Leaving Cert Business Online Quiz

Abraham Maslow developed the Hierarchy of Needs theory in his 1943 paper, A Theory of Human Motivation. Douglas McGregor is known for Theory X and Theory Y.

Laissez-faire is a French term that translates to let do or leave to do. In management, it refers to a leadership style where managers provide little direction and allow employees to make their own decisions.

An autocratic leadership style is characterized by individual control over all decisions with little input from group members. Hitler's leadership is a historical example of this style.

The Data Protection Act 1988 is the relevant legislation in Ireland regarding the processing of personal data. Other jurisdictions have different dates, but 1988 is the standard answer for this context.

The Employment Appeals Tribunal (EAT) was a body in Ireland that adjudicated on disputes between employers and employees regarding employment rights.

Inertia selling refers to the practice of sending unsolicited goods to consumers and then demanding payment if they are not returned. This is generally prohibited under consumer protection laws.

A breach of a condition (a major term of the contract) allows the innocent party to terminate the contract. A breach of a warranty (a minor term) only allows for a claim for damages, not termination.

Caveat Emptor is a Latin phrase meaning let the buyer beware. It signifies that the buyer is responsible for checking the quality and suitability of goods before making a purchase.

The Sale of Goods and Supply of Services Act was enacted in 1980 in Ireland to protect consumers and regulate the sale of goods and services.

A breach of contract occurs when one party fails to perform their obligations as agreed. This failure gives the other party the right to terminate the contract and potentially seek damages.

A contract can be formed through written documents, oral agreements, or even by the conduct of the parties (e.g., picking up an item in a shop and paying for it).

The essential elements for a valid contract are Agreement (Offer and Acceptance), Consideration, Intention to create legal relations, Capacity, Consent, and Legality of purpose.

A contract is defined as an agreement between two or more parties that is intended to be legally binding and is enforceable by the courts.

In the standard Irish business curriculum, the non-legislative conflict resolution process is typically ordered as Negotiation, followed by Conciliation, and then Arbitration. Therefore, Conciliation is the second step.

Negotiation is the first step in the non-legislative process for resolving industrial disputes, where the parties attempt to reach an agreement directly.

Collective bargaining is a mechanism used to resolve conflict or negotiate terms, rather than being a source of conflict itself. The other options represent common areas where stakeholders may have competing interests.

Job security is a classic example of a competitive relationship because employees want maximum security, while employers often seek flexibility to reduce costs.

Stakeholders are interdependent; a decision made by management, such as cutting costs, directly impacts the interests of employees, suppliers, and shareholders.

ICTU (Irish Congress of Trade Unions), IBEC (Irish Business and Employers Confederation), and IFA (Irish Farmers Association) are major interest groups in Ireland. GBI is not a recognized major national interest group.

Rights in employment are protections and benefits guaranteed TO employees by law or contract (joining unions, receiving wages, getting a contract). Doing work is not a right - it is an obligation or responsibility that employees owe to their employer. The question asks what is NOT a right, and doing work is a duty, not a right.

Investors typically provide capital and face financial risk regarding their return on investment. Entrepreneurs undertake commercial risk by starting and operating a business venture.

Social entrepreneurs start businesses primarily to solve social or environmental problems, meaning their primary motive is not necessarily profit.

This is the fundamental definition of a business: an organization that produces or trades goods and services to satisfy customer needs.

The correct spelling is Entrepreneur, derived from the French word for someone who undertakes a project.