Management of Business Unit 1(sixth week test)

In which of the following levels of production would bottling water fall?

• Primary

• Tertiary

• Secondary

• Subsistence

One function of a public limited company is that

• the shares are traded on the stock exchange

• all transactions are made public to the citizen

• all transactions are kept private from the citizen

• the owners of the factors of production keep the information

A public limited company may decide to go private in order to

I. regain control of the business

II.eliminate the threat of takeover

III. raise additional finance to purchase new equipment

• I and II only

• I and III only

• II and III only

• I, II and III

Which of the following is the lowest in the hierarchy of objectives?

• Tactical

• Strategic

• Corporate

• Decisional/ Operational

Which of the following best explains unemployment to a country?

• A high efficient workforce

• An increased in foreign reserves

• Reduced demand for goods and services

• Increased costs for trade unions

One advantage of Nationalization to a country is

• a more efficient public sector

• greater profits to the business

• better regulation of businesses

• greater emphasis on social development.

A firm offering management services to its customers would be regarded as what level of business activity?

• Primary

• Tertiary

• Temporary

• Secondary

Which of the following would NOT be regarded as a private- sector organisation?

• Franchise

• Public limited company

• Public corporation

• Partnership

ALL of the following EXCEPT one outline the importance of objectives. Which is it?

• They give the employees a sense of direction as to where the business is going

• They function as a yardstick for tracking an organisation’s performance and progress

• They may be limited and take a long time to be achieved

• They are used in the decision-making process

It is said that objectives should be SMART. Which one of the following is NOT a part of this acronym?

• Timely

• Separable

• Measurable

• Realistic