Round 1 (Grade 9 & 10)

Which of the following is a benefit of a well-motivated workforce?

• Increased absenteeism

• Lower productivity

• Higher staff turnover

• Improved job satisfaction

What is the purpose of a Trial Balance?

• To prepare financial statements

• To check the accuracy of ledger accounts

• To record transactions

• To prepare a balance sheet

Which of the following is a financial method of motivation?

• Job enrichment

• Performance-related pay

• Job rotation

• Teamwork

Which non-financial method of motivation involves increasing the range of tasks in a job to make it more interesting?

• Job enlargement
• Job rotation

• Job Enrichment

• Job satisfaction

Which of the following is a reason a business might need to reduce its workforce?

• Increased demand for products

• Expansion into new markets

• Technological advancements

• Hiring more skilled workers

What is the accounting equation?

• Assets = Liabilities - Capital

• Assets = Liabilities + Capital

• Assets - Liabilities = Capital

• Assets + Liabilities + Capital

What is the purpose of a Bank Reconciliation Statement?

• To check the accuracy of bank transactions

• To identify errors in the cash book

• To prepare a budget

• To prepare Financial statements

The main role of marketing in a business is to:

• Develop new products

• Increase production efficiency

• Satisfy customer needs

• Reduce costs

Niche marketing focuses on:

• Competing on quality and price

• Specific & narrow segment of the market

• Offering the lowest price

• A large & Broad market

Market segmentation involves:

• Offering the same product to all customers

• Reducing the marketing costs

• Dividing a market into distinct groups of buyers

• Different advertisements to different areas of buyers