GCSE Business Mock Revision 2

Is the process of finding and  appointing new employees.

• Recruitment
• Retention
• Interview
• Appraisal

Is when a job vacancy is filled by somebody from outside the business.

• Internal recruitment
• External recruitment

Is when a job vacancy is filled from within the existing  workforce.  

• Internal recruitment
• External recruitment

Is the giving of job related skills and knowledge to an  employee.  

• Training
• Motivation
• Job enrichment
• Authority

Is the range of factors that influence people to behave in certain ways.

• Training
• Motivation
• Job enrichment
• Authority

What is the formula for Profit/Loss?

• Fixed Cost + Variable Cost
• Revenue - Total Costs
• Sales X Price
• Revenue + Total Costs

Means having power or control over something.

• Training
• Motivation
• Job enrichment
• Authority

Is a historical record of the cash inflows and outflows that have taken place over a period of time.

• Cash flow
• Cash flow forecast
• Cash flow statement
• Liquidity

Costs which vary directly with the amount of products made or sold.

• Fixed costs
• Variable costs

Are additional payments made to employees on top of their wages or salaries, such as bonuses.  

• Monetary benefit
• Non-monetary benefit