Business Unit 1 Revision

SWOT stands for:

• strengths, weaknesses, opponents and threats

• strengths, wealth, opponents and threats

• strengths, weaknesses, opportunities and threats

• none of the above

Strengths and weaknesses are internal factors

• True

• False

Opportunities and threats are internal factors

• True

• False

Opportunities and threats are:

• External factors

• Internal factors

• None of the above

SWOT is an analytical tool used to:

• measure business profit

• define management strategies

• understand only internal factors

• identify the key internal and external factors that should be considered to achieve success in a project

As a Business, do you have control over external factors?

• Yes

• No

The characteristics of an effective leader include:

• take calculated risks

• have courage at the time of controversies

• accept their mistakes

• all of the above

A disadvantage of a democratic leadership style is:

• Joint skills

• Greater motivation and commitment

• Time consuming

• None of the above

In an autocratic leadership style:

• Employees cannot question decisions

• There is little opportunity to give suggestions

• Quick decisions are made

• All of the above

The Laissez-Faire leadership style is recommended when:

• The team is highly capable

• One person is in charge

• The team is not capable

• None of the above