Business Management Mock 2024

Question 1 of 50

Which is a source of start-up finance for a small business?

Question 2 of 50

A business that sells its shares to the general public on the stock exchange is a

Question 3 of 50

An arrangement in which a business pays to use another firm's brand and methods is

Question 4 of 50

Which is an advantage of a sole proprietorship?

Question 5 of 50

Grouping activities and people into departments is part of the function of

Question 6 of 50

Training workers away from their workplace, for example at a college, is

Question 7 of 50

Collecting and analysing information about customers and competitors is

Question 8 of 50

Free samples, discounts and competitions are forms of

Question 9 of 50

Selling directly to customers face to face is

Question 10 of 50

Profit kept in the business instead of being paid out is

Question 11 of 50

A business owned and run by one person is a

Question 12 of 50

Limited liability means that

Question 13 of 50

A business owned by the state is a

Question 14 of 50

The management function of setting goals and deciding how to achieve them is

Question 15 of 50

A leader who makes decisions alone without consulting staff is

Question 16 of 50

Filling a vacancy with an existing employee is

Question 17 of 50

Introducing new employees to the organisation is

Question 18 of 50

The four Ps of the marketing mix are product, price, place and

Question 19 of 50

A short-term source of finance from a bank that allows withdrawals beyond the account balance is

Question 20 of 50

In a cooperative society, voting is based on the principle of

Question 21 of 50

A partner who contributes capital but takes no part in managing the business is a

Question 22 of 50

A leader who lets group members make most decisions with little direction uses the

Question 23 of 50

The principle that each employee should have only one boss is

Question 24 of 50

Estimating how many and what kind of workers a business will need in future is

Question 25 of 50

Moving workers between different jobs to widen their skills is

Question 26 of 50

Advertising that gives facts about a new product is

Question 27 of 50

A long-term loan to a company, usually at a fixed interest rate, is a

Question 28 of 50

Analysing the political, economic, social, technological, legal and environmental factors affecting a business is

Question 29 of 50

Buying goods from suppliers and paying later is

Question 30 of 50

A co-operative society is run on the principle of

Question 31 of 50

Span of control refers to

Question 32 of 50

According to Maslow, the most basic human needs are

Question 33 of 50

Setting a low price to gain market share quickly is

Question 34 of 50

PESTLE analysis examines political, economic, social, technological, legal and

Question 35 of 50

In SWOT analysis, "threats" are

Question 36 of 50

Cash-flow forecasting helps a new business to

Question 37 of 50

A start-up with fixed costs GH¢6,000 a month, price GH¢50 and variable cost GH¢20 per unit must sell at least how many units monthly to break even?

Question 38 of 50

Labour turnover is calculated as

Question 39 of 50

Extension strategies in the product life cycle aim to

Question 40 of 50

Leasing equipment instead of buying helps a business to

Question 41 of 50

A firm with 200 staff loses 30 in a year and replaces them. Its labour turnover rate is

Question 42 of 50

Just-in-time inventory is risky when

Question 43 of 50

Contingency theory of leadership argues that

Question 44 of 50

Transformational leaders mainly

Question 45 of 50

Vroom's expectancy theory links motivation to

Question 46 of 50

A "question mark" in the Boston Matrix has

Question 47 of 50

Span of control should be narrower when

Question 48 of 50

Dumping in international trade means

Question 49 of 50

An offer made to the whole world, such as a reward for a lost dog, can be accepted by

Question 50 of 50

A counter-offer has the effect of