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Business Management 2025 Exam Revision Questions with Correct Answers

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Business Management 2025 Exam Revision Questions with Correct Answers

Institution

BUSINESS MANAGEMENT

Course

BUSINESS MANAGEMENT

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Institution: BUSINESS MANAGEMENT
Course: BUSINESS MANAGEMENT

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Uploaded on: January 1, 2025
Number of pages: 10
Written in: 2024/2025
Type: Exam (elaborations)
Contains: Questions & answers

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business management 2025 exam revision questions w

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Business Management 2025 Exam Revision
Questions with Correct Answers
typesAofAbusinessesAincludingAsoleAtraders,Apartnerships,AprivateAlimitedAcompanies,ApublicAlistedAcompa
nies,AsocialAenterprisesAandAgovernmentAbusinessAenterprisesA-ACORRECTAANSWERA-soleAtrader-
AAAbusinessAownedAandAoperatedAbyAoneAperson

AD-ACompleteAcontrol,ANoApartnerAdisputes,ALowAcostAofAentry

DISAD-
AUnlimitedAliabilityA(ownersAresponsibility)AforAbusinessAdebts,AIllness/holidayAmeansAhardAtoAoperate,

DifficultyAraisingAfinanceAforAexpansion

partnership-AAAbusinessAownedAandAoperatedAbyAaAminimumAofA2AandAaAmaximumAofA20Apeople.

AD-ASharesAresponsibilityAandAworkload,ABusinessAcontinuesAwhenAaApartnerAisAill,ALessAcostlyAtoAoperate

DISAD-AUnlimitedAliability,ALiabilityAforApartners'Adebts,ADisputesAbetweenApartnersAcanAoccur

privateAlistedAcompany-
AAnAincorporatedAbusinessAwhichAhasAaAminimumAofA1AandAaAmaximumAofA50Ashareholders,AwhoseAshares

AareAonlyAofferedAprivatelyAtoApeopleAwhoAtheAbusinessAwishesAtoAhaveAasAowners.

AD-
ALimitedALiabilityA(responsibleAforAdebtsAincurredAonlyAtoAextentAofAtheirAinvestment),AGrowthApotential,AE

asierAtoAraiseAcapital

DISAD-AComplexAandAexpensiveAtoAestablish,ATooAmuchAgrowthAmayAresultAinAinefficiencies

publicAlistedAcompany-
AAnAincorporatedAbusinessAwithAanAunlimitedAamountAofAshareholders,AwhoseAsharesAareAfreelyAtradedAo

nAtheAAustralianASecuritiesAExchange.

AD-
ALimitedALiabilityA(responsibleAforAdebtsAincurredAonlyAtoAextentAofAtheirAinvestment),AGrowthApotential,AE

asierAtoAraiseAcapital

DISAD-
APublicAdisclosure,AComplexAandAexpensiveAtoAestablish,ATooAmuchAgrowthAmayAresultAinAinefficiencies

socialAenterprise-
AAAbusinessAthatAproducesAgoodsAandAservicesAwithAtheAobjectiveAofAfulfillingAaAsocialAneed.

, AD-
AMeetingAaAsocialAneedAcanAencourageAcommunityAsupportAleadingAtoAanAincreaseAinAprofit,AImprovedAmo

raleAwithinAtheAbusinessAasAemployeesAvalueAtheAwork

DISAD-
ADifficultyAobtainingAcapitalAtoAstartAbusiness,ADifficultAtoAfocusAonAbothAsocialAandAfinancialAobjectives

governmentAbusinessAenterprises-AAAbusinessAthatAisAgovernmentAownedAandAoperated.

A

businessAobjectivesAincludingAtoAmakeAaAprofit,AtoAincreaseAmarketAshare,AtoAfulfilAaAmarketAand/orAsocialA
needAandAtoAmeetAshareholderAexpectationsA-ACORRECTAANSWERA-whatAareAbusinessAobjectives?

theAbroaderAaimAofAwhatAaAbusinessAisAtryingAtoAachieve,AgivingAtheAbusinessAdirection.

Vision:AWhatAtheAbusinessAwantsAtoAbecomeAinAtheAfuture

Mission:AWhatAtheAbusinessAstandsAfor,Ait'sApurposeAandAhowAitAwillAoperate

ToAmakeAaAprofit-AProfitA=ARevenueA-AExpenses

IncreaseAmarketAshare-
AMarketAshare:AisAtheAproportionAofAsalesAbelongingAtoAaAbusinessAoutAtheAtotalAsalesAinAanAindustry,Aoften

AmeasuredAasAaApercentage.

ToAfulfilAaAmarketAneed-
AAAmarketAisAaAspecificAgroupAorAindustryAthatAaAbusinessAfocusesAonAsellingAgoodsAorAservices.AThereAnee

dsAtoAbeAaAdemandAforAit

ToAfulfilAaAsocialAneed-ASocialAneedsAareAfocusedAonAtheAcommunityAandAhowAtheyAcanAbenefitAothers

ToAmeetAshareholderAexpectations-
AshareholdersAhaveAinvestedAmoneyAintoAtheAcompanyAsoAexpectAaAreturnAonAtheirAinvestmentAthroughAdi

videndsAand/orAcapitalAgains:

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