Management of Business Quiz CAPE 1 Name:__________________________________

1. Outline the factors of production needed by a group of people planning to open their own beverage shop.
(8 marks)

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2. State 2 risks associated in a joint venture. (2 marks)

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3. Who owns and who controls a Public Ltd. Company? (2 marks)

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4. Outline 1 advantage and 1 disadvantage from privatization. (2 marks)

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5. Outline how limited liability and continuity help businesses operate effectively. (4 marks)

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6. State 2 reasons why:

- One takes out a franchise than to establish an independent business (2 marks)

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7. Differentiate between: (3 marks)

- Corporate Aim; Mission Statement; Corporate objective.

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8. State 2 corporate objectives and outline 2 factors that would determine it. (6 marks)

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9. Define ‘Operational Objectives’ and ‘Management by objectives’. (2 marks)

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10. Explain how competition and availability of resources influence strategy. (4 marks)

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11. Define Stakeholder and outline the main expectations of the following: Shareholder, Suppliers, and
Competitors. (4 marks)

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12. What is Corporate Social Responsibility? (1 mark)

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13. Explain why good ethical standard in decision making can be an advantage to a business. (2 marks)

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14. Would you advise a chemical company to undertake a voluntary environmental audit? Explain. (3
marks)

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