LEVEL 3 BUSINESS ADMINISTRATION.1PREDICTED QUESTIONS WITH
ANSWERS .21
A formal summary of the organisation's identity and aim is known as a...
- correct answer 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
- correct answer 4. Primary purpose
Why is it important to communicate aims and objectives in a business?
- correct answer 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
- correct answer 2. Financial market
Why would a highly skilled role remand a higher wage?
- correct answer The labour market for this role is limited.
What is the potential impact of a delay in the supply chain?
- correct answer 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
- correct answer 2. Raw material supply
What effect would an increase in export duties have on an organisation?
- correct answer Fewer products would be ordered
What does the "L" in PESTLE stand for?
- correct answer Legal
The organisation you work for has been researching the introduction of finger print scanning. What part
of PESTLE does this relate to?
- correct answer 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
- correct answer 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
ANSWERS .21
A formal summary of the organisation's identity and aim is known as a...
- correct answer 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
- correct answer 4. Primary purpose
Why is it important to communicate aims and objectives in a business?
- correct answer 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
- correct answer 2. Financial market
Why would a highly skilled role remand a higher wage?
- correct answer The labour market for this role is limited.
What is the potential impact of a delay in the supply chain?
- correct answer 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
- correct answer 2. Raw material supply
What effect would an increase in export duties have on an organisation?
- correct answer Fewer products would be ordered
What does the "L" in PESTLE stand for?
- correct answer Legal
The organisation you work for has been researching the introduction of finger print scanning. What part
of PESTLE does this relate to?
- correct answer 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
- correct answer 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
