ATAR Business Year 12 Term 1

Question 1

A niche market has:

Accepted Answer

unique andopportunistic characteristics

Question 2

Diversification focuses on entering a new market with a new product or service

Accepted Answer

True

Question 3

Transactional leaders focus on rewards and punishment

Accepted Answer

True

Question 4

Key features of the internal environment include:

Accepted Answer

Owners, employees, culture, structure

Question 5

Efficiency is the ability to perform in the worst possible manner

Accepted Answer

False

Question 6

An intrapreneur takes:

Accepted Answer

Medium risks with lower rewards

Question 7

Evaluate mean to Make a decision and a recommendation about it.

Accepted Answer

True

Question 8

The steps of risk management are:

Accepted Answer

Identify, evaluate and understand the risk

Question 9

Synthesise means The ‘lightbulb’ moment: draw insightful conclusions about it.

Accepted Answer

True

Question 10

Macro factors relate to :

Accepted Answer

Wider external environment

Question 11

The 3 E's in STEEPLE stand for:

Accepted Answer

Economic, environmental, ethical

Question 12

The CV Explain means:

Accepted Answer

Make an idea or situation clearer by revealing relevant facts.

Question 13

When we analyse we Break down information in order to identify elements

Accepted Answer

True

Question 14

A SWOT analysis is only used in marketing

Accepted Answer

False

Question 15

Being an employer of choice means:

Accepted Answer

All of these

Question 16

A goal of the business in the maturity stage is :

Accepted Answer

All of these

Question 17

The key element of business is effective leadership and there is no ‘right’ way to lead

Accepted Answer

True

Question 18

The PPRR model is :

Accepted Answer

Prevention, Preparedness, Response and Recovery

Question 19

There are 3 broad HR strategies:

Accepted Answer

True

Question 20

Charismatic leaders encourage others through their personalities

Accepted Answer

True

Question 21

We evaluate against 5 criteria

Accepted Answer

False

Question 22

A mode of entry is :

Accepted Answer

a planned strategy process

Question 23

A growth strategy is designed to decrease the overall market share of a business

Accepted Answer

False

Question 24

7 main factors affect the macro environment...the acronym is :

Accepted Answer

STEEPLE

Question 25

An intrapreneur is an employee of the business

Accepted Answer

True

Question 26

Efficiency is the ability to perform in the worst possible manner

Accepted Answer

True

Question 27

Students are assessed on the business extract report:

Accepted Answer

True

Question 28

The S in STEEPLE stands for :

Accepted Answer

Socio-cultural

Question 29

Expansion strategies include:

Accepted Answer

Niche markets, innovation, R&D, emerging technologies

Question 30

Stake holder satisfaction means:

Accepted Answer

Consider and manage stake holder expectations

Question 31

A way to remember Describe is "This is what it is."

Accepted Answer

True

Question 32

An inclusive workplace ties in with diversity in the workplace

Accepted Answer

True

Question 33

The CV Describe means to 'Give an account (written or spoken)'

Accepted Answer

True

Question 34

Having diversity and inclusivity is :

Accepted Answer

a valuable human resources strategy

Question 35

Implications mean :

Accepted Answer

The conclusion that can be drawn from something

Question 36

In the maturity stage, the leader should :

Accepted Answer

foster intrapreneurship characteristics of employees

Question 37

The criteria we evaluate against :

Accepted Answer

All of these

Question 38

Contingency planning is known as PLAN B

Accepted Answer

True

Question 39

Mode of entry determines the delivery of a business’s products into a new market.

Accepted Answer

True

Question 40

A growth strategy is designed to increase the overall market share of a business

Accepted Answer

True

Question 41

A niche market refers to:

Accepted Answer

A small area of the market

Question 42

Diverse means ‘of various kinds or forms; different from each other'

Accepted Answer

True

Question 43

A sentence starter for Describe is The major characteristic is……….

Accepted Answer

True

Question 44

Strategy means by which a business sets out to achieve it’s goals/objectives

Accepted Answer

True

Question 45

A transformational leadership style means you lead by example

Accepted Answer

True

ATAR Business Year 12 Term 1

Questions 45

ATAR Business Year 12 Term 1

Questions 45