VCE Business Management Units 3&4 (2026) Questions and Answers
1. Agreements ANSWER are legal documents that outline the wages and conditions of employees and are
applicable to a particular business or group of businesses.
2. Arbitration ANSWER involves an independent third party hearing arguments from both disputing parties
and making a legally binding decision to resolve the conflict.
3. Artificial intelligence (AI) ANSWER involves using computerised systems to simulate human
intelligence and mimic human behaviour.
4. Autocratic management style ANSWER involves a manager making decisions and directing
employees without any input from them.
5. Automated production lines ANSWER involve machinery and equipment that are arranged in a
sequence, and the product is developed as it proceeds through each step.
6. Awards ANSWER are legal documents that outline the minimum wages and conditions of work for employees
across an entire industry.
7. Business change ANSWER is the alteration of behaviours, policies, and practices of a business.
8. Business objectives ANSWER are the goals a business intends to achieve.
9. Career advancement ANSWER is the upwards progression of an employee's job position.
10. Change step ANSWER involves moving a business towards its desired state.
11. Communication ANSWER is the skill of ettectively transferring information from one party to another.
12. Communication as a low-risk strategy ANSWER involves managers openly and honestly
transferring information to employees, and listening to their feedback so that employees are fully aware of the
reasons for, and
impacts of an upcoming change.
13. Computer-aided design (CAD) ANSWER is digital design software that aids the creation,
modification, and optimisation of a design and the design process.
14. Computer-aided manufacturing techniques (CAM) ANSWER involve the use of software
that con- trols and directs production processes by coordinating machinery and equipment through a computer.
15. Consultative management style ANSWER involves a manager seeking input from employees
on business decisions but making the final decision themselves.
16. Corporate culture ANSWER is the shared values and beliefs of a business and its employees.
17. Corporate social responsibility (CSR) ANSWER is the ethical conduct of a business beyond
legal obliga- tions, and the consideration of social, economic, and environmental impacts when making business
decisions.
18. Cost cutting ANSWER is the process of reducing business expenses.
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, VCE Business Management Units 3&4 (2026) Questions and Answers
19. Customers ANSWER are individuals or groups who interact with a business by purchasing and utilising its
goods and services.
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1. Agreements ANSWER are legal documents that outline the wages and conditions of employees and are
applicable to a particular business or group of businesses.
2. Arbitration ANSWER involves an independent third party hearing arguments from both disputing parties
and making a legally binding decision to resolve the conflict.
3. Artificial intelligence (AI) ANSWER involves using computerised systems to simulate human
intelligence and mimic human behaviour.
4. Autocratic management style ANSWER involves a manager making decisions and directing
employees without any input from them.
5. Automated production lines ANSWER involve machinery and equipment that are arranged in a
sequence, and the product is developed as it proceeds through each step.
6. Awards ANSWER are legal documents that outline the minimum wages and conditions of work for employees
across an entire industry.
7. Business change ANSWER is the alteration of behaviours, policies, and practices of a business.
8. Business objectives ANSWER are the goals a business intends to achieve.
9. Career advancement ANSWER is the upwards progression of an employee's job position.
10. Change step ANSWER involves moving a business towards its desired state.
11. Communication ANSWER is the skill of ettectively transferring information from one party to another.
12. Communication as a low-risk strategy ANSWER involves managers openly and honestly
transferring information to employees, and listening to their feedback so that employees are fully aware of the
reasons for, and
impacts of an upcoming change.
13. Computer-aided design (CAD) ANSWER is digital design software that aids the creation,
modification, and optimisation of a design and the design process.
14. Computer-aided manufacturing techniques (CAM) ANSWER involve the use of software
that con- trols and directs production processes by coordinating machinery and equipment through a computer.
15. Consultative management style ANSWER involves a manager seeking input from employees
on business decisions but making the final decision themselves.
16. Corporate culture ANSWER is the shared values and beliefs of a business and its employees.
17. Corporate social responsibility (CSR) ANSWER is the ethical conduct of a business beyond
legal obliga- tions, and the consideration of social, economic, and environmental impacts when making business
decisions.
18. Cost cutting ANSWER is the process of reducing business expenses.
1/
15
, VCE Business Management Units 3&4 (2026) Questions and Answers
19. Customers ANSWER are individuals or groups who interact with a business by purchasing and utilising its
goods and services.
2/
15
