Revision

A sector that is involved in making things e.g. car manufacturing, is known as what?

• Primary sector

• Tertiary sector

• Quaternary sector

• Secondary sector

This objective is for the business to continue to trade over a defined period of time, rather than to submit to some form of commercial pressure and be forced to cease trading.

• Profit maximisation

• Social

• Survival

• Cash flow

This is where a firm produces an increased range of unrelated goods and services.

• Diversification

• Social

• Profit maximisation

• Cash flow

To calculate sales revenue = .................... x quantity

• Total variable costs

• Total costs

• Profit

• Price

(a)   costs are those that do not change e.g. rent.

Organisations owned and/or financed by central and local government.

• Public sector

• Private sector

• Public limited company

• Private limited company

This is a company were the owner is personally responsible for it's debts (unlimited liability). It is owned and run by one person.

• Public limited company

• Private limited company

• Sole trader

• Private sector

..............................is how much a company is worth and is worked out by multiplying the total number of shares  issued by the current cost per share.

• Net profit

• Cash flow

• Share capital

• Market capitalisation

Which type of leadership style is used when there is little or no input from group members.

• Laissez-faire

• Democratic

• Autocratic

In Tannenbaum and Schmidt continuum of leadership, which type of manager allows teams to develop options & decide on actions defined by the manager?

• Tell

• Joins

• Sell

• Consult