tracnghiem

An organization is a social arrangement which pursues collective .... which controls its own performance and which has a boundary separating it from its environment.

• profits

• stakeholders

• goals
• tactics

BCD Co is a large trading company. Steve is the administration manager and is also responsible for legal and compliance functions. Sheila is responsible for after sales service and has responsibility for ensuring that customers who have purchased goods from BCD Co are fully satisfied. Sunny deals with suppliers and negotiaties on the price and quality of inventory. He is also responsible for identifying the most appropriate suppliers of plan and machinery for the factory. Sam is the information technology manager and is responsible for all information systems within the company.

According to porter's value chain, which of the managers is involved in a primary activity as opposed to a support activity?

• Sunny
• Steve

• Sam
• Sheila

A recent trend in organization and management is the rise in '' virtual organization '' and '' virtual teamworking ''

To which of the following enviromental (PEST) factors is this most directly attributed?

• Economic

• Socio-cultural

• Political

• Technological

In an economic enviroment of high price inflation, those who owe money will gain and those who are owed money will lose. Is this statement true or false

• True
• False

If a government has a macro-economic policy objective of expanding the overall level of economic activity, which of the following measures would not be consistent with such an objective?

• Increasing public expenditure

• Lowering interest rates

• Increasing taxation

Which of the following socio-cultural trends will have a direct impact on most business organisations?

i, Increasing ethnic and religions diversity in populations

ii, Falling birthrates

iii, Focus on ''green'' issues

iv, increase in single-member household

• i, ii, iii and iv

• iii

• ii and iii

• i, ii, and iii

Every organization has a boundary that separates it from its environment. From an organisation's point of view, which two of the following would be part of the organization's environment?

i, Shareholders

ii, Customers

iii, Sales team

iv, Purchasing department

• i, iii
• i, ii
• iii, iv
• ii, iii

Fish and chips are considered complementary products. If the price of fish rises, what will the impact be in demand for chips?

• Stays the same

• Rises

• Falls

Which of the following groups are owners of a limited company?

• Stakeholders

• Non-executive directors

• Shareholders

In which one of the following areas is economic growth most clearly benefial, as an objective of macro-economic policy?

• employment

• public services

• environment