1) Which type of decision is a short term, day to day decision? a) Strategic b) Tactical c) Operational 2) Which type of decision is made by senior managers? a) Strategic b) Tactical c) Operational 3) Which type of decision is high risk? a) Strategic b) Tactical c) Operational 4) Which type of decision is made my middle managers and is medium risk? a) Strategic b) Tactical c) Operational 5) Which method of growth occurs when two businesses from the same sector of industry become one business? a) Internal Growth b) Diversification c) Horizontal Integration d) Forward Vertical e) Backward Vertical 6) Which method of growth occurs when a business takes over or merges with a business in an earlier sector of industry? a) Internal Growth b) Diversification c) Horizontal Integration d) Forward Vertical e) Backward Vertical 7) Which method of growth occurs when a business decided to grow on their own without getting involved with other organisations? a) Internal Growth b) Diversification c) Horizontal Integration d) Forward Vertical e) Backward Vertical 8) Quality may suffer due to a lack of competition is a disadvantage of which type of method of growth? a) Internal Growth b) Diversification c) Horizontal Integration d) Forward Vertical e) Backward Vertical 9) Which type of organisation is a business that has operations in more than one country? a) Franchise b) Public limited company c) Private limited company d) Multinational e) Charity 10) Which of these is an advantage of a multinational organisation? a) Language barriers can slow down communcation b) Wages and raw material costs are lower in host countries c) Time differences can hinder communcation d) Exchange rates can affect purchasing 11) What type of external factor is changing VAT rates? a) Political b) Economic c) Social d) Technological e) Environmental f) Competitive 12) Which type of external factor is carbon footprint? a) Political b) Economic c) Social d) Technological e) Environmental f) Competitive 13) Which type of external factor is ethical considerations? a) Political b) Economic c) Social d) Technological e) Environmental f) Competitive

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