Managing The Business 1 | Management Skills Courses

The Managing The Business 1 Quiz

1. All companies would be well advised to plan how they can take protective measures because;-
Select all that apply

Protecting the company and its future is the top priority for most business owners

Any large business that uses the outsourced services of smaller third parties or subcontractors may specifically exclude those who don’t have a Business Continuity Plan in place.

Small companies will not be able to afford it

A very high percentage of businesses affected by an incident such as data loss, will never resume trading, or will cease trading within a year.

2. Emergency plans should include;-.
Select all that apply

assigning roles and responsibilities to people who will take charge in an emergency, such as fire wardens or first aiders

ensuring the responsible people are known and clearly visible to staff, their authority easily recognised in an emergency

The process for fire drills and evacuation to be rehearsed regularly, with everyone knowing what action is expected of them.

Calling the emergency services

3. Business Continuity Management (BCM) usually involves having a contingency plan in place should disaster strike, to ensure that essential functions can continue during and after the disaster, and to minimize the disruption by avoiding the impact of an unplanned interruption of service.

True

False

4. A company CSR policy must include the business’ Health and Safety Policy

True

False

5. The critical path is the length of the sequence of tasks that have to be completed individually so that the project is completed.

True

False

6. When the exact specification for the project is defined and agreed it should;-
Select all that apply

Define the objectives and outcomes of the project

Define timescales, budget, scope, authority

Establish staffing resources required and ideally nominate the team

Define milestones at which progress will be reviewed and measured

7. When planning a project, its scope is agreed with the management who are financing the project. The intended Project Manager will usually be directly involved in this stage, and will not allow any negotiation or debate.

True

False

8. In an evolution of CSR strategy, forward thinking companies are increasingly helping to support poorer communities in areas that could one day become rewarding markets for them.

True

False

9. Producing a formal written CSR policy
Select all that apply

helps the management team to focus on what is important to them and how they want the business to be perceived by others

Fulfils a legal requirement

enhances a company’s credibility

helps to identify core values

10. When planning a project, particular attention needs to be paid to interdependent tasks, where one task cannot be begun until another is completed.

True

False

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