Business workshop for IB certificants (First Part)

Which of the following is NOT typically considered a business sector?

• Primary

• Secondary

• Tertiary

• Quaternary

What is the first element of a business plan?

• Marketing strategy

• Executive summary

• Financial projections

• Operational plan

A for-profit social enterprise primarily aims to:

• Generate profits while addressing social issues

• Provide free services to the community

• Minimize environmental impact

• Employ volunteers exclusively

Which of the following describes a non-profit social enterprise?

• Focused on maximizing shareholder value

• Aimed at making a profit for reinvestment in social causes

• Generates revenue to support social objectives, but does not distribute profits

• Operates like a traditional business with no social mission

The Ansoff Matrix is used for:

• Employee performance evaluation

• Strategic planning and market growth strategies

• Financial forecasting

• Production efficiency analysis

Internal stakeholders include all of the following EXCEPT:

• Employees

• Shareholders

• Suppliers

• Management

Economies of scale refer to:

• Increased costs as production rises

• Reduced per-unit costs as production increases

• No change in cost with production levels

• Higher costs for smaller production runs

A multinational company is defined as one that:

• Operates in a single country

• Operates in multiple countries with integrated operations

• Focuses on local markets only

• Is publicly traded

A fishbone diagram is primarily used for:

• Forecasting sales

• Identifying the root causes of a problem

• Financial analysis

• Strategic planning

Which analysis tool helps in evaluating the pros and cons of a decision?

• Fishbone diagram

• Decision tree

• SWOT analysis

• Balance sheet