Persuasive managment style is when

A manager makes a decision but communicates why that decision was made.

Consumer confidence is

The optimism that consumers feel about the overall state of the economy

Foreign direct investment is

When a nations organisations buy another nations organisations

What is one likely business objective of a government business enterprise?

To make a profit and return value to shareholders

A laissez-faire management style is a 'hands off' management style. The limitation of this is that:

the focus on meeting business objectives can be easily forgotten.

A good or service that isdesirable

The measurable amount pricesrise over a period.

Amount of a product that someone is willing and able to pay

Material living standards include

Possessions, items andresources.

Participative management style is when

◦Managerretains responsibility an accountability

Corporate social responsibility is

When a company acknowledges they have a economic and social responsibility

Contingency management theory (sometimes referred to as situational management) refers to:

being flexible and adopting a management style to suit the situation.

Select the statement which outlines the advantage of a business having a private limited company structure.

This type of business can attract finance but still retain control.

The autocratic style of management can be effective when:

individuals lack skills and knowledge.

1. Which of these bests defines buy now pay later products?

An organizationbuys the product on your behalf and you pay them back

Portfolio investment is when

When an organisation buys below a controlling share of another.

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Questions 30

Answers

1
1. The Consumer Price Index (CPI) measures:
the unemployment rate.
GDP
A. consumer satisfaction.
Inflation
2
Which is the best description of innovation.
When you create something new to sell.
When you find a new niche to sell in
All of the above.
When you reinvent a product for the new world.
3
What happens when the Supply is low and the demand is high?
The price increaces
The price decreases
4
Persuasive managment style is when
managers seek input from their staff before making a decision
There is high employee independence
A manager makes a decision but communicates why that decision was made.
Skills used to interact and communicate with other people
5
Consumer confidence is
How confident consumers arethat there will be a recession.
The optimism that consumers feel about the overall state of the economy
How unhappy people feel abouttheir current financial situation.
How optimistic businesses feelthat they will have more consumers.
6
Foreign direct investment is
When a nations organisations buy another nations organisations
When a nations organisations buy a share in another nations organisations
7
Out of the following which best describes why Australia could be considered the lucky country?
All the above.
Because Australians can expect a high life expectancy.
Because it has large amountsof natural resources
Because Australia has experienced very littlepolitical problems.
8
What is one likely business objective of a government business enterprise?
To focus on waste minimisation and recycling
To provide opportunities for local unemployed people
To become the nation's largest employer
To make a profit and return value to shareholders
9
A laissez-faire management style is a 'hands off' management style. The limitation of this is that:
employees have a sense of ownership.
communication is completely open.
there is encouragement of creativity.
the focus on meeting business objectives can be easily forgotten.
10
A want is
Food to a starving man.
Something we required to survive.
A parachute for a sky diver.
A good or service that isdesirable
11
Scarcity is the difference between demand and supply
False
True
12
1. The Australian state government is responsible for
Health services.
Waste management
Defence spending.
Tariffing imported goods
13
Gold is used to back the Australian dollar?
True
False
14
Government business enterprises
Still seek to make a profit
Are owned by the private sector
Are social enterprises
Are Sole traders
15
Inflation is
The market balance of a loafof bread.
The period it takes for pricesto rise.
The measurable amount pricesrise over a period.
The decrease of prices of aperiod.
16
What is Demand?
The amount of resources supplied
An order
A problem of society
Amount of a product that someone is willing and able to pay
17
Material living standards include
Religious freedom and electricity.
House, car and freedom ofspeech.
Physical resources and freeelections.
Possessions, items andresources.
18
Participative management style is when
Considers managers personality, corporate culture, relevant constraints,
◦Managers are “hands off” and allow othergroup member to make decisions
◦Managerretains responsibility an accountability
Authorityis still centralised, but workers are considered.
19
Private companies are:
Companies owned by the soviets
Companies that don't advertise.
Arenot owned by governments
Own buy the government.
20
Experienced employees may work best under which management style?
Participative
Laissez-faire
Autocratic
Persuasive
21
Interpersonal skills are
where a manager convinces employees to undertake certain actions.
◦Passingtasks and authority down from management to employee.
In three levels (Strategic, Tactical and Operational)
Culture building
22
Corporate social responsibility is
When a company acknowledges they have a economic responsibility
When a company bribes politicians
When a company acknowledges they have a economic and social responsibility
When a company seeks to take over the market
23
Contingency management theory (sometimes referred to as situational management) refers to:
keeping the same management style.
All of the above
being flexible and adopting a management style to suit the situation.
choosing the style that employees want.
24
Select the statement which outlines the advantage of a business having a private limited company structure.
The business is owned and run by one person.
The business can sell shares on the Australian Securities Exchange (ASX).
This type of business can attract finance but still retain control.
All of the above
25
The autocratic style of management can be effective when:
employee input is needed.
individuals lack skills and knowledge.
workers are demotivated.
the business has a lot of time to make a decision.
26
1. Which of these bests defines buy now pay later products?
An organization manages supply ensuring the highest return investment
Long term property loan.
Large interest rates.
An organizationbuys the product on your behalf and you pay them back
27
A partnership includes
being own by the government.
A single owner
Being listed on the stockexchange
2-20 owners
28
What happens when the supply is high and the demand is low?
The Prices tend to fall
You have the equlibram
The Prices tend to increase
Prices go crazy and have a party
29
Autocratic management style has
Three way communication
One way communication.
Managers who do not like to control.
Lots of conversation
30
Portfolio investment is when
An organisation buys a controlling share in another organisation
When an organisation buys below a controlling share of another.

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