Key Functions: General Management, Administration, and Financial (Grade 10 NSC Matric Business Studies): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
What is lower level management also called?
What is lower level management also called?
First management level
Which management task involves establishing clear performance standards?
Which management task involves establishing clear performance standards?
Controlling
What is the primary responsibility of general management?
What is the primary responsibility of general management?
Coordinate all business functions
What is a key feature of a matrix organisational structure?
What is a key feature of a matrix organisational structure?
More than one line of reporting managers
What role does the administration function serve?
What role does the administration function serve?
Information hub of the business
How does information differ from data?
How does information differ from data?
Information is processed data
What is unique about government grants as a financing source?
What is unique about government grants as a financing source?
Does not need repayment if benefits community
What does working capital cover?
What does working capital cover?
Day-to-day activities of the business
What is a characteristic of own capital?
What is a characteristic of own capital?
Permanent funding that needn't be repaid
What type of decisions does middle level management make?
What type of decisions does middle level management make?
Medium-term tactical decisions