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Worksheets3.1 & 3.2 Revision
Total questions: 10
Worksheet time: 6mins
Which of the following is the BEST definition of 'mission statement'?
A statement defining the future aspirations of a business
A statement defining what an organisation is, why it exists and its purpose
A statement explaining what the business does
A statement explaining which stakeholders a business will serve
What do shareholders want from a business? Tick all that apply.
Dividend payments
Capital Growth
Voting rights at the AGM
All of the above
Which of the following are true about Market Capitalisation? Tick all that apply.
Calculated by share price x number of shares issued
It gives a valuation of the company
Changes in the share price will affect the value of a business
It is within the control of the management of the business
Which of the following are true about Interest Rates? Tick all that apply.
Interest rates are the cost of borrowing money.
Interest rates are earned on savings.
All businesses will be negatively affected by a rise in interest rates.
All of the above.
Hard HRM is likely to involve leaders with a Authority / Obedience leadership style.
TRUE
FALSE
Impoverished management could be considered the same as laissez-faire leadership.
TRUE
FALSE
Which of the following are TRUE about Decision Trees?
Provide a logical process for decision making
Use probability to quantify the chance of an outcome happening
Are most useful in the case of completely new problems
All of the above
Which of the following is the BEST definition of 'Opportunity Cost'?
What is lost when a decision is made
The benefit of the next best alternative given up when a decision is made
The cost of paying for an opportunity
According to Mendelow's Matrix, which stakeholder group should a business focus most on satisfying?
Low power, low interest
Low power, high interest
High power, low interest
High power, high interest
A farm growing strawberries supplies ALL of its product to Tesco, but they are only one of many businesses doing the same.
Where would Tesco fit on the stakeholder map for the strawberry farm?
Low power, low interest
Low power, high interest
High power, low interest
High power, high interest
