Business Admin Level 3 EPA Knowledge Test Revision

What does Corporate Social Responsibility (CSR) focus on?

• Maximising shareholder profit

• A company’s moral and ethical obligations to stakeholders

• Reducing employee wages

• Avoiding government regulations

Which of the following best defines Corporate Governance?

• The structure of rules, practices, and processes used to direct a company

• Managing employee benefits

• A legal requirement for businesses to pay taxes

• Controlling external stakeholders

Who is a creditor?

• A person who owes money

• A company that provides investment advice

• A person or company to whom money is owed

• A financial regulator

A breach of data protection (GDPR) occurs when:

• A company deletes old customer data

• Personal data is accessed, disclosed, or stored unlawfully

• An employee updates customer contact details

• A business asks for consent before using personal data

What is Developmental Change?

• A sudden shift in company policy

• A complete overhaul of a company’s strategy

• The elimination of an entire department

• Gradual improvement of an organisation’s existing situation

Which of the following is an example of an external environmental factor?

• A company’s internal policies

• Changes in government regulations

• Employee training programs

• Office layout

What does a Functional Organisational Structure do?

• Groups employees based on expertise and roles

• Eliminates the need for management

• Focuses only on external communication

• Randomly assigns employees to different tasks

What is the purpose of government subsidies?

• To increase unemployment

• To reduce business profits

• To stimulate economic activity and support public interest

• To restrict market competition

Who is responsible for Health and Safety in a business?

• Only the employer

• Only the employees

• Both employer and employees

• The government

Incremental change involves:

• Small, gradual changes over time

• Avoiding change in the workplace

• Implementing all changes at once

• Replacing the entire management team