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- 1. Multiple Choice
The business function that is responsible for keeping all records that will assist management in the decision making process.
General management function
Financial function
Administrative function
Human Resource function
- 2. Multiple Choice
Top management is responsible to …
formulate short-term plans that are then implemented by middle
managers.
develop a strategic, long term plan for the organization.
organize the resources needed by the functional managers.
control the activities of lower level managers to ensure the business
makes a good profit.
- 3. Multiple Choice
… refers to a situation where a third party performs a business function that is normally done within a business.
Delegating
Outsourcing
Organizing
Creative thinking
- 4. Multiple Choice
Triple bottom-line reporting refers to …
reporting on the sustainability of the business, employee skills and contractual obligations.
reporting on profits, the environmental impact of the business and social responsibility.
reporting on financial investments, employee skills and social
responsibility.
reporting on the feasibility of the business, the environmental impact of
the business and contractual obligations.
- 5. Multiple Choice
The … department has to make sure grievance procedures are followed within Telkom.
Marketing department
Human Resources department
Public Relations department
Administration department
- 6. Multiple Choice
Which of the following is the most important characteristic of an entrepreneur?
Adventurous
Dominates others
Risk taker
Weary of challenges
- 7. Multiple Choice
Telkom belongs to the …….sector.
informal
primary
manufacturing
formal
- 8. Multiple Choice
Net profit is
gross profit less operating expenses
sales less cost of sales
the balance of cash in the bank account
the difference between the business’ assets and liabilities
- 9. Multiple Choice
True or false... More job creation will lead to better profits for the business but a lower standard of living in general.
True
False
- 10. Multiple Choice
True or false...A balance sheet includes fixed assets, liabilities, expenses and owners equity.
True
False
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