Business Management-I

Businesses do not operate in a vacuum but rather in a ……………. environment.

• Constant

• Static

• Dynamic

• None of the above

The skills that relate to the ability to communicate with people at work is known as:

• Technical skills

• Decision making skills

• Interpersonal skills

• Conceptual skills

Activities include harvesting, collecting, or extraction of raw materials from the natural environment are the part of:

• Secondary sector

• Primary sector

• Tertiary sector

• None of the above

Activities include bringing the products from the secondary sector to the end consumers, transport of people, communications, and many other services such as education, health, banking, and administration are the part of:

• Secondary sector

• Primary sector

• Tertiary sector

• None of the above

…………….usually consists of a relatively small group of executives who control the organisation and who take ultimate responsibility for executing the strategy.

• First-line management

• Middle level manager

• Sales executives

• Top level management

This is the power to force compliance by threatening to withhold rewards, or to retrench staff, or enforce longer working hours should organisational goals such as quicker or more efficient service delivery not be achieved.

• Reward power

• Legitimate power

• Coercive power

• Referrent power

Which of the following is the micro environment:

• Customers

• Suppliers

• Vision & Mission

• Technology advancement

The main forms or categories of businesses (existent in but by no means limited to South Africa) according to the Companies Act of 2008 are:

• Sole proprietor

• Private companies

• Public companies

• All of the above

These businesses are not registered and do not contribute to the GDP of the country formally. They are known as:

• Formal

• Informal

• Primary

• Private

In Porter's five forces model, the part of horizontal integration are:

• Suppliers and buyers

• New entrants and competitors

• Competitors

• None of above