Business Management Quiz

The role of a cost centre within a business is to monitor and control

• assets.

• expenses.

• liabilities.

• receipts.

Which pair of business functions is conducted by human resource management?

• Pricing and scheduling

• Scheduling and induction

• Induction and recruitment

• Recruitment and receivables

Which row of the table shows both an advantage and a disadvantage of a business investing in leading edge technology?

• Higher quality output and High initial investment

• Proven effectiveness and Increased waste

• Widely accepted and used and High initial investment

• Increased speed and Increased waste

Which statement about common law contracts is correct?

• Common law contracts are determined by the Fair Work Commission.

• Common law contracts are required to pass the 'better off overall test'.

• Common law contracts are negotiated by unions on behalf of employees.

• Common law contracts are between individual employees and their employer.

A consumer purchases expensive designer clothing as they believe they are getting higher quality and a longer lasting product. Which factor is influencing this consumer’s choice?

• Economic

• Government

• Psychological

• Sociocultural

Which row of the table shows how a recession would affect human resource management (HRM) processes and strategies in the tourism industry?

• Increase in separation, Decrease in monetary rewards

• Increase in acquisition, Increase in training expenditure

• Decrease in separation, Decrease in monetary rewards

• Decrease in acquisition, Increase in training expenditure

A manufacturer of fishing equipment sponsors an annual fishing competition. A local TV news station reports on the competition, which leads to an increase in sales for the manufacturer. Which combination of elements of the promotion mix have benefited the manufacturer?

• Publicity and advertising

• Advertising and sales promotion

• Relationship marketing and publicity

• Sales promotion and relationship marketing

A farmer sells vegetables to a manufacturer of tinned vegetables. The manufacturer then sells the tinned vegetables to supermarkets. Which row of the table shows the markets targeted by the farmer and the manufacturer?

• Resource - Intermediate

• Industrial - Intermediate

• Industrial - Consumer

• Resource - Consumer

A business spends one million dollars on an advertising campaign. Which pair of analyses could this business use to evaluate the effectiveness of this marketing strategy?

• Market share and sales

• SWOT and market share

• Sales and product life cycle

• Product life cycle and SWOT

A manufacturing business is a cost leader in their industry. Which combination of features of the transformation process are they most likely to demonstrate?

• Low volume, low variety

• High volume, low variety

• Low volume, high variety

• High volume, high variety