WorksheetsBusiness Fundamentals
Total questions: 30
Worksheet time: 15mins
Which factor below influences the Internal Business Environment?
Interest Groups
Management
Customers
Unions
An acronym for the 7 factors that influence the macro environment is ...
SWOT
Staple
Pestle
Steeple
The shared values and beliefs of an organisation form part or an organisation's ...
Structure
Culture
Chart
Finances
These are often considered a business' most important asset.
Employees
Customers
Partners
Stakeholders
The external factor that includes consumer confidence, inflation and interest rates is ...
Finance
Economic
Ethical
Legal
Climate change, power usage and waste disposal are included in which external macro factor.
Political
Socio-cultural
Environmental
Ethical
Health and safety laws, consumer and employment laws are included in which external macro factor?
Legal
Ethical
The middle phase of the business life cycle is ...
Start up
Seed
Post Maturity
Growth
Following a set of values and structuring business around what is acceptable in society indicates they may be influenced by ...
Legal factor
Ethical factor
Political factor
Socio-cultural facor
Which external environmental factor influences this situation? The Govt has resumed land to preserve the natural ecosytsem for future generations
Technological
Political
Environmental
Ethical
Which external factor is influencing the following situation? The government has increased taxes on imported goods.
Legal
Ethical
Socio-cultural
Political
Which external factor is influencing the following situation? Grocery trolleys are being installed with automatic scanning devices that will calculate the total cost of items as they are placed in the trolley.
Environmental
Technological
Legal
Ethical
Which external factor is influenced in the following situation? Tighter controls are being placed on the use of billboards for commercial advertising promoting products and services.
Technological
Socio-cultural
Legal
Economic
There are five stages in the business life cycle.
True
False
This stage of the business sees movement into either an established state or an expansion state
Start-up
Growth
Maturity
Post-maturity
This stage of the business is the very beginning of the business life cycle where it is just a thought or an idea.
Start-Up
Seed
Maturity
Growth
In this stage of the life cycle viability of the idea is established and product or service is ready to market and sell
Seed
Start-up
Growth
Maturity
Steady state, decline or renewal are all possibilities in this stage of the business life cycle
Maturity
Post-maturity
Growth
Start-up
The 3 distinct business environments include
Internal, Internal Operating, External Macro
Internal, External Operating, External Macro
Internal Macro, External Operating, External Macro
Customers, Suppliers, Competition and Interest Groups are part of the
Internal Business Environment
External Operating Business Environment
External Macro Business Environment
Owners/Managers, Employees, Organisation Structure and Organisation Culture are part of the
Internal Business Environment
External Operating Environment
External Macro Environment
Which options correctly describe a 'stakeholder'
Anyone with an interest in a business and how it operates
An individual, group or organisation that is affected by the activity of a business
A person or group that owns a stake in the business
What name is given to a business who sells products to a business?
Supplier
Manufacturer
Logistics
Distribution centre
Which of these is the correct definition of a business?
An organisation which produces goods and services
An organisation which sells shares on the stock exchange
An organisation that sells shares to family and friends
A self-employed person
Owners/Managers, Employees, Organisation Structure and Organisation Culture are part of the
Internal Business Environment
External Operating Environment
External Macro Environment
Professional associations and unions are examples of
Suppliers
Financial groups
Ethnic groups
Interest groups
RSPCA is an example of what type of business?
Profit based
Not for profit
Govt owned Corporation
Government business enterprises
Ergon Energy is an example of what business type?
Not for profit
Government business enterprise
Corporation
Government Owned Corporation
When a business owner is personally liable for the debts of the business, this is called?
(a)
