Font size
WorksheetsHigher Business Management
Total questions: 25
Worksheet time: 13mins
What are the 4 sectors of industry?
Private, Public, Third, Voluntary
Primary, Secondary, Tertiary, Quaternary
Private, Public, Government, National
Multinational, Domestic, Private, Secondary
There are 3 sectors of the economy
True
False
What happens in the Primary sector?
Extraction of raw materials
Manufacturing of products
Provision of service
Provision of information
The secondary sector involves
Extraction of raw materials
Manufacturing of products
Provision of service
Provision of information
The tertiary sector involves
Extraction of raw materials
Manufacturing of products
Provision of service
Provision of information
The quaternary sector involves
Extraction of raw materials
Manufacturing of products
Provision of service
Provision of information
To be a multinational corporation, a company must...
Sell goods/services in more than one country
Export to foreign locations
Import from abroad
Manufacture in more than one country
In a franchise agreement, the person buying in is the...
Franchisee
Franchisor
A PLC is owned by
Shareholders
Managers
Board of Directors
Family and Friends
A PLC is controlled by
Shareholders
Board of Directors
Managers
Family and Friends
A PLC is financed by
Sales of shares
Taxation
Bank Loans
Mortgages
External Factors are
Political, Economic, Social, Technological, Environmental, Competitive
Political, Ergonomic, Social, Technological, Environmental, Competitive
Police, Economic, Standard, Technological, Expected, Corporate
Public, Expected, Standards, Technical, Electronic, Corporate
Span of control is
Having a large number of managers to report to
Managing multiple branches
The number of subordinates controlled by a manager
The number of departments in an organisation
Strategic decisions are concerned with short term, day to day decisions
True
False
Role of the Manager Mnemonic
POCGADSCIE
ACCATOA
POCCCDM
AACATCOA
Internal Factors include
Finance, Information, Staffing, Technology
Finance, Innovation, Staffing Technology
Finance, Information, Social, Technology
Finance, Information, Social, Tactical
Listening to customer input before creating a product is...
Product Led
Market Led
Creating then telling customers about your product is...
Product Led
Market Led
Market research is used to
Anticipate, meet and satisfy customer needs/wants
Raise Awareness
Promote and publicise company
All of the above
Which of these is not part of the Bostonmatrix
Problem Pig
Star
Dog
Cash Cow
Quality control checks products throughout the production process
True
False
Quality Assurance checks quality throughout the production process
True
False
Induction training takes place
When an employee joins the organisation
At the first appraisal
As a refresher - as and when required
Autocratic leadership involves listening to views of others
True
False
Final accounts are made up of
Cash Budget and Cash flow statement
Income Statement and Statement of Financial Position
Income Statement and Cash Budget
Cash Budget and Statement of Financial Position
