A business plan consists of Essay

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1. A business plan consists of

(a) marketing, production and financial plans.
(b) demographic, marketing and pricing plans.
(c) process, production and financial plans.
(d) staffing, public relations and financial plans.

2. Which of the following examples reflects political influence on an organisation?

(a) trading hours and labelling
(b) cost structure and labour conditions
(c) trading hours and number of casual workers
(d) inputs and labour conditions.

3. Three key functions of the marketing manager are:

(a) producing, administering and innovating
(b) controlling, paying and organising
(c) arranging, monitoring and collaborating
(d) planning, organising and leading.

4. Since the 1990s there has been a marked decline in employees working standard hours per week. There has been a shift to part-time, casual, contract and temporary employment.

Which of the following best describes the nature of this influence on employment relations?

(a) global
(b) social
(c) structural
(d) technological

Business Management & Enterprise Stage 2 – Semester 1 Examination 2010

5. When undertaking an annual analysis of his business in order to plan for the following year a business manager discovers the following:

loyal employees, vulnerable competitors, slow market growth and, outdated business technology.

The above factors are listed in order of

(a) strength, opportunity, weakness and threat.
(b) strength, opportunity, threat and weakness.
(c) opportunity, strength, threat and weakness.
(d) opportunity, strength, weakness and threat.

6. A Chief Executive Officer revised a company’s organisational structure. The effect of the revision was to increase the number of staff reporting directly to him/her.

This flattening of the management structure would

(a) reduce accountability of senior management.
(d) increase the span of control of the new CEO.
(c) increase the layers of management.
(d) increase accountability of all staff members.

7. Cash flow refers to the money that comes into a business against the money going out of the business

Cash inflows
$
Cash receipts
450,000
Credit supplies payments
80,000
Bank loan
100,000

Cash outflows
$
Loan repayment
20,000
Payments to suppliers
260,000
Purchase of new vehicle 45,000

Cash at the beginning of period
95,000

Cash at end of period
?

From the cash flow information provided above, the cash balance at the end of the period is

(a) $305,000. (b) $400,000. (c) –$320,000. (d) $210,000.

Business Management & Enterprise Stage 2 – Semester 1 Examination 2010

8. The following financial data has been extracted from the records of JJ Pty Ltd on 30th June:

JJ Proprietary Limited – June
$
Cash at bank, 1 June
60 000
Cash sales
30 000
Wages paid
25 000
Cash purchases
25 000
Purchases on credit
10 000
Receipts from debtors
5 000
Payments to creditors
30 000
Dividends received
10 000

Based on this data the Cash at bank balance on 30 June is

(a) 15 000.
(b) 25 000.
(c) 65 000.
(d) 75 000.

9. The basic elements of a contract are:

(a) capacity; agreement; legal form
(b) intention; agreement; consideration
(c) two or more parties; agreement
(d) validity; consent; consideration.

10. When setting up a business, you are legally obliged to register

(a) a business name, a domain name, and a trade mark.
(b) a licence, a tax file number, and a business structure.
(c) an Australian business number, a licence, and a business structure.
(d) an Australian business number, a tax file number, and a business name.

11. A performance appraisal is

(a) a process by which employees are dismissed from a job. (b) a contract between an employee and an employer. (c) an outline of all aspects of a particular position. (d) a process of a supervisor evaluating the standard of work performed.

12. The term ‘target market’ refers to

(a) dividing market place products and services into segments.
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