Business Administration exam
quizzes and answers graded A+
A formal summary of the organisation's identity and aim is known as a... - ANS✅✅Mission
statement
Which of the following is ALWAYS included in a business mission?
1. Long term planning
2. Secondary purpose
3. Short term targets
4. Primary purpose - ANS✅✅4. Primary purpose
Why is it important to communicate aims and objectives in a business? - ANS✅✅To ensure staff
awareness
Which of the following factors is responsible for a weakening of currency?
1. Labour market
2. Financial market
3. Globalisation
4. Tourism - ANS✅✅2. Financial market
Why would a highly skilled role remand a higher wage? - ANS✅✅The labour market for this role is
limited.
What is the potential impact of a delay in the supply chain? - ANS✅✅You may have to offer
compensation
Identify the external factor that may affect an organisation;
1. Staff shortage
2. Raw material supply
3. Procedural change
4. Production line change - ANS✅✅2. Raw material supply
, What effect would an increase in export duties have on an organisation? - ANS✅✅Fewer products
would be ordered
What does the "L" in PESTLE stand for? - ANS✅✅Legal
The organisation you work for has been researching the introduction of finger print scanning. What
part of PESTLE does this relate to? - ANS✅✅Technological
If the aim of a project is to increase the new customer base by 6%, within budget before September,
which of the following indicates a successful project?:
1. On budget by August with 7% customer base increase
2. Under budget before June with 4% customer base increase
3. On budget by September with 5% customer base increase
4. Overspend before June with 6% customer base increase - ANS✅✅1. On budget by August with
7% customer base increase
Which of the following indicates a successful project has been completed?
1. all objectives have been met
2. all project aims and objectives have been met
3. most project aims and objectives have been met
4. some project aims and objectives have been met - ANS✅✅2. All project aims and objectives
have been met
In project management, resources such as computers, projectors, tables and whiteboards are
examples of... - ANS✅✅Equipment
Project management requires a budget to be defined...
1. so it can be used
2. so that it is worked within
3. so it can be followed loosely
4. so that purchase orders are paid - ANS✅✅2. So that it is worked within
quizzes and answers graded A+
A formal summary of the organisation's identity and aim is known as a... - ANS✅✅Mission
statement
Which of the following is ALWAYS included in a business mission?
1. Long term planning
2. Secondary purpose
3. Short term targets
4. Primary purpose - ANS✅✅4. Primary purpose
Why is it important to communicate aims and objectives in a business? - ANS✅✅To ensure staff
awareness
Which of the following factors is responsible for a weakening of currency?
1. Labour market
2. Financial market
3. Globalisation
4. Tourism - ANS✅✅2. Financial market
Why would a highly skilled role remand a higher wage? - ANS✅✅The labour market for this role is
limited.
What is the potential impact of a delay in the supply chain? - ANS✅✅You may have to offer
compensation
Identify the external factor that may affect an organisation;
1. Staff shortage
2. Raw material supply
3. Procedural change
4. Production line change - ANS✅✅2. Raw material supply
, What effect would an increase in export duties have on an organisation? - ANS✅✅Fewer products
would be ordered
What does the "L" in PESTLE stand for? - ANS✅✅Legal
The organisation you work for has been researching the introduction of finger print scanning. What
part of PESTLE does this relate to? - ANS✅✅Technological
If the aim of a project is to increase the new customer base by 6%, within budget before September,
which of the following indicates a successful project?:
1. On budget by August with 7% customer base increase
2. Under budget before June with 4% customer base increase
3. On budget by September with 5% customer base increase
4. Overspend before June with 6% customer base increase - ANS✅✅1. On budget by August with
7% customer base increase
Which of the following indicates a successful project has been completed?
1. all objectives have been met
2. all project aims and objectives have been met
3. most project aims and objectives have been met
4. some project aims and objectives have been met - ANS✅✅2. All project aims and objectives
have been met
In project management, resources such as computers, projectors, tables and whiteboards are
examples of... - ANS✅✅Equipment
Project management requires a budget to be defined...
1. so it can be used
2. so that it is worked within
3. so it can be followed loosely
4. so that purchase orders are paid - ANS✅✅2. So that it is worked within
