Business and Marketing Revision

Computer programmers and financial planners are part of which industry sector?

• Secondary

• Tertiary

• Quaternary

• Quinary

Robert owns a fresh juice kiosk. Every Friday he allocates shifts to his casual staff for the coming week. What type of planning is this?

• Strategic planning

• Tactical planning

• Operational planning

• Situational planning

A potato chip company decides to package chips into individual snack-size packs. What marketing strategy has been modified?

• Price

• Product

• Place

• Promotion

Which of the following combinations of income is received by employees, stakeholders, and entrepreneurs?

• Wages, Interest, Salary

• Salary, Profit, Interest

• Wages, Dividends, Profit

• Profit, Dividends, Interest

Which of the following is listed on the Australian Securities Exchange?

• Government organisations

• Private companies

• Public companies

• Non-profit organisations

Why might employees be resistant to change in the workplace?

• Inertia

• Financial cost

• Redundancy payouts

• Retraining costs

A business is looking to finance the purchase of new inventory. They plan to repay the finance within 6 months. What is the best short-term debt finance option for this business?

• Retained profits and overdrafts

• Overdrafts and commercial bills

• Commercial bills and debentures

• Factoring and mortgage

Which of the following strategies can be used by a business to promote day-to-day ethical decision making by employees in the workplace?

• Adopting a corporate code of conduct

• Working within an industrial relations framework

• Entering an enterprise bargaining agreement

• Implementing individual common law contracts

Which row identifies characteristics of different market concentrations?

• One business in the industry, Very little advertising is used to increase market share, Goods not differentiated from competitors

• A small number of large businesses, Large number of buyers and sellers, Goods differentiated from competitors

• Customer has no influence over prices charged, No barriers to enter for businesses, Small number of buyers and sellers

• No competition exists, Small number of larger businesses, Large number of buyers and sellers

A manager uses the financial reports of a business to compare actual performance against planned performance. What process is the manager undertaking?

• Controlling

• Forecasting

• Modifying

• Monitoring