11BST Multi Choice Exam 2018

A manufacturing company wishes to raise money from the share market. What is this process known as?

• Floating

• Privatising

• Incorporation

• Commercialising

A business is advertising for a full-time supervisor who has strong communication skills and works well with other people. Which skills is that company looking for in an applicant?

• Visionary skills

• Flexibility skills

• Interpersonal skills

• Strategic thinking skills

Which term describes the use of the Internet to promote a product?

• E-commerce

• E-marketing

• Market research

• Market distribution

Why is a business plan important to business success?

• It is a legal requirement of all business in Australia.

• It enables the business to stay focused on its objectives.

• It will guarantee that business will not fail.

• It is a financial requirement in order to get a loan.

Which of the following business structures has unlimited liability?

• Sole trader

• Private company

• Public company

• Government enterprise

Mia decided to start her own catering business. She aims to target both homes and corporate enterprises. In which industry would Mia be operating?

• Primary

• Secondary

• Quaternary

• Quinary

Which of the following is a social goal for a business?

• To provide employment

• To control a larger share of the total market

• To satisfy shareholders need for return on investment

• To be seen by the community as environmentally friendly

Which of the following is an advantage of starting a business from scratch?

• The entrepreneur does not pay for goodwill

• The business only requires a short amount of time to set up

• High sales are generated from existing customers

• There is no risk as the entrepreneur makes all the decisions

Which identifies the trend in structural changes to management approaches more recently adopted by Australian businesses?

• Narrow span of control and work teams

• Narrow span of control and outsourcing

• Outsourcing and flatter organisational structures

• Outsourcing and hierarchical organisational structures

There has been a growing pressure for businesses to provide family friendly policies that allow employees to balance work and family responsibilities more effectively.

• Economic

• Financial

• Geographical

• Social