Business Studies Quiz

What are the two types of External Growth for a business?

• Horizontal Integration and Internal Growth

• Vertical Integration and Conglomerate Merger

• Horizontal Integration and Vertical Integration

• Horizontal Integration and Conglomerate Merger

What is the main aim of the private sector businesses?

• To reduce unemployment

• To make profits

• To increase competition

• To provide public services

According to Maslow's Hierarchy of Needs, which need is fulfilled by having job security?

• Physiological Needs

• Safety/Security Needs

• Social Needs

• Esteem Needs

What is the main function of managers in an organization?

• Coordinating between departments

• Delegating tasks

• All of the above

• Planning

What is the main purpose of a trade union?

• To improve conditions of employment

• To increase competition

• To sell shares to the public

• To provide financial advice

What is the process of identifying that a business needs to employ someone called?

• Job description

• Recruitment

• Job analysis

• Job specification

What is the main advantage of internal recruitment?

• Motivates other employees

• Cheaper

• Potential of the employee is already known

• All of the above

What is the main disadvantage of external recruitment?

• Jealousy among employees

• No rivalry amongst employees

• Potential of the employee is already known

• New ideas come into the business

What is the main advantage of delegation in a business?

• Managers can control everything

• Managers can measure the success of the employees

• Managers feel threatened by subordinates

• Work becomes less interesting for subordinates

What is the main disadvantage of autocratic leadership style?

• Employees feel less involved in decision-making

• Employees are more motivated

• Employees have more freedom

• Employees have less respect for the manager