Which one of these is not likely to be a suitable objective for business in the private sector?

Increase employment in departments that are making a loss

Which of the following is NOT a reason for a sole trader taking partners into a business?

To gain limited liability for all owners

In which situation is an effective manager most likely to use a laissez-faire management style?

Employees are skilled and motivated

Which one of the following questions is most likely to lead to qualitative results?

What motivated you to join a gym?

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A-LEVEL BUSINESS QUIZ

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Questions 14

Answers

1
Subway's use of fresh ingredients in their sandwiches is an example of?
Contribution
Qualitative research
Adding value
Trade credit
2
Which one of these is not likely to be a suitable objective for business in the private sector?
Maintain profitability while being socially responsible
Raise returns to shareholders by 15% within 3 years
Increase employment in departments that are making a loss
Increase market share in all major markets within 2 years
3
Which of these stakeholders is most likely to check company accounts to determine liquidity?
Government
Shareholders
Local Community
Suppliers
4
Which of the following is NOT a reason for a sole trader taking partners into a business?
To increase capital available for expansion
To increase the expertise available to the business
To share management functions
To gain limited liability for all owners
5
An organization's external environment consists of the general or macro environment and?
The internal environment
The competitive environment
The micro-environment
The specific environment
6
In which situation is an effective manager most likely to use a laissez-faire management style?
Employees are being made redundant
Employees are threatening industrial action
Employees need greater training
Employees are skilled and motivated
7
Which of the following activities is most likely to be a leadership activity?
Coping with organizational complexity
Formulating strategy
Planning and budgeting
Problem solving to ensure strategy is implemented
8
The business opportunity pursued by H&M through David Beckham is called?
Market mapping
Test-marketing
Market differentiation
Trade off
9
What decision-making condition must exist in order for the decision tree to be a valuable tool?
Certainty
Risk
Uncertainty
All of the above
10
Which leadership style suggests that leaders should adapt their style to circumstances?
Democratic
Autocratic
Paternalistic
Situational
11
The statement of an organisation's purpose can be found in the organisation's?
Vision Statment
Aims
Objectives
Mission Statement
12
Which one of the following questions is most likely to lead to qualitative results?
What motivated you to join a gym?
How long have you been a member of a gym?
How often do you visit a gym?
What price are you currently paying for gym membership?
13
Delegation is most likely to result in?
a centralised organisational structure
empowerment of employees
workers lower down the hierarchy making fewer decisions
closer supervision of the workforce
14
Sources of primary research data for a company might include all of the following, except?
loyalty card application forms
observations
market intelligence reports
product trials

A-LEVEL BUSINESS QUIZ Flashcards | StudBud