11 BST EoC Exam Revision

A private manufacturing company wishes to raise money from the sharemarket. What is this process known as?

• Floating

• Privatising

• Incorporation

• Commercialising

A business is advertising for a full-time supervisor who has strong communication skills and works well with others. Which skills is that company looking for in an applicant?

• Visionary skills

• Flexibility

• Interpersonal skills

• Strategic thinking skills

Which term describes the use of the internet in the marketing function of a business?

• e-commerce

• distribution

• market research

• market distribution

Which of the following business structures has unlimited liability?

• Sole trader

• Private company

• Public company

• Government enterprise

Mia decided to start her own catering business. She aims to target both homes and corporate enterprises. In which industry would Mia be operating?

• Primary

• Secondary

• Quaternary

• Quinary

Which of the following is a social goal for a business?

• To provide employment

• To control a larger share of the total market

• To satisfy shareholders need for return on their invesment

• To be seen as community as environmentally friendly

There has been a growing pressure from businesses to provide family-friendly policies that allow employees to balance work and family commitments more effectively. This is an example of which influence?

• Economic

• Financial

• Geographical

• Social

A company that specialises in hand made chocolate has a team of people that personally inspect all chocolates at various points before they are sold. Which of the following describes this process?

• Benchmarking

• Quality control

• Quality assurance

• Total Quality Improvement

Sam wants to measure his employee's productivity levels. What is e measuring?

• Ability of staff to make decisions

• Ability of staff to process directions

• The output to input ratio of production

• How much an employee can produce in a set period of time

In Australia, full-time employees are entitled to 12 months unpaid maternity leave and 10 days paid personal/carer's leave. What ist the legal basis for these entitlements?

• Collective agreements

• Enterprise agreements

• Individual employment standards

• National Employment Standards (NES)