One advantage to a business of providing ongoing training to its employees is:

Improved employee skills and productivity

Decreased employee satisfaction

One drawback to a business of not being able to retain its employees is:

Increased training costs for new employees

Higher employee retention rates

Q12. One benefit to a business of having performance reviews with its employees is:

Decreased employee satisfaction

Q14. Explain one disadvantage to a small business of using an overdraft as a source of business finance.

Overdrafts can lead to high interest costs.

Overdrafts improve cash flow flexibility.

Overdrafts are a permanent source of finance.

Overdrafts require no repayment schedule.

One disadvantage to a small business of using a focus group to collect market research data is:

It is time-consuming and expensive.

It guarantees accurate results.

It eliminates the need for surveys.

One advantage of opening up a business as a franchise is:

B. Established brand recognition

C. Complete operational freedom

D. Lack of support from franchisor

Q17. One advantage of starting a business as a private limited company is:

Limited liability for shareholders

Unlimited liability for shareholders

Easier to raise capital through public shares

No legal distinction between the company and its owners

Explain one advantage to a business of improving its environmental sustainability.

Cost savings through more efficient resource use

Increased regulatory compliance

One advantage to a business of producing a high-quality product is:

Increased customer satisfaction

Q22. Explain one advantage to a small business from using e-commerce.

E-commerce enables small businesses to reach broader markets beyond their local area without significant overhead costs associated with physical storefronts, facilitating increased sales opportunities.

E-commerce limits small businesses to local markets, increasing overhead costs.

E-commerce requires significant investment in physical storefronts.

E-commerce decreases sales opportunities for small businesses.

One advantage to a small business from using retained profit as a source of finance is:

It does not incur interest costs.

It increases the company's debt.

Q24. Explain one advantage to a small business of meeting all employment legislation.

Avoids legal disputes or penalties

One advantage to a small business of using market mapping is:

It helps identify market gaps and opportunities.

It guarantees immediate success.

Q27. Explain one advantage to a small business of using trade credit as a source of finance.

It improves cash flow by allowing delayed payment to suppliers.

It increases the business's equity.

It reduces the need for a business plan.

It eliminates the need for a bank account.

One benefit to a business of allowing its employees flexible hours is:

Increased employee satisfaction

One benefit to a business of having a good relationship with its suppliers is:

Improved supply chain efficiency

One benefit to a business of using external recruitment to employ new staff is:

Access to a larger pool of candidates

One benefit to a business of withdrawing a product when it enters the decline phase of its product life cycle is:

Reducing losses from unsold inventory

One benefit to a small business from having a unique selling point is:

Differentiation from competitors

Q36. Explain one benefit to an entrepreneur of buying a franchise to start a business.

Access to an established brand and customer base

Guaranteed success without effort

Q37. Explain one disadvantage of starting a business as a partnership.

B. Shared decision-making can lead to conflicts

A. Limited liability for partners

D. Complete control over business decisions

One disadvantage of starting a small business as a partnership is:

Shared decision-making can lead to conflicts

Complete control over business decisions

One disadvantage to a business of having a flat organisational structure is:

Reduced opportunities for employee promotion

Increased levels of bureaucracy

One disadvantage to a business of having a poor relationship with its suppliers is:

Increased costs due to lack of negotiation power

Q42. Explain one disadvantage to a business of using a just in time (JIT) system of stock control.

A JIT system leaves little room for error in the supply chain.

It ensures a high level of stock at all times.

JIT systems are costlier than traditional systems.

JIT systems guarantee no production delays.

Q43. Explain one disadvantage to a business of using loan capital as a source of finance.

Increased financial risk due to interest obligations

One disadvantage to a small business from using retained profit for expansion is:

It may lead to a lack of funds for other opportunities.

It increases the business's debt.

It requires external financing.

It reduces the owner's control over the business.

One disadvantage to a small business of not paying its employees on time is:

Increased employee satisfaction

One disadvantage to a small business of using qualitative data for market research is:

It is time-consuming and costly to gather.

It provides numerical data that is easy to analyze.

It offers a broad overview of the market.

It is always accurate and reliable.

Business Revision

Authored by Carlon Gittens

Business

9th Grade

Used 4+ times

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MULTIPLE CHOICE QUESTION

30 sec • 1 pt

One drawback to a business if a tariff is placed on the raw materials it imports is:

Increased production costs

Improved product quality

Decreased market competition

Enhanced customer satisfaction

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

One benefit to a business from exporting its products is:

Increased market reach

Higher production costs

Decreased brand visibility

Reduced customer base

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

One benefit to a business of using loan capital as a source of finance is:

It does not dilute ownership.

It provides tax benefits.

It is a permanent source of capital.

It requires no collateral.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

One drawback to a business of using batch production is:

Increased storage costs

Improved product quality

Faster production times

Lower labor costs

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

One impact improved technology may have on a business is:

Increased operational efficiency

Decreased customer satisfaction

Higher employee turnover

Reduced market share

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Q6. One reason why an entrepreneur would produce a business plan is:

To secure funding from investors

To hire employees

To increase product prices

To reduce competition

DRAG AND DROP QUESTION

1 min • 1 pt

(a) may arise between (b) seeking maximum profits and (c) desiring higher wages or better (d) . This tension can lead to disagreements over (e) allocation and company policies.

Conflicts

shareholders

employees

working conditions

resource

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Business Revision

One drawback to a business if a tariff is placed on the raw materials it imports is:

One benefit to a business from exporting its products is:

One benefit to a business of using loan capital as a source of finance is:

One drawback to a business of using batch production is:

One impact improved technology may have on a business is:

Q6. One reason why an entrepreneur would produce a business plan is:

​ (a) may arise between ​ (b) seeking maximum profits and ​ (c) desiring higher wages or better ​ (d) . This tension can lead to disagreements over ​ (e) allocation and company policies.

One objective of employees may be ​ (a) as they seek stable ​ (b) and consistent ​ (c) This drives them to perform well and contribute ​ (d) to the organization's ​ (e)

One advantage to a business of providing ongoing training to its employees is:

One drawback to a business of not being able to retain its employees is:

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(a) may arise between (b) seeking maximum profits and (c) desiring higher wages or better (d) . This tension can lead to disagreements over (e) allocation and company policies.

One objective of employees may be (a) as they seek stable (b) and consistent (c) This drives them to perform well and contribute (d) to the organization's (e)