Positive contributions made by LSOs to the economy do not include:

their imports improve the balance of payments

Charities and foundations differ from companies and government business enterprises as they

Do not have profit as their key aim

When writing a response, you must ALWAYS...

Determine which area of key knowledge to write about

A key similarity between a government department and a company is that

Both produce goods and/or services

It is often more expensive for LSOs to produce goods and services because of their size.

False - they can achieve economies of scale

The business environment is divided into sections known as:

the macro, operating and internal sections

The Balance of Payments (BOP) is

the difference between exports and imports of a country

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Large Scale Organisations in Context - Revision 2

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Questions 17

Answers

1
Positive contributions made by LSOs to the economy do not include:
they contribute to the growth of infastructure
they contribute to research and development
they provide employment
their imports improve the balance of payments
2
Managing employee issues appropriately including hiring and training of staff falls under
the Operations function
the Human Resources function
the Finance function
the Marketing function
3
A factor from the macro environment is
Employees
Competitors
Shareholders
Economic conditions
4
Managing the production of goods and services including stock levels and schedules falls under
the Finance function
the Operations function
the Marketing function
the Human Resources function
5
Charities and foundations differ from companies and government business enterprises as they
Are not controlled by a board
Do not have profit as their key aim
Only they can have social objectives
Do not offer a product or service
6
Operations, Human Resources, and Sales & Marketing are known as
Management Contexts
Management Characteristics
Management Options
Management Functions
7
When writing a response, you must ALWAYS...
Define all terms in the question
Write at least 4 lines per mark
Use the entire writing time to work on it
Determine which area of key knowledge to write about
8
The performance area of staff satisfaction and well being would best be measured by
net profit figures
a survey
level of staff turnover
percentage of market share
9
GDP stands for
Gross Disgusting People
Gross Domestic Product
Good deals on products
Green Developed Products
10
Which key skill means to choose a concept from several possibilities & define it?
Identify
Define
Justify
Describe
11
A common characteristic of a large scale organisation is
Assets in the hundreds
Operations in multiple nations
Revenue in the millions
A local focus
12
A key similarity between a government department and a company is that
Both are owned by shareholders
Both have profit as their key objective
Both produce goods and/or services
Both are controlled by a board of directors
13
It is often more expensive for LSOs to produce goods and services because of their size.
False - they get tax concessions
False - they can achieve economies of scale
True - Their labour costs are very high
True - they have to make more products/services
14
The business environment is divided into sections known as:
the macro, operating and internal sections
the macro, micro and nano sections
The public and private sectors
the primary, secondary and tertiary sections
15
The Balance of Payments (BOP) is
the difference between exports and imports of a country
a method used to stack money by tellers working in banks
an amount owing after deducting purchases from sales
wages that have not been paid and are owing
16
Two stakeholder groups likely to have clashing views on a decision on increasing wages are
unions and employees
suppliers and employees
shareholders and unions
shareholders and customers
17
What does the skill 'Compare' require?
similarities & differences
advantages of a concept
2 sides to an argument
difference between 2 concepts

Large Scale Organisations in Context - Revision 2 Flashcards | StudBud