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Business Management Unit 3&4 Revision

Total questions: 21

Worksheet time: 10mins

Name
Class
Date
1.

The definition of making a profit is

a)

Total revenue of the business

b)

Expenses - income

c)

Income - expenses

d)

Revenue - expenses

2.

A CSR consideration that a business needs to consider when implementing change is...

a)

Considering entitlements for employees when they are made redundant

b)

A business commitment to be more environmentally friendly on suppliers

c)

Developing technology and the impact it will have on customers

d)

Considering motivation strategies to get employees on board the change

3.

An advantage of on-the-job training is:

a)
It is always cheaper than off-the-job training
b)
It allows employees to avoid work
c)

It allows employees to learn from an expert in the field

d)
It allows employees to learn while doing the job
4.

A disadvantage of autocratic management is

a)
It encourages creativity
b)
It promotes team building
c)
It fosters a sense of ownership among employees
d)
It can lead to high levels of employee dissatisfaction
5.

Identify one management skills

(a)  

6.

An employee objective is

a)
To increase company profits
b)
To take as many vacations as possible
c)
To work as little as possible
d)

To have job security

7.

A difference between quality control and quality assurance is

a)
Quality control is a reactive process, while quality assurance is a proactive process
b)
Quality control is a proactive process, while quality assurance is a reactive process
c)
Quality control and quality assurance are the same
d)
Quality control is a process, while quality assurance is a product
8.

Artificial intelligence is...

a)
A type of vegetable
b)
A new music genre
c)
The simulation of human intelligence processes by machines
d)
A new fashion trend
9.

The last principle of the three-step change model is

a)

Identify change

b)

Refreeze

c)

Unfreeze

d)

Analyse and implement

10.

A proactive approach to change is

a)
Waiting for change to happen and then reacting
b)
Ignoring change
c)
Resisting change
d)
Anticipating change and taking action before it occurs
11.

Number of sales (average per month) has improved at this business

640

1 500

4 500

1 000

a)

True

b)

False

12.

Waste minimisation strategies are

a)

Reduce

b)

Reuse

c)

Pull

d)

Takt

13.

A feature of a partnership is

a)
Limited liability
b)
Shareholders
c)
Unlimited liability
d)
Board of directors
14.

A principle of Senge's Learning Organisation is

a)
Shared Vision
b)
Individual Profit
c)
Competitive Advantage
d)
Market Dominance
15.

How does Senge's Learning Organisation develop a positive corporate culture...

a)
By fostering a culture of continuous learning and improvement
b)
By focusing solely on profit maximization
c)
By discouraging employee participation in decision making
d)
By maintaining a rigid and hierarchical organizational structure
16.

Awards are preferred over agreements when..

a)

Awards reduce employee/er disputes

b)

Agreements offer more than the legal minimum

c)

When a business wants to be above the minimum requirements

d)

In time-sensitive situations

17.

A force for change that acts as both a restraining and driving force is

a)

Profit

b)

Low cost

c)

Differentiation

d)

Legal requirements

18.

A driving force for change is

a)
Innovation
b)

Organisational inertia

c)

Financial considerations

d)
Conservatism
19.

Porter's principle of differentiation is

a)

Reducing prices

b)

Offering a unique product

c)

Tailoring products

d)

Marketing strategies

20.

Corporate social responsibility is

(a)  

21.

A low-risk strategy to reduce employee resistance is

a)
Forcing employees to accept the changes
b)
Threatening employees with job loss
c)
Increasing workload to make them adapt
d)

Involving employees in the decision-making process using two-way communication