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Business Management 2017 Part 2 Flashcards | StudBud
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Business Management 2017 Part 2
Business Management 2017 Part 2
60 terms
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Business management revision
Flashcards
60 cards
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Practice quiz
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Questions
60
Answers
1
Mgr makes the decisions alone, but explains the reasons to employees. Communication is one way
Participative Style
Persuasive Style
Consultative Style
Autocratic Style
2
Porter's Generic Strategies state that a business should focus on 1 of 2 areas which are:
Higher of Differentiation, Cost
Higher of Cost, Differentiation
Lower of Differentiation, Cost
Lower of cost, Differentation
3
The Process of setting objectives and determining how to accomplish them is:
Organising
Controlling
Leading
Planning
4
I Have an interest in the environmental activities of Telstra. I am a ......
Stakeholder
Customer
Employee
Shareholder
5
A Domestic Business strategy could be:
Removing an online presence
Austrade
Multiple Branding
Cost Cutting
6
Patterns of work that allow employees to balance work& personal responsibilities effectively is
Work life balance
Flexible working conditions
Industrial Democracy
Job Security
7
Going beyond the letter of the law in proving a safe workplace & comfortable conditions
Examples of Ethical HRM
Examples of Socially Responsible HRM
8
Choose an example of HR working towards achieving an org objective of improved customer service
Arranging sales training
Installing robots to answer calls
Updating the personal details of staff members
Advertising for a new cleaner
9
aN INTERViEW PANEL NEEDS TO BE AWARE OF:
Discrimination laws, Selection criteria for the position
Whether the applicants want a baby, Selection criteria
Who the applicant relatives are, selection criteria
Where the applicant went to school, Discrimination laws
10
An advantage of being an employer of choice is:
The ability to attract, motivate and hold talented employees
staff will choose your org to gain skills to take elsewhere
Staff will be attracted to the org due to easy conditions
11
Making decisions about an organisation's long-term goals, usually over 3 to 5 yerars
Darts
Day to Day planning
Strategic Planning
Tactical Planning
12
Th three phases of the Employment cycle are:
Establishment, Maintenance, Retrenchment
Induction, Appraisal, Dismissal
Establishment, Maintenance, Termination
13
Awareness of work-life balance issues so that workers can seek flexibility in their work
Example of Socially Responsible HRM
Example of Ehtical HRM
14
Two low risk strategies when managing change could be:
Threats, Delegation
Communication, Empowerment
Cooptation, Communication
Manipulation, Empowerment
15
Select the intrinsic motivator:
Commission
All of the above
Bonus
Promotion
16
Appropriate KPI's for Cost Cutting could be:
Customer Turnover, Rate of Sales
Rate of Accidents, Productivity Rate
Customer Complaints, Staff Satisfaction
Level of Expenses, Net Profit
17
A job description sets out:
The description that will be used to advertise the job
The qualifications, skills and personal qualities required.
The tasks that need to be completed in a job
18
Human Resource Management is the:
Advertising and recruiting employees
Management of employees
Effective Mgmt of the relationship b/w employer & employees
Management of Inputs, Processing, and Outputs
19
Mgr makes the final decision after gaining feedback from stakeholders, communication 2 way.
Participative Style
Consultative Style
Autocratic Style
Laissez-faire style
20
An employer of choice is
An employer who chooses their staff
An origination that is respected
An organisation that people want to work for
21
A business that is owned, managed and operated by the same person, with unlimited liability is
A Sole Trader
A Private Company
A Social Enterprise
A Partnership
22
Sets out the terms & conditions of employment at a business negotiated b/w union & management
Individual Contract
Award
Fair Work Commission
Enterprise Agreement
23
Which styles are characterised by 2 way communication
Autocratic, Consultative, Persuasive
Laissez-faire, Autocratic, Participative
Laissez-faire, Consultative, Participative
Laissez-faire, Consultative, Persuasive
24
Appropriate KPI's for Investing in Staff training could be:
Customer Turnover, Rate of Sales
Rate of Accidents, Productivity Rate
Level of Expenses, Triple Bottom Line
Customer Complaints, Staff Satisfaction
25
A Triple Bottom line approach relates to measuring performance based on which criteria?
Environmental, Economic, Social
Any criteria that fools investors
Social, Economic, Global
Environmental, Social, Economy
26
A Global Business Strategy could be:
Online presence
Branding
Multiple Franchising
Marketing dodgy products
27
Mgr makes all decisions alone, with centralised authority and one way communication
Participative Style
Consultative Style
Autocratic Style
Laissez-faire style
28
new competitors, substitutes, bargaining power of suppliers and consumers, competitive rivalry
Mr Wilson - making it up as he goes
Lewin - Force Field Analysis criteria
Senge - Learning Organisation criteria
Porter - competitive forces of the market
29
Paid as a percentage of a sale is a:
training
Commission
Promotion
Bonus
30
Achieving Maslow's need of a Sense of Belonging (level 3) can be achieved in the workplace by:
Interesting and Challenging work
Job Security
Earning a wage
Working in teams
31
The level of management responsible for organising rosters, stock levels, etc
Supervisory/Store level management
Customers
Middle management
Senior Management
32
Senge believes a leader in a Learning Organisation should be:
Strong, unwavering, inflexible
Designer, Owner, Faciliatator
Infantile, egocentric, bullying
Teacher, Steward, Designer
33
Planning for short term priorities and schedules to guide operational resource allocations
Middle management
Supervisory/Store level management
Senior Management
Customers
34
Choosing between alternatives after working through a process:
Autocratic Management
Performance Indicator
Decision Making
Planning
35
An example of a Government Business Enterprise is:
Medibank
Telstra
Dick Smith
Australia Post
36
Providing opportunities to learn new skills relates to:
4 Drive - Comprehend
4D- Acquiring
4D - Defend
4D - Bonding
37
A Position description sets out:
The description that will be used to advertise the job
The qualifications, skills and personal qualities required.
The tasks that need to be completed in a job
38
Planning that guides the implementation of goals in the strategic plan over the short term
Darts
Strategic Planning
Tactical Planning
Day to Day (Operational) planning
39
Recruiting on the basis of merit & dealing with disputes objectively & with fairness are:
Examples of Ethical HRM
Examples of Socially Responsible HRM
40
A high risk strategy when dealing with change could be:
Treating them like adults
Telling staff what's happening
Threatening Staff
Trusting Staff
41
Stresses the need for flexibility and the adaptation of management styles to suit the situation
Contingency Management theory
Autocratic Style
Time management
Participative Style
42
The idea that orgs are part of a larger society and are accountable for their actions
Management Ethics
Emotional Intelligence
Social Responsibilty
Autocratic Style
43
Business that has up to 50 shareholders, doesn't trade shares on the ASX, has limited liability
A Social Enterprise
A Private Comapny
A Government Business Enterprise
A Public Company
44
An Award is:
An extrinsic Motivator
The Minimum (legally binding) employment pay & conditions
Given to a staff member for working well
An incentive to perform better
45
A job specification sets out:
The description that will be used to advertise the job
The tasks that need to be completed in a job
The qualifications, skills and personal qualities required.
46
Management skill of guiding and motivating employees to meet an organisation's objectives is:
Planning
Controlling
Leading
Organising
47
Shared beliefs, values, practices, rewards and communication styles often indicate:
management style
Areas for improvement
An organisations Corporate Culture
Mission Statements
48
Mgr allows employees to take full responsibility for decisions, authority decentralised.
Consultative Style
Participative Style
Persuasive Style
Laissez-faire style
49
A successful induction program aims to:
Build confidence in new employees
All of the above
Quickly reach high levels of productivity
Awareness of safety an organisational policies
50
New ideas, different experiences & non-involvement in the existing culture is an advantage of:
Recruiting externally
Travelling the workld
Staying at home
Recruiting internally
51
Select the extrinsic motivator:
Promotion
training
Bonus
All of the above
52
A business that has 2 - 20 owners and has unlimited liability is:
A Partnership
A Public Company
A Government Business Enterprise
A Charity
53
Management treating all employees fairly and being seen to do so relates to:
4 Drive - Comprehend
4D- Acquiring
4D - Defend
4D - Bonding
54
Which of the following can be a form of Voluntary termination
Redundancy
Downsizing
Retrenchment
Dismissal
55
The process of allocating decision making power and authority to other staff members
Delegation
Planning
Negotiation
Buck Passing
56
A method of rewarding employees for the savings from productivity suggestions is:
Share Plans
Gainsharing
Bonus
Commissions
57
Stating the humans seek to climb a 5 step ladder of needs is a feature of:
Herzberg's motivation theory
Locke and Latham's motivation theory
Maslow's motivation theory
Four Drive Theory
58
The 4 Drive theory theory suggests:
Human's have evolved to pursuit 4 basic drives
Four drives motivate every behaviour of all animals
4WD's are inherently superior vehicles
59
Providing recognition for good employee performance relates to:
4D- Acquiring
4 Drive - Comprehend
4D - Defend
4D - Bonding
60
Internal Strengths (S) & weaknesses (W) and external opportunities (O) & Threats (T) are called
A SWOT analysis
A STOW analysis
A TOWS analysis
a WOTS analysis