BM1 quiz

____ is a social force that protects consumers against unsafe products and malpractice by exerting moral and economic pressure on businesses.

• Governance

• Business ethics

• Consumerism

• Social responsibility

________ is a production factor that comprises buildings, machinery, cash registers, computers and products, not for final human consumption, but for making possible the production of final consumer products.

• Assets

• Entrepreneurship

• HR

• Capital

The ____ economy is a system of communal ownership in which the individual owns no property, except private domestic assets.

• Market

• Socialist

• Command

• Pure market

A ______ is an autonomous association of persons, who unite voluntarily to meet common economic, social and cultural needs by means of a jointly owned and democratically controlled enterprise.

• Partnership

• Co-operative

• Public company

• Private company

Which of the following is not part of the business environment?

• Micro environment

• Macro environment is

• Market environment

• Mixed environment

Brand names, patents, trademarks and company reputation are examples of _____ resources.

• Tangible

• Intangible

• Fixed

• Variable

Environmental scanning applies to the ____ environment/s of a business.

• Physical

• Internal

• Economic

• Market and macro

King IV comprises ____ principles of corporate governance.

• 15

• 12

• 16

• 17

The four functions of management are

• Planning, leading, controlling, delegating

• Planning, accountability, leading, controlling

• Planning, organising, leading, controlling

• Planning, delegating, leading, accountability

____ goals focus on the vision, mission and long-term goals of an organisation.

• Tactical

• Strategic

• Tactical

• Sustainable