Multiple Choice
Identify the
choice that best completes the statement or answers the question.
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1.
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Select the item being described below:
“Form of government in which
one person or political party exercises absolute control over all spheres of human life and opposing
political parties are prohibited “
a. | Democracy | c. | Totalitarianism | b. | Nationalisation | d. | Political
ideology |
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2.
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Select the item being described below:
“a set of doctrines or
beliefs that form the basis of a political system“
a. | Democracy | c. | Totalitarianism | b. | Nationalisation | d. | Political
ideology |
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3.
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When defining a string culture, which term would be least correct?
a. | Uniformity | c. | Homogeneous | b. | Diversity | d. | Shared |
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4.
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Select the item least likely to represent an element of National
culture
a. | Religion | c. | Location | b. | Language | d. | Political
system |
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5.
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Which item describes a legal system based on precedent?
a. |
Common law |
c. |
Civil law |
b. |
Theocratic law |
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6.
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Which item describes a legal system based on written rules?
a. |
Common law |
c. |
Civil law |
b. |
Theocratic law |
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7.
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Consider the layers of the business environment and identify which statement is
least true
a. | The Macro environment generally has least influence on the
organization | b. | The environment is a source of opportunity and threat | c. | PESTEL analysis is
used to investigate the macro environment | d. | The Industry environment generally has least
influence on the organization |
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8.
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Which of the following is least likely to be regarded as a political/ economic
risk
a. | Increased taxation | d. | IPR risks | b. | Decreased profit | e. | Inflation | c. | Currency
fluctuation |
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9.
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Which of the statements about Foreign exchange risk are least true?
a. |
Also known as "currency risk" |
b. |
A weak currency has
the affect of increasing prices, making the countries’ export less
appealing |
c. |
May harm the profitability of a business transaction |
d. |
An organization can
be protected through ‘hedging’ |
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10.
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Select the option that shows the correct stages of the industry lifecycle in the
correct sequence
a. | Introductory, Competition, Maturity, Decline | b. | Growth, Maturity,
Stability, Decline | c. | Introductory, Growth, Maturity,
Decline | d. | Start-up, Growth, Rivalry, Decline |
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11.
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Recall the figure, Assets which drive value Adapted from Eustace
(2003)
Eustace (2003) discusses the internal resources used to add value - select the correct
statement
a. | Eustace (2003) believes the emphasis has shifted – from natural resources to
intangible resources as factors of competition | b. | Eustace (2003) believes the emphasis has
shifted – from intangible resources to natural resources, as factors of competition
| c. | Eustace (2003) believes the emphasis has shifted – from intangible resources to
natural resources, machinery and financial capital, now regarded as commodities, as
factors of competition | d. | Eustace (2003) believes the emphasis has
shifted – from commodities to tangible resources such as natural resources, machinery and
financial capital, now regarded as commodities, as factors of competition
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12.
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Match the following text with the correct term
“what the
organization can do”
a. | Effectiveness | c. | Capabilities | b. | Organizational resources | d. | Efficiency |
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13.
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Match the following text with the correct term
“doing right
things”
a. | Effectiveness | c. | Capabilities | b. | Organizational resources | d. | Efficiency |
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14.
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With reference to Porter’s five forces framework - which of the following
statements is least true?
a. | The Competitive forces model is used to describe the interaction of external
influences, specifically threats and opportunities that affect an organization's strategy and
ability to compete. | b. | Two of the forces are specifically about
threats | c. | It uses concepts developed in Industrial Organization (IO) economics to derive the
forces that determine the competitive intensity and therefore attractiveness (the overall industry
profitability) of a market. | d. | An "unattractive" industry is one
where the combination of forces acts to drive down overall profitability. | e. | One of the forces is
specifically about bargaining power |
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15.
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When considering the impact of technology on the workplace, which statement
would be regarded as the least true?
a. |
Some jobs (work tasks) have been eliminated as a result of
technology |
b. |
Technology can deskill work |
c. |
Some jobs (work tasks) have been created as a
result of technology |
d. |
Technology can increases demand on people at
work |
e. | Technology can impact on both the physical and mental aspects of work.
| f. | During the information revolution, technology primarily through information systems
and communications sought to replace manual-tasks |
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