General revision IGCSE Business

which of the following is a feature of a public corporation

• It is owned by the board of directors

• It is funded by the government

• it aims to maximise profits

• it is not accountable to anyone

The transfer of public sector resources to the private sector is called what?

• Nationalisation

• Rationalisation

• Segmentation

• Privatisation

What is an appropriate form of business for a self employed taxi driver

• Multinational

• Public Limited Company

• Sole Trader

• Cooperative

'Place' is the same as location

• True

• False

The primary function of the wholesaler is to break bulk for the retailer.

• True

• False

A negative effect of globalization is _________.

• a.better jobs

• b. the ability to communicate with people all over the world

• c. technology

• d. loss of jobs

Globalisation is good because of an ________________ in standard of living , but is bad because there is a _____________ in local cultures and traditions

• increase / decrease
• decrease / increase
• increase / increase
• decrease / decrease

An economic term that describes people who do one job using the resources they have.

• Fair trade

• commodity

• specialization

• infrastructure

Which might be one of the opportunities to businesses arising from globalization?

• Protection from international takeovers

• Lower level of inflation

• an improvement in product quality

• Lower cost due to economies of scale

A fast method of growth is a key advantage for which business structure?

• Franchisor

• Partnership

• Franchisee

• Social Enterprise