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Which of these options do you prefer?
Correct answers given after each question
Incorrectly answered questions re-presented later
Management 0002
1.
Which writer on management died aged 95 during 2005?
Christopher Tugendhat
Henri Fayol
Milton Friedman
Peter Drucker
2.
What does ISO9000 measure?
Failure rates
Consistency of business processes
Output rates
Work rates
3.
In business, what does a Gearing Ratio measure?
Borrowing relative to capital
Liabilities relative to assets
Debt relative to cash and debtors
Equity relative to creditors
4.
What does WLAN stand for?
West Lothian Administrative Network
WiFi Linked Area Network
Wireless Local Admin Net
Wireless Local Area Network
5.
According to David Frey, how many small businesses start with no marketing plan?
28 per cent
48 per cent
78 per cent
98 per cent
6.
In which field of management was Henri Fayol a significant writer?
Financial planning and control
Mergers and acquisitions
Niche marketing
Scientific organisation of labour
7.
Value based pricing is a method of pricing base upon what?
An intermediary's perceived value
Guaranteed gross margins
Marking up from the cost price
What the market will bear
8.
When setting business goals, SMART stands for Specific, Measurable and which three other words?
Appropriate, reasonable, truthful
Accurate, robust, timely
Achievable, realistic, time-based
Ambitious, relative, thorough
9.
What are the four Ps within a classical marketing mix?
Product, Price, People, Plan
Product, Price, Place, People
Product, Price, Place, Promotion
Product, Price, Plan, Process
10.
Who is credited with saying "It is better to pay a creditor than give to a friend"?
Aristotle
Richard Milhous Nixon
George W Bush
Tony Blair
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