EBUS1514 Tutorial quiz

Which one of the following is NOT a characteristic of the business environment

• Interrelated

• Unstable

• Certainty

• Complex

There are 3 business environments: The micro-; ______ - and the macro environments.

Select all which are applicable - The market environment variables are:

• Consumers

• Suppliers

• Creditors

• Competitors

True or False - Effectiveness is doing the right things

• True

• False

True or False - The resale market and the product form market are examples of the types of markets within the market environment

• True

• False

Please select all which are applicable - The following examples relate to the Economic Force in the Macro environment

• Interest rates

• Inflation

• Development level of the market

• Trade cycles

The fundamental management functions are: Planning, _______, Organising and Controlling

True or False - Coordination is an additional management function

• True

• False

True or False - there are 3 types of competition between competitors in the market environment

• True

• False

Select all the organisational resources that are applicable

• Human resources

• Natural resources

• Information resources

• Development resources

• Physical resources