Business Studies Exercises

What's the difference between internal and organic growth?

• Internal growth refers to expansion from within a company, while organic growth includes both internal and external expansion.

• Internal growth is achieved through mergers and acquisitions, whereas organic growth is achieved through internal efforts.

• Internal growth is slower and more sustainable, while organic growth is rapid and risky.

• Internal growth focuses on increasing market share, while organic growth focuses on cost reduction.

Which of the following is a disadvantage of a public limited company (plc)?

• Less competition in the market due to limited shares.
• Increased regulatory scrutiny and disclosure requirements.
• Easier access to capital through private investors.
• Lower tax rates compared to private companies.

Define the following key terms: Safety, Health, Environmental factors.

• Safety refers to the condition of being protected from harm or other non-desirable outcomes.

• Health is the state of complete physical, mental, and social well-being.

• Environmental factors are external elements like air, water, and soil that can affect living organisms.

• All of the above.

Which of the following are advantages and disadvantages of globalisation?

• Increased economic growth and cultural exchange; Job loss and environmental degradation

• Improved healthcare and education; Loss of cultural identity and increased inequality

• Better technology and communication; Political instability and loss of local businesses

• Enhanced global cooperation and peace; Exploitation of labor and resources

What is the difference between imports and exports?

• Imports are goods brought into a country, while exports are goods sent out of a country.

• Imports are goods sent out of a country, while exports are goods brought into a country.

• Imports and exports are the same, referring to goods traded within a country.

• Imports and exports refer to services only, not goods.

What is the difference between a sole trader and a partnership?

• A sole trader is a single person owning a business, while a partnership involves two or more people.

• A sole trader has limited liability, whereas a partnership has unlimited liability.

• A sole trader requires a partnership agreement, while a partnership does not.

• A sole trader shares profits with partners, whereas a partnership does not.

Which of the following are 2 advantages and 2 disadvantages of a public limited company (plc)?

• Limited liability and access to capital; high regulatory requirements and loss of control

• Unlimited liability and limited access to capital; low regulatory requirements and full control

• Limited liability and limited access to capital; high regulatory requirements and full control

• Unlimited liability and access to capital; low regulatory requirements and loss of control

Globalisation, Multinational, and International trade are terms related to:

• Economics

• Biology

• Chemistry

• Physics

The difference between internal and external recruitment is:

• Internal recruitment involves hiring from within the organization, while external recruitment involves hiring from outside.

• Internal recruitment is more expensive than external recruitment.

• External recruitment is faster than internal recruitment.

• There is no difference between internal and external recruitment.

Which of the following are advantages and disadvantages of a private limited company (ltd)?

• Limited liability and separate legal entity; Limited access to capital and more regulations

• Unlimited liability and no separate legal entity; Easy access to capital and fewer regulations

• Limited liability and no separate legal entity; Limited access to capital and more regulations

• Unlimited liability and separate legal entity; Easy access to capital and fewer regulations