WorksheetsAQA GCSE Business (9-1)
Total questions: 38
Worksheet time: 19mins
Select all the qualities of entrepreneurs below?
Hardworking
Risk Taking
Stubborn
Over confident
Organised
What sector of the economy?
Primary
Secondary
Tertiary
A hospital would be part of which sector of the economy?
Primary
Secondary
Tertiary
What are the four factors of production?
Land, Labour, People, Resources
Resources, Enterprise, People, Land
Land, Labour, Capital, Enterprise
Enterprise, Capital, People, Resources
Unlimited liability is a disadvantage of which ownership?
Sole Trader
Partnership
Sole Trader & Partnership
Private Limited Company (Ltd)
How many people can be in a partnership?
2
2-10
2-20
2-100
Select all of the statements that are true about PLC's
Anyone can buy shares
They have limited liability
They are owned by shareholders
The accounts are private
What does the benefit of limited liability give a business?
Increased sales
Reduced competition
Protection of personal assets
Access to a larger market
Businesses with primarily social objectives whose surplus profits are reinvested for that purpose in the business or community are known as...
Not-for-profit
Social Enterprise
Charity
Which of these is not a typical aim of a business?
Survival
Growth
Increase Market Share
Lower Prices
Social & Ethical
Stakeholders are...
Anyone who is affected by a business
Anyone who invests in a business
Revenue =
Sales x Price
Price / Sales
Costs x Sales
Profit - Costs
Which is an example of a fixed cost?
Raw Materials
Rent
Labour
Running Machinery
A business sells 20,000 items in a month at £2.50 each. In the same month the total costs are £35,000. How much profit does the business make?
£65,000
£15,000
£50,000
£25,000
Average cost per unit falls as a business expands is called...
Economies of Scale
Diseconomies of Scale
When a business pays another firm to carry out some of its tasks is known as...
E-Commerce
Outsourcing
Franchising
Takeover
Which of these is not an advantage of buying a franchise?
Potential to make more profit
Access to an established business idea
Have total control of decisions
Less than half of all takeovers and mergers are successful.
True - It is hard to make two different businesses work as one.
False - It allows businesses to grow quickly and reduce costs.
What would be a reason why a business would create a business plan?
It is a legal requirement
It costs time and money
Banks are more likely to provide loans
It will guarantee profit
Select the two laws that businesses must follow?
Low Pay Act
Equality Act
Health & Safety at Work Act
Employee Act
Which of the following is not a disadvantage of advancing technology for businesses?
Can be expensive
Need to train staff
Out of date quickly
Make processes faster
A business has decided to take more environmental responsibility when making decisions. What is the benefit to the business of doing this?
Increased costs
Employees may leave
It will prevent global warming
Create competitive advantage
Low interest rates means that...
Firms and consumers borrow more money and save less
Firms and consumers borrow less money and save more
Firms and consumers borrow more & save more
Firms and consumers borrow less & save less
How might a fine dining restaurant be affected by consumer incomes falling?
Increased sales
Decreased sales
Which market has the most competition?
Supermarkets
Petrol Stations
Car Manufacturers
Restaurants
Globalisation means the world is more...
Interconnected
Expensive
Risky
Profitable
A strong pound means...
Imports are more expensive and exports are cheaper
Imports are cheaper and exports are more expensive
A business has made a decision to become decentralised. What is the benefit of them doing this?
More profitable
Keeps decisions consistent
Authority is shared out
The CEO has a span of control of...
1
4
7
13
This image helps to explain the concept of...
Delayering
Chain of Command
Heirarhcy
Delegation
Which is not a feature of contract of employment?
Job Title
Starting Pay
Holidays
Lunch Options
Which of the statements below is false?
A job can be shared between two people
Working full-time means around 35-40 hours a week
Part-time workers have less rights than full-time
Zero hour contact means that the employer doesn't have to offer them any work
A business has decided to recruit someone externally rather than internally because...
They will already have good experience of the business
It will be cheaper
They may have new ideas
The business will know the candidate well
Qualifications, experience, skills and attitudes needed for the job will be listed on...
Job Description
Person Specification
Which is not a method of financial motivation?
Commission
Profit Sharing
Salary
Piece Rate
Fringe Benefits
Training benefits the employer because...
Employees get paid more
Employees become less productive
Employees have up-to-date skills
It is expensive
A business has decided to do off-the-job training because..
Its cost effective
Often higher quality
Its the most common form of training
Employees learn from others
What is a benefit of an effective recruitment & selection process?
Increased profit
Staff retention
Extra training
Styles of management
