Miss Borkin Business paper 1 revision

which is a financial method of motivation?

• commission

• job sharing

• greater responsibility

• training

Which of the following is an example of on the job training?

• A health and safety course at a local college

• An ICT course at a training centre.

• Observing an employee doing her job

• Studying for a degree online

Which of the following is correct when a business uses just-in-case stock control rather than just-in-time stock control?

• Deliveries are more frequent

• Less warehouse space will be needed

• C Stock is less likely to go out of date.

• Sudden increases in demand are not a problem

Which of the following is a benefit of using a website to provide information to customers?

• Can include answers to customer questions

• Followers can comment on your posts.

• Goods and services can be sold online 24/7.

• Products can be sold in many countries.

Which of the following describes the total quality management approach (TQM)?

• Checking for faults only at the end of production

• Preventing mistakes

• Recalling faulty products sold

• Repairing returned items free of charge.

Which of the following is one of the four factors of production?

• Competitors

• Enterprise

• Growth

• Quality

Which of the following characteristics of an entrepreneur is the ability to develop new ideas/products?

• determined

• hard working

• innovative

• organised

which of the following describes the chain of command?

• The allocation of a task to someone who would not normally be responsible for it.

• The line of authority within a business along which communication passes.

• The number of employees directly managed by another employee.

• The number of layers of authority in a business’ organisational structure.

Which of the following is a definition of a part time contract of employment?

• An employee shares the responsibilities of a single job with another employee.

• An employee works a number of hours equal to a normal working week.

• An employee works a specific amount of time, then the contract will end

• An employee works for fewer hours than a normal working week.

Which of the following is the formula for total costs?

• Fixed cost per unit + variable cost per unit

• Total variable costs + average unit costs

• Total variable costs + fixed costs

• Variable cost per unit × number of units