General Knowledge

Question 1

What does PESTLE stand for?

Answer 1

Political, Economic, Sociological, Technological, Legal, Environmental

Question 2

What are the four types of leadership style?

Answer 2

Authoritarian, Paternalistic, Democratic, Laissez-faire

Question 3

Features of Autocratic/Authoritarian leadership

Answer 3

Focus of power is with manager
Communication is top-down and one-way
Formal systems of command and control
Use of rewards and penalties
Very little delegation

Question 4

Political factors in PESTLE

Answer 4

Government Policies
Trade regulations
Changes in government leadership

Question 5

Economic factors in PESTLE

Answer 5

Economic growth
Inflation
Interest rates
Consumer income/spending

Question 6

Sociological factors in PESTLE

Answer 6

Demographics
Cultural trends
Consumer preferences

Question 7

Technological factors in PESTLE

Answer 7

Advances in technology
Development of new products
Impact of technology on business operations