Business

Business Studies CH 2.5,3.2

Ch 2.5 Organisations Positive & negative impacts on Communities,

CH3.2Circular flow of Income

Multiple Choice

Which is not a not for profit organisation

• Tesco

• The Zoo

• GAA

• Laura Lynn Foundation

Multiple Choice

A positive environmental impact of business is more energy efficient buildings

• True

• False

Multiple Choice

Which type of Economy has Ireland

• Centrally Planned Economy

• Mixed Economy

• Free Economy

Multiple Choice

Which is a diseconomy of scale

• Workers can specialise

• Increase in cost of production

• Bulk buying can lead to discounts

• Easier to get loans as a larger organisation

Multiple Choice

An example of a leakage from the circular flow

• Government expenditure on health

• Importing

• Exports

• Businesses buying new technology

Multiple Choice

A positive environmental impact of business is more energy efficient buildings

• True

• False

Multiple Choice

Select the negative impact of business on a community

• Extra Income & Employment

• Increase in cost of living

• Development of spin off businesses

• Growth of hospitality service

Multiple Choice

Which is not a factor of production

• Land

• Labour

• Capital

• Taxation

Multiple Choice

Which is not a Government tax

• Corporation

• PAYE

• GDP

• VAT

Multiple Choice

Interest on savings is a source of income in the circular flow of income

• True

• False

Multiple Choice

Plant crops are non-renewable

• True

• False

Multiple Choice

Selling off of state assets is

• Privatision

• Nationalisation

Multiple Choice

One reason why the state would sell off a business

• Provides an essential service

• Business develops our natural resources

• To get a cash payment

• Promote Irish tourism

Multiple Choice

Which is not a source of finance to semi-states

• Charge for the service

• Borrow from banks

• Annual TV licence

• None of the above

Multiple Choice

Select the positive social affect of businesses

• Traffic Jams

• Anti-social behaviour as influx of people

• Small businesses can't compete and close

• Sponsorship for social enterprises