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EBM - 5

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

What is the aim of financial management strategies?

a)

To improve the finances within an organisation

b)

To improve employee relations when transforming a business

c)

To increase market share

d)

To ensure efficiency of operations

2.

What is a business plan?

a)

A list of promotional ideas

b)

A document that defines a businesses strategies

c)

An estimation of the income and expenses of a business

d)

A calendar of activities for a business

3.

Strategic planning is

a)

Long term planning

b)

Short term planning

c)

General Planning

d)

Seasonal Planning

4.
Owners of stocks are called what?
a)
Board of Directors
b)
President
c)
Shareholders
d)
Franchisor
5.

What is the term that occurs when a business plans for possible but unlikely events?

a)

Strategic Drift

b)

Contingency Planning

c)

Flux

d)

Emergent Strategy

e)

None of the above/answers

6.

True or False. Contingency Planning occurs when a business plans for impossible and unlikely events.

a)

True

b)

False

7.
PESTLE Analysis identifies factors that occur within the organisation.
a)
True
b)
False
8.
The Es in PESTEL Analysis stand for
a)
Ecological and Essential
b)
Efficiency and Effectiveness
c)
Economic and Environment
d)
Ecology and Enterprise
9.
What are stakeholders?
a)
Anybody who knows the name of the business
b)
Anybody who takes an interest in a business
c)
Anybody who works for the business
d)
Anybody who buys from the business
10.

What does "R" in SMART goals stand for?

a)

Remember

b)

Refresher

c)

Relevant/Realistic