Unit 4 AOS 2 Business Management Quiz

What is the skill of a manager when guiding and influencing employees towards the achievement of organisational objectives?

• Exporting

• Leading

• Innovation

• Differentiation

What term describes the international trade of goods and/or services, where they are produced in one country and transported to another for future sale or trade?

• Technology

• Staff Training

• Exporting

• Cost Cutting

What is the term for improvements of existing products or processes, or invention of something new?

• Innovation

• Differentiation

• Redeployment of resources

• Senge's learning organisation

What does the term 'Differentiation' refer to in business management?

• Offering something unique or valued in the market

• The application of scientific knowledge to improve processes

• The process of providing an employee with the knowledge or specific skills needed to do their job

• Adapting the manner and approach of providing direction

What is the application of scientific knowledge to improve processes and make them more efficient and often more accurate called?

• Staff Training

• Technology

• Changing management styles

• Cost Cutting

What is the process of providing an employee with the knowledge or specific skills needed to do their job?

• Redeployment of resources

• Changing management skills

• Staff Training

• Senge's learning organisation

What does 'Changing management styles' involve?

• Adapting the importance and focus of particular skills required by managers in different situations

• Adapting the manner and approach of providing direction, implementing plans and motivating people

• The process of moving resources from one area of business to another

• Finding methods to reduce costs of production

What does 'Changing management skills' involve?

• Adapting the manner and approach of providing direction, implementing plans and motivating people

• Offering something unique or valued in the market

• Adapting the importance and focus of particular skills required by managers in different situations

• The process of providing an employee with the knowledge or specific skills needed to do their job

What is the process of moving resources (land/labour/capital) from one area of business to another, to retain their usefulness in another area if suitable?

• Cost Cutting

• Redeployment of resources

• Technology

• Innovation

What strategy involves finding methods to reduce costs of production in order to maintain profitability and competitive advantage?

• Exporting

• Differentiation

• Cost Cutting

• Staff Training