These questions are designed to test your understanding of the material contained within each chapter. For each question you are given a choice of 4 statements. Only one of these statements is correct.
A business is any organization that aims to make a profit.
Public sector organizations cannot be defined as businesses.
In many of the activities it performs a university may be considered a business.
The terms enterprise, company and firm have different legal definitions.
These questions are designed to test your understanding of the material contained within each chapter. For each question you are given a choice of 4 statements. Only one of these statements is correct.
A business is an organized effort to produce goods and services to meet the needs of society.
A business is an organization that produces goods for profit.
Voluntary sector organizations such as charities cannot be considered as businesses.
Only private sector organizations can be called businesses.
These questions are designed to test your understanding of the material contained within each chapter. For each question you are given a choice of 4 statements. Only one of these statements is correct.
The 'Business in Context' model is an interactive influence model.
The 'Business in Context' model identifies the organizational context as having most influence on business activities.
The 'Business in Context' model identifies the environmental context as having most influence on business activities.
The 'Business in Context' model identifies business strategy and management decision-making as having most influence on business activities.
These questions are designed to test your understanding of the material contained within each chapter. For each question you are given a choice of 4 statements. Only one of these statements is correct.
Businesses are best conceived as a simple network of interrelationships.
The subjective preferences of individual managers have considerable influence on decisions in business organizations.
The environmental context of business is a given that determines management decisions.
Marketing decisions have little impact on human resource management.
These questions are designed to test your understanding of the material contained within each chapter. For each question you are given a choice of 4 statements. Only one of these statements is correct.
Innovation is concerned exclusively with the development of new products.
Marketing is essentially a task of persuading consumers to buy products they never thought they needed.
Operations management is only employed in manufacturing industry.
Finance and accounting is as much about raising funds and managing cash flows as it is about producing accounts.
These questions are designed to test your understanding of the material contained within each chapter. For each question you are given a choice of 4 statements. Only one of these statements is correct.
A systems approach views the organization as made up of independent parts.
A systems approach focuses on the desired outcomes of a business.
A systems view sees organizations as a machine.
The objective of feedback in a systems model is to adjust the inputs and processes in response to variations in output.
These questions are designed to test your understanding of the material contained within each chapter. For each question you are given a choice of 4 statements. Only one of these statements is correct.
All businesses have internal operations as their main focus.
All businesses must innovate to survive.
All businesses comprise a series of related activities in a number of different contexts.
Businesses must not lose money, therefore accounting and finance is the key activity.
These questions are designed to test your understanding of the material contained within each chapter. For each question you are given a choice of 4 statements. Only one of these statements is correct.
Most decisions made by managers are rational and objective.
Decisions that affect one part of a business will generally have an impact on other parts as well.
Size, structure, and organization culture are very important but unrelated elements of the organization.
Departmental managers are generally able to isolate their department from decisions and activities made in other parts of the organization.