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WorksheetsBusiness Management
Total questions: 18
Worksheet time: 2hrs 30mins
The VCE Business Management Study Design specifically says that the real-life examples of businesses that we look at must be "contemporary", This means it cannot be older than...
4 years
2 years
3 years
All business are organisations.
True
False
The Australian government has classified businesses into specific industries. These are grouped into...
10 industry sectors
17 industry sectors
5 industry sectors
Which one of these images best represent the mining industry?
Which one of these images best represent the manufacturing industry?
Another way to classify industries is according to “business activity”. This term refers to the stages of transforming natural resources into finished goods. What are the different level of sectors?
primary, secondary and tertiary
primary, secondary, tertiary, quaternary and quinary
primary, secondary, quaternary and teritiary
Melbourne Water manages and protects major water resources and supply retailers with high-quality drinking water. What is its level of sector?
Secondary level of sector
Quaternary level of sector
Primary level of sector
David Jones is a retail store that sells finished goods to customers. What is its level of sector?
Tertiary level of sector
Primary level of sector
Quinary level of sector
A business that provides hospitality, health and social assistance, personal and other services fits in to what level of sector?
Primary level of sector
Quinary level of sector
Quaternary level of sector
What is the most basic business objective that all businesses have?
To make a profit
To expand their business
To make a lot of money
How do you calculate profit?
Profit = Sales + Expenses
Profit = Sales - Expenses
Expenses = Sales - Profit
Another business objective that concerns many businesses is Corporate Social Responsibility. CSR is the obligation a business has to ensure the wellbeing of the community. This goes beyond...
(a)
CSR can be expensive and time-consuming and yet many businesses will choose do it because...
they want to take care of the environment
the law requires them to do it
they expect that this step will bring them an increase in sales and profit
the government will give them a tax deduction
What did the mining corporation, Rio Tinto do that was not socially responsible?
They do not take care of the environment
Rio Tinto destroyed 46,000 years of Aboriginal history.
Rio Tinto did not build a relationship with Aboriginal people to ensure that they were taking care of Aboriginal Cultural Heritage sites
How can the lack of CSR impact a business?
The government will shut down their business
The government will give them a tax deduction
It can impact their profit, damage their reputation and attractiveness to customers
In order for businesses to be successful they need to be able to manage their businesses to achieve their goals. Which business function is responsible for directing and motivating staff and implementing plans to achieve business objectives?
Forecasting
Controlling quality
Managing
Organising
Which business function is responsible for transporting goods from their source to their eventual point of sale?
Managing
Forecasting
Distributing
Production
Which function is responsible for the action or business of promoting and selling products or services, including market research and advertising?
Marketing
Production
Organising
Distributing
