The KPI of percentage of market share,indicates to the business it's performance regarding:

number of sales compared to competitors

For which situation is a laissez faire style most appropriate

Experienced and trustworthy staff

Which of the following does not fall under the management responsibility of human resources

Analysing the business' financial position

Which statement is correct

persuasive managers motivate by explain benefits of decision

Which of the following is not an example of corporate social responsibility

Complying with OH&S legislation

studbud

Business Management Unit 3 Area of Study 1 - Business Foundations

15 termsStudBud Administration2,458 plays

2017 business managment vce unit 3 outcome 1 area of study 1 business foundations

Flashcards15 cardsFPractice quizPHost liveL

Questions 15

Answers

1
The KPI of percentage of market share,indicates to the business it's performance regarding:
the amount of profit received
number of sales compared to competitors
the amount of waste they're producing
the happiness of staff
2
For which situation is a laissez faire style most appropriate
When there is a crisis that needs to be dealt with quickly
New and inexperienced staff
Setting up a new business
Experienced and trustworthy staff
3
Which of the following is an incorrect list of Macro environment factors
Environmental, political, legal
Social, Technological, Political
Politcal, Legal, Social
Political, Customers, Social
4
Which of the following does not fall under the management responsibility of human resources
improving motivation of employees
Analysing the business' financial position
training employees
evaluating employee performance against objectives
5
This means the business owner is personally responsible for all debts of the business
incorporation
limited liability
unlimited liability
triple bottom line
6
Which statement is correct
persuasive managers never give reasons for their decisions
persuasive managers use delegation regularly
Persuasive managers allow employees to make decisions
persuasive managers motivate by explain benefits of decision
7
a type of planning for 2-5 years in the future.
operational planning
conditional planning
medium term planning
strategic planning
8
ability to transfer authority & responsibility from manager to employee to carry out activities
Delegation
Planning
Communication
Autocratic
9
Which of the following is not a characterstic of an autocratic style
Centralised decision making
motivate through threat and disciplinary action
little to no employee input
two-way communication
10
Which of the following key performance indicators is worded incorrectly
Percentage of marketshare
Number of sales
Profit
Level of staff turnover
11
Which of the following is not a management skill
Planning
Leading
Consultative
Interpersonal
12
revenue is the money left over after expenses are paid
True
False
13
Which of the following is not a management style
Participative
Consultative
Persuasive
Authorative
14
This refers to how well a business uses it's resources to achieve objectives
customer satisfaction
staff satisfaction
efficiency
effectiveness
15
Which of the following is not an example of corporate social responsibility
Using energy saving practices
Complying with OH&S legislation
Providing flexible working arrangements for staff
Sourcing resources from local suppliers

Business Management Unit 3 Area of Study 1 - Business Foundations Flashcards | StudBud