The potential implication of stakeholders caused due to mergers and acquisitions is :

Managers:A may have a marketing manager and so might B

What is ‘globalisation’?

process through which ideas and activities in different parts of the world become interconnected

process through which people are able to travel to different parts of the world

process through which companies are able to dominate different markets

STEEPLE analysis stands for.

An acronym standing for social, technological, economic, environmental, political, legal and ethical external factors that impact business; it refers to a framework for analysing the external environmental factors affecting business objectives and strategies.

An acronym standing for social, technological, economic, environmental, political, legal and ethical external factors that impact business; it refers to a framework for analysing the internal environmental factors affecting business objectives and strategies.

An acronym standing for social, terminal, economic, environmental, profit, loss and ethical external factors that impact business; it refers to a framework for analysing the internal environmental factors affecting business objectives and strategies.

An acronym standing for social, technological, economic, environmental, profit, loss and ethical external factors that impact business; it refers to a framework for analysing the external environmental factors affecting business objectives and strategies.

(a) Define the term adding value. [2 marks]

Adding value (in the production process) is about creating value for customers. It can be measured by the difference between a product’s selling price and the material or direct costs of production (output).

Adding value (in the production process) is about creating value for customers. It can be measured by the difference between a product’s selling price and the material or direct costs of production (input).

Adding value (in the production process) is about creating value for customers. It can be measured by the difference between a product’s selling price and the material or direct costs of production (loss).

Adding value (in the production process) is about creating value for customers. It can be measured by the difference between a product’s selling price and the material or direct costs of production (profit).

Which of the following is the best definition of a ‘business’?

Any organisation involved in the production of a good or the provision of a service

Any organisation that employs workers

A company that strives to earn profit for its owners

Any organisation that undertakes the selling of goods

The service sector of the economy; produces intangibles, for example, insurance.

The first stage of production, for example, farming.

The sector focused on skills such as research and development.

Physical products, e.g. food, clothes, furniture, cars and smartphones.

Both intangible and physical products.

Intangible products, e.g. haircuts, tourism, public transport, banking, insurance education, and healthcare.

Which of the following is NOT a characteristic of the tertiary sector?

Involves extraction of raw materials

Focuses on skills such as research and development

To change the structure from any form to a privately held company, the former should.

Have its accounts checked by an independent auditor.

Have its accounts checked by an internal auditor.

Have its accounts checked by a dependent auditor.

Have its accounts checked by an accountant

What is the trade-off between privacy and public disclosure in a company?

Public disclosure allows for more transparency and trust

Privacy allows for more control over the company's information

Privacy can lead to legal and accounting expenses

Public disclosure can lead to loss of competitive advantage

A portion of profits paid out to shareholders

A portion of profits reinvested in the company

A portion of profits paid to employees

A portion of profits paid to creditors

What is the concept of limited liability in a company?

Shareholders are only liable for a portion of the company's debts

Shareholders are fully responsible for the company's debts

Shareholders have no liability in the company

Shareholders are liable for all of the company's debts

How does share ownership affect voting power in a company?

The more shares owned, the more voting power

The less shares owned, the more voting power

Share ownership does not affect voting power

Voting power is determined by the CEO

What is the role of shareholders in a company?

To manage day-to-day operations

What is the process of determining dividends in a company?

Based on the company's expenses

Based on the number of shares owned

Which of the following statements about implementing strategy is true?

Implementing strategy is only important for long-term goals.

Implementing strategy is not important for a business.

Implementing strategy is important for achieving business objectives.

Implementing strategy is only important for short-term goals.

Which of the following statements about mission and vision statements is true?

MV statements are determined by senior management.

Every business has a mission and vision statement.

MV statements are determined by customers.

MV statements are determined by shareholders.

Which of the following statements about mission and vision statements is false?

Every business has a mission and vision statement.

MV statements are determined by customers.

MV statements are determined by senior management.

MV statements are determined by shareholders.

Which of the following statements about ownership of businesses in the public sector is true?

Businesses in the public sector are owned by the government.

Businesses in the public sector are owned by the community.

Businesses in the public sector are owned by shareholders.

Businesses in the public sector are owned by private individuals.

Which of the following statements about ownership of businesses in the public sector is false?

Businesses in the public sector are owned by private individuals.

Businesses in the public sector are owned by the government.

Businesses in the public sector are owned by the community.

Businesses in the public sector are owned by shareholders.

Business Management-Revision

Authored by Yasmin Umar

Business

11th Grade

Used 6+ times

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MULTIPLE CHOICE QUESTION

10 sec • 1 pt

What is the triple bottom line approach?

Measuring profits, treatment of employees, and impact on society.

Measuring profits, treatment of customers, and impact on the economy.

Measuring profits, treatment of people, and impact on the planet.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

What is corporate social responsibility (CSR)?

An approach under which businesses consider the interests of employees only.
.

An approach under which businesses consider the interests of all groups in society in decision-making.

An approach under which businesses consider the interests of customers only

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

How do businesses aim to satisfy the needs and wants of individuals and organizations?

Creating a product/service

Extracting raw materials

All of the options

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

Why do businesses prefer a public limited company?

To have more control in the market.

To easily sell equity on a stock exchange

To obtain debt from a bank

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

Nestlé, a major food and beverage company, acquiring a cocoa plantation to secure its raw material supply is an example of which integration technique?

Horizontal Integration

Vertical Backward Integration

Vertical Forward Integration

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

Which of the following occurs when a business achieves lower average cost of the production due to the decision to hire specialists in supervisory roles thereby raising the level of productivity?

Managerial economies of scale

Purchasing economies of scale

Marketing economies of scale

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

The following figure represents:

Diseconomies of scale

Economies of scale

Inefficiency of scale

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Business Management-Revision

What is the triple bottom line approach?

What is corporate social responsibility (CSR)?

How do businesses aim to satisfy the needs and wants of individuals and organizations?

Why do businesses prefer a public limited company?

Nestlé, a major food and beverage company, acquiring a cocoa plantation to secure its raw material supply is an example of which integration technique?

Which of the following occurs when a business achieves lower average cost of the production due to the decision to hire specialists in supervisory roles thereby raising the level of productivity?

The following figure represents:

The potential implication of stakeholders caused due to mergers and acquisitions is :

____________is essential for business to achieve their desired aims. Example: growth may be necessary to gain the necessary cost advantages for survival.

What is ‘globalisation’?

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