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Internal operations of a large business · Part 1 of 6
6 exam-style questions with model answers, plus 10 quick multi-choice questions — every question on this part of the standard, grouped by the 2 pages of notes they come from.
Write a full answer before you reveal the model one. That comparison is where the learning happens.
Explain what a business means by a business goal, and give one example of a goal a large New Zealand business might set.
A large New Zealand business decides to publish its supplier payment times on its website.
Fully explain ONE advantage of this decision, and how it could positively impact the business.
A large business is deciding whether to spend its limited budget on publishing its supplier payment times, or on a television advertising campaign.
Referring to brand reputation and cost, justify, with TWO reasons, which option would be more appropriate for the business.
Explain what is meant by kaitiakitanga in a business context.
A large food-processing business is choosing between two ways of disposing of the waste water from its plant.
Using the concept of kaitiakitanga, fully explain why the business may not choose the cheaper option.
An iwi-owned forestry business is offered a price for its land that is well above market value by an overseas investor.
Referring to rangatiratanga and long-term returns, justify, with TWO reasons, whether the business should accept the offer.