practice multiple choice questions Flashcards
What type of Entrepeneur takes an innovative idea business model and turn it into a high growth, profitable company. They do it by entering a large market and taking share away from incumbents or by creating a new market and growing it rapidly.
-buyer entrepreneur
- imitator entrepreneur
- scale start up entrepreneur
- hustler entrepreneur
scale start up entrepreneur
The introduction of a product or service into an established industry that performs better and, generally, at a lower cost than existing offerings, thereby displacing the market leaders in that particular market space and transforming the industry is known as what type of innovation:
-disruptive innovation
- architectural innovation
- incremental innovation
- radical innovation
disruptive innovation
Intrapreneurs have no motivation to gain personal wealth.
true or false
false
A management model that attempts to explain management by attempting to understand management in terms of forging human relationships
- motivational management model
- human relations model
- reasonable goal model
- open systems model
human relations model
The type of Management Power that gets you to comply with something you don’t want to do through the use of force or punishment is what type of power:
- charismatic power
- reward power
- coercive power
- expert power
coercive power
Which of the following is not part of the HR/Employee Cycle:
- attraction
- discipline
- recruitment
- onboarding
discipline
Employee / Industrial Relations can be improved by doing which three:
– Offering monthly bonuses to certain staff only with no transparency on why they have the bonus
- Changing and updating strategic direction frequently
- Having clear and regular two-way communication
- Instilling a sense of empowerment for employees in day-to-day decisions.
instilling a sense of empowerment for employees in day-to-day decisions
what are the demographic factors
income levels
age
gender
family size
occupation
The government decide to make a legal obligation for all businesses to have sensor lights that switch off after a period when there is no motion detected in a room. This is what part of PESTLE is this:
- environmental
- ethical
- technological
- legal
legal
Which of the following would produce a positive working culture
- high bonuses for those that work long hours
- offering flexible working conditions for all staff
- have employees of the month awards
- being the market leader in terms of sales
offering flexible working conditions for all staff
Working on a tax return for a client when you have only the very basic training in tax is breaking what main ethical principle:
- integrity
- objectivity
- professional behaviour
- professional competence
professional competence
Treating someone unfairly based on their age, race, religion is an example of what ethical principle being broken:
- integrity
- equality
- professional behaviour
- professional competence
equality
True of False CSR should be an important part of a company’s strategic long-term objective.
true or false
true
Fair Trade is about buying from the cheapest supplier of a product
true or false
false
It’s not the customers responsibility to make sure a company they buy from operates in a sustainable manner
true or false
false
You work as an Accountant for an organisation, and you agree to win favour with your manager to work on some complex and important tax calculations. Though you passed the relevant Tax exam four years ago you haven’t kept up with tax law changes and so don’t feel completely comfortable that you can do the work well. What ethical principle has been breached:
- integrity
- equality
- professional competence
- professional behaviour
professional competence
When undertaking an analysis of the operations pf the business you discover that one of your main competitors has introduced more efficient operations that will allow them to undercut your price. What part of the SWOT is this:
- strength
- weakness
- opportunity
- threat
threat
The government Announcement that the UK economy will shrink into recession in the next few years is what part of a PESTLE analysis:
- political
- economic
- social
- technology
- legal
- environment
economic
Deciding to use only packaging from renewable material to enhance the image of the company brand is what part of the marketing mix:
- product
- price
- place
- promotion
product
Which of the following are examples of Ethical Marketing:
- Offering discount prices on cocktails for students on a Friday night
- To say that if you drink this energy drink “you will grow wings”
- Advertising that a moisturiser cream has not been tested on animals
- Clearly Advertising the very high calorie content of a new triple cheese pizza
Advertising that a moisturiser cream has not been tested on animals
Japan’s economic growth 1950-75 was due mostly to a combination of the control of imports, low wages, long working hours and the reinvestment of profit
true or false
true
what is leadership
for Watson (1986, p.41) leadership ‘is the organising, pulling things together in a general direction to bring about long-term organisational survival’
what is management
management is the balancing of external and internal influences, the coordination of activities and of people to achieve goals of organisation
what is the taylorism theory?
it is a factory management system developed in the late 19th century to determine the best way for the worker to do the job, to provide the proper tools and training, and to provide incentives for good performance
technology represents the application of available knowledge and skills to create and use materials, processes and products
true or false
true
the key contribution of technology to strategy is that it can be a source of strategic advantage
true or false
true
e-business enable the various elements of global firms to work more closely together and can form the basis for much business to business activity
true or false
true
the growth of e-commerce and e-business is directly associated with the development of the automobile and telephone
false
what is globalisation?
globalisation is a process in which the world appears to be economically, politically and culturally diverging.
what is a multinational company?
a multinational company must operate and be managed from bases in a number of countries
what are the different types of pensions?
state pension
stakeholder pension
occupational pension
The State Pensionguarantees to increase the statepensionevery year by the higher of
- inflation (CPI)
- average earnings
- a minimum of 1%
- a minimum of 2.5%
a minimum of 1%
what is convertible bond?
a convertible bond is a bond that can be converted into a share in the future
what is the article Hester (2003) about?
the article Hester (2003) is about the experiences of female finance directors in the UK firms
