Business and Technology Flashcard II

Front

Which TWO of the following are examples of connected stakeholders?
Manager and Supplier,
Customer and Supplier,
Executive Director and Employees,
Supplier and Creditor

Back

Customer and Supplier

Front

The overall average age of a population in a country is directly dependent on two demographic factors: birth rates and death rates. Assuming equal rates of change, will each of the following lead to an overall ageing of the population? Increasing death rate, decreasing birth rate; Decreasing death rate, increasing birth rate; Decreasing birth rate, decreasing death rate; Increasing birth rate, increasing death rate

Back

Decreasing birth rate, decreasing death rate

Front

Which of the following is the MAIN function of marketing? To maximise sales volume, To persuade potential consumers to convert latent demand into expenditure, To identify suitable outlets for goods and services supplied, To identify and anticipate customer needs

Back

To identify and anticipate customer needs

Front

Neill works as the procurement manager of JL Company, a large services company. Information provided by Neill is most relevant to which of the following elements of the marketing mix? Distribution (or place), Price, Processes, Physical evidence

Back

Price

Front

Which of the following is a potential ADVANTAGE of decentralisation? Consistency of decision-making across the organisation, More accountability at lower levels, Risk reduction in relation to operational decision-making

Back

More accountability at lower levels

Front

What is the primary responsibility of the external auditor?

Back

To ensure that the client's financial statements are reasonably accurate and free from bias

Front

The implementation of a budgetary control system in a large organisation would be the responsibility of the internal auditor.

Back

False

Front

What is necessary for a business organization to have in terms of structure?

Back

Structures such as departments, teams, and divisions

Front

In corporate governance, who is typically the principal?

Back

The shareholder

Front

Corporate governance is the set of processes and policies by which a company is directed, administered and controlled.

Back

True