1. Business Management & Enterprise
STRATEGIES AND PROCESSES
UNIT 2 BME QUIZ
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2. Welcome to the Strategies and Processes quiz for Unit 1BBME
You will be given 10 multiple choice questions
Click on the correct answer
Use the links to navigate through the test
To finish the test you must answer all the questions correctly
Are you ready?
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3. Question 1
Which of the following would NOT be purchased using capital expenditure?
Inventory
Equipment
Investment shares
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5. You
are
correct
Question 2
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6. Question 2 The main purpose of a Mission Statement is to:
Outline an explicit statement
of the organisation’s purpose and long term goals.
Provide the chance for reflection and review to ensure that goals do not obscure the mission.
Give a focus for all elements of the organisation's Business Plan.
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8. You
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Question 3
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9. Question 3
The development of a creative new advertising method would be an example of which type of innovation?
Process
Technological
Market
Service
Product
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11. You
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correct
Question 4
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12. Question 4
When a business is restructured and the organisational chart is flattened, what does this mean?
Unwanted front line employees are offered redundancies.
The business is too complex and the chart has to fit on one page.
Job titles are lengthened so that the chart is wider than it is tall.
A layer of middle management is removed.
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14. You
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Question 5
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15. Question 5 One of the purposes of the Marketing Plan is to:
Survey current customers and potential consumers.
Provide a detailed advertising campaign for release to the media.
Assist the business with achieving financial and profit goals.
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17. You
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Question 6
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18. Equivalent with competitors
Question 6
Which of the following would NOT be used by a business owner as a pricing strategy?
Following
Skimming
Price leadership
Equivalent with competitors
Penetration pricing
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20. You
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Question 7
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21. Manufacturer  ?  Wholesaler  Retailer
Question 7
What is missing from the simple distribution network shown below?
Manufacturer  ?  Wholesaler  Retailer
Consumer
Customer
Supplier
Distributor
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23. You
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Question 8
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24. Question 8
In order to raise more capital, a business can use equity financing. What is this?
Money provided to the business by a financial institution.
Assets provided by the business owner.
A loan from a venture capitalist.
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26. You
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Question 9
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27. Question 9
When setting the price of a product, the break even point is:
Total fixed expenses less variable expenses.
The number of sales, or the dollar amount of income, where all expenses are covered.
The difference between the cost of a product and its selling price.
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29. You
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Question 10
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30. Question 10
Which of these is NOT a risk management tool, used to minimise hazards and OHS problems when operating a business?
Quality control
Locked storage
Insurance
Posters about equal opportunity
Staff training in ergonomics
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32. You
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Congratulations
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33. Congratulations!
You have finished
the test
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