez-Faire leadership can be defined as the following:
Micromanager
None of the above
Who cares
Hands off
18
The operating environment does not include:
Customers
Competitors
Management
Suppliers
19
An outcome of performance management is redundancy (true or false)
False
True
20
What name is given to a business that is owned and controlled by one person?
Pty Ltd
Company
Sole Trader
Partnership
21
In this stage of the life cycle viability of the idea is established and product or service is ready to market and sell
Post Maturity
Seed
Growth
Startup
22
What name is given to a business who sells products to a business?
Distribution Centre
Logistics
Supplier
Manufacturer
23
Enforcing conformity through fear is which leadership strategy ?
Participation
Communication
Manipulation
Threat
24
What does POLC stand for?
Planning, Operational, Leaning, Controlling
Planning, Organising, Leading, Controlling
Planning, Organising, Leading, Creating
Planning, Operational, Leading, Controlling
25
The Impact of change on management could include:
new vision, new values, new entity
increased stability and steadiness within the organisation
a need for upskilling
the need for management style to change
26
This stage of the business is the very beginning of the business life cycle where it is just a thought or an idea.
Startup
Maturity
Seed
Growth
27
How many stages are involved when reviewing performance?
1
4
3
2
28
True or False: stakeholders can be internal and external.
False
True
29
How loud did Eli laugh at that last question?
OMG loud
very loud
they heard him in W Block
Extremely loud
30
Change refers to:
transformation during a business project stage
a stage of the business lifecycle
something that can happen in business
transformation of a business to remain competitive
31
There are four stages in the business lifecycle
False
True
32
Steady state, decline or renewal are all possibilities in this stage of the business life cycle
Post Maturity
Seed
Growth
Maturity
