BST2018 Independent Trials

Which marketing approach relies least on promotional strategies?

• Marketing approach

• Manufacturing approach

• Production approach

• Selling approach

Which of the above distribution choices is most appropriate?

• A

• B

• C

• D

In which stage of the human resource cycle does performance appraisal take place?

• Acquisition

• Development

• Recruitment

• Separation

Which leadership style gives employees the least level of freedom to make decisions?

• Autocratic

• Delegative

• Democratic

• Participative

Which identifies only transformed resources?

• Materials, customers and facilities

• Information, customers and materials

• Facilities, human resources and customers

• Information, facilities and human resources

What is the name given to the core group of customers to whom a business primarily promotes and prices its products?

• Market segmentation

• Mass market

• Niche market

• Target market

Which of the following would help a business achieve cost leadership?

• Economies of scale

• Less use of technology

• Reducing output volume

• Using high quality inputs

Olivia purchased a new car due to the luxurious and classy image she believed the car portrayed. Which factor influenced Olivia's choice?

• Economic

• Government

• Psychological

• Sociocultural

Management of R&J Realty Pty Ltd want to expand their store. They require a short-term loan to pay suppliers. Their bank has given them a written order guaranteeing them the payment for 60 days. What type of finance is R&J Reality Pty Ltd receiving?

• Short term internal debt

• Long term internal debt

• Short term external debt

• Long term external debt

Full time permanent employees in Australia are generally entitled to unpaid parental leave of up to 12 months and 4 weeks of paid annual leave per year. What is the legal basis for this?

• Affirmative action legislation

• Anti discrimination legislation

• Common law contracts

• National Employment Standards