Business Management Unit 3 Area of Study 1 - Business Foundations

Question 1

sleeping(silent) partners contribute financially to the business but take no part in running it

Accepted Answer

true

Question 2

A supervisor wants to have regular weekly production meetings

Accepted Answer

Operational

Question 3

which of the following is not an advantage of Sole traders?

Accepted Answer

limited liability for business debts

Question 4

Which of the following is not a management skill?

Accepted Answer

Controlling

Question 5

--------- is the process of defining objectives and determining strategies to achieve them.

Accepted Answer

planning

Question 6

which of the following is a disadvantage of Government Business Enterprises?

Accepted Answer

Political interference in the day to day operations.

Question 7

which of the following is not an operations strategy?

Accepted Answer

cash control

Question 8

Which statement is correct?

Accepted Answer

persuasive managers motivate

Question 9

Which of the following is not a characteristic of an autocratic management style?

Accepted Answer

two way communication

Question 10

Which of the following is not a characteristic of large businesses?

Accepted Answer

most common legal structure is sole trader

Question 11

This refers to how well a business uses its resources to achieve objectives.

Accepted Answer

efficiency

Question 12

The KPI of percentage of market share indicates to the business its performance regarding:

Accepted Answer

% of sales compared to competitors

Question 13

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

Accepted Answer

Analysing the business' financial position

Question 14

What is the similarity of Persuasive and Consultative management styles?

Accepted Answer

centralised decision making

Question 15

Which of the key performance indicators worded incorrectly?

Accepted Answer

Profit

Question 16

Which of the following is not a form of written communication?

Accepted Answer

meetings

Question 17

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

Accepted Answer

Complying with OH&S legislation

Question 18

which of the following is not a management style?

Accepted Answer

Functional

Question 19

this means the business owner is personally responsible for all debts of the business.

Accepted Answer

unlimited liability

Question 20

Which of the following is not from the macro environment?

Accepted Answer

Employees

Question 21

Which of the following is one of the advantages of Autocratic management style?

Accepted Answer

Decision making is immediate and clear.

Question 22

A type of planning for 2-5 years in the future

Accepted Answer

strategic

Question 23

For which situation autocratic management style is most appropriate?

Accepted Answer

calling all faulty products back

Question 24

For which situation is a laissez faire style most appropriate?

Accepted Answer

experienced and trustworthy staff

Question 25

Which of the following is not a disadvantage of incorporation?

Accepted Answer

limited liability

Question 26

Which of the following are the external factors of the SWOT analysis?

Accepted Answer

opportunities and threats

Question 27

which of the following is not a characteristic of a transformational leader?

Accepted Answer

likes authority

Question 28

Which of the following is not a feature of persuasive management style?

Accepted Answer

manager and employees make decision together

Question 29

Which of the following is not a phase of employment cycle?

Accepted Answer

retirement phase

Question 30

operational planning does not involve

Accepted Answer

what the business wants to achieve inrelation to competitors

Question 31

Ability to transfer authority&responsibility from manager to employee to carry out activities.

Accepted Answer

Delegation

Question 32

Revenue is the money left over after expenses are paid.

Accepted Answer

False

Question 33

which of the following is not a common business objective?

Accepted Answer

to pay tax to the government

Question 34

Which skill is not required for an Autocratic manager?

Accepted Answer

interpersonal

Question 35

which of the following is not a management responsibility?

Accepted Answer

Corporate Social Responsibility

Question 36

Which of the following is not an element of corporate culture?

Accepted Answer

shareholders

Question 37

Which of the following is not one of the planning steps?

Accepted Answer

Motivate employees

Question 38

A GBE decides to undertake planning to fully privatise during the next 4 years

Accepted Answer

Strategic planning

Business Management Unit 3 Area of Study 1 - Business Foundations

Questions 38

Business Management Unit 3 Area of Study 1 - Business Foundations

Questions 38