Business organization and environment

What are the elements of the PESTLE analysis?

• Political, Economic, Social, Technological, Legal and Ecological

• Political, Ethical, Social, Trade, Legal and Economic

• Political, Economic, Social, Technological, Lifestyle and Ethical

• Poltiical, Ethical, Social, Trade, Lifestyle and Economic

Which of the following is an advantage of being a big business?

• Large firms have greater profitability and higher returns on investment

• Large firms have a greater chance of surviving

• Large firms are flexible and can give a competitive advantage

• Large firms have more cachet

In the division of responsibilities between franchisor and franchise, the franchisor will provide:

• The stock, the uniforms and the staff

• The stock, the uniforms and wages

• Global advertising, global promotions and staff training

• Global advertising, global promotions and staff

What possible problems a start-up may face?

• Raising start-up capital was too difficult

• Raising short-term finance was difficult

• Goals were too vague

• Goals were too contradictory

Which of the following sector is typical of "post-industrial" economies?

• Primary sector

• Secondary sector

• Tertiary sector

• Quartenary sector

What business function is to ensure that the business offers a product or service that is desired by a sufficient number of people or businesses for profitable operations?

• Human Resource

• Finance and accounts

• Marketing

• Operations management or production

What is a company?

• A person who owns and runs their own business and who has complete control over decisions

• A business organization established for a specific purpose and registered according to local or national legislation

• A business owned and controlled by two or more people who share responsibility and decision making

• A form of non-governmental organization whose aim is to provide relief for those in need

Which of the following is a non-governmental organization (NGO)?

• Oxfam

• Amnesty International

• Catholic Charities USA

• Save the Children

The surplus generated from a charity's business activities are used to:

• Lend money at lower rates of interest than banks or other financial institutions

• Reward shareholders for investing in the charity

• Advance the social purpose of organization

• Ensure the survival and growth of the business

A cooperative which provides a service to its consumers who are also part owners of the business is known as:

• A housing cooperative

• A worker's cooperative

• A producer cooperative

• A consumer cooperative