Topic 2 - Business Management

4 Written Questions

1. future targets the business hopes to achieve
2. maximum output from inputs
3. ability to select a course of action from a range of alternatives
4. Characteristics all goals should have (i.e. specific, measurable, achievable, realistic, timed)

4 Multiple Choice Questions

1. gathering and disseminating information about the business to stakeholders
   1. decisional role
   2. informational role
   3. interpersonal role
   4. environmental goals
2. ability to create a shared future direction of what could be
   1. vision
   2. efficient
   3. effective
   4. SMART
3. achieving set goals
   1. vision
   2. effective
   3. SMART
   4. efficient
4. stakeholders have differing views on an issue
   1. effective
   2. social goals
   3. efficient
   4. conflict of interest

4 True/False Questions

1. social goals → goals that involve bringing benefit to the community

   True        False

2. interpersonal role → gathering and disseminating information about the business to stakeholders

   True        False

3. environmental goals → goals that involve bringing benefit to the community

   True        False

4. strategic thinking → maximum output from inputs

   True        False