IGCSE Business Studies review

It is when two or more businesses agree to start a new project together.

• franchise

• social enterprise

• joint venture

• public sector

A business based upon the sue of brand names, promotional logos and trading methods of a successful existing business.

• joint venture

• franchise

• public sector

• social enterprise

Which is NOT true about public sector business?

• government owned

• they provide the necessities

• they aim for high profits

• often they have no close competition

What is business objectives?

• it is the total income of a business less total costs

• are the aims or targets that a business works towards

• a proportion of total market sales achieved by one business

• any person or group with direct interest in the performance and activities of a business

Which is NOT an objective of social enterprise?

• social

• environmental

• financial

• market share

Which stakeholder whose likely objective is to have high salaries for the important work they do for the business?

• customer

• managers

• employees

• community

Which is NOT an internal stakeholder?

• owner

• workers

• mangers

• suppliers

Whose idea is the assumption that all individuals are motivated by personal gain and therefore should be paid more?

• Frederick Taylor

• Abraham Maslow

• Frederick Herzberg

Which of the following is Abraham Maslow's Theory?

• Piece rate

• Hierarchy of Needs

• Hygiene and Motivators

Which of the needs according to Maslow is about being able to achieve status, recognition, achievement and independence.

• physiological

• security

• social

• esteem