Basic Terms & Concepts- Business

Which of the following best defines the term 'stakeholder'?

• Anyone with shares in a company

• Anyone with an interest in an organization

• Anyone who owns a business

• None of the above

Which among is a stakeholder?

• Staff

• Customers

• Owners

• All the above

How would you describe a democratic management style?

• A manager who likes to make all the decisions.

• A manager who involves employees in decision making and aims to benefit both the business and personnel as a result of decisions that are made.

• A manager who sets the goals of the business and communicates 'downwards' to employees.

• None of the above

______________skills refer to the manager's ability to prioritize work, to work efficiently, and to delegate appropriately.

• Technical skills

• Interpersonal skills

• Decision making skills

• Time management skills

Motivating members of the organization to work in the best interests of the organization is defined as:

• Organising

• Decision making

• Controlling

• Leading

Recruitment can be best described as ____________________________

• Attraction of potential employees to an organisation

• Invitation of potential employees to an organisation

• Selection of potential employees to an organisation

• Scrutiny of potential employees to an organisation

What is the difference between Logistics and supply chain?

Evaluate responses using AI:

OFF

What do you mean by fiscal year?

Evaluate responses using AI:

OFF

What do you mean by the following?

a) Trademark

b) Patent

c) Copyright

Evaluate responses using AI:

OFF

Have you heard about the term 'Gig economy'?

• Yes

• No