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Year 9 Revision

Total questions: 55

Worksheet time: 3595secs

Name
Class
Date
1.
Developing, promoting, and distributing products to satisfy the wants and needs of a customer
a)
Goods
b)
Services
c)
Marketing
d)
Tangible
2.
Tangible products that we use to satisfy our wants and needs
a)
Goods
b)
Services
c)
Marketing
d)
Tangible
3.
Not able to be touched
a)
Goods
b)
Advertising
c)
Marketing
d)
Intangible
4.
THE 4 P's - product, place, promotion, price
a)
price
b)
selling
c)
target market
d)
Marketing mix
5.
A unique name and image for a product used to create an image in the consumers' mind, i.e. Pampers, Band-Aid, Kool-Aid
a)
price
b)
product
c)
brand
d)
Marketing mix
6.
Information collected for the first time specifically for a marketing research study is called:
a)
Secondary research
b)
Primary research
c)
Soft research
d)
Experimental research
7.
What is the better definition of secondary research?
a)
Stealing someone else's information
b)
Using information that already exists
c)
Collecting new information
d)
Finding old research
8.
Information gathered on opinions, thoughts and feelings is....
a)
Qualitative
b)
Quantitative
9.
Primary research is also known as...
a)
Desk Research
b)
Field Research
10.
What is an example of secondary data?
a)
You physically get the data
b)
You gather information from an outside source to help with your research
c)
Data with numbers
d)
Data with colours 
11.
What type of data is numerical?
a)
Quantitative
b)
Qualitative
c)
Primary
d)
Secondary
12.
What is an example of secondary research?
a)
Focus Group
b)
Observation
c)
Newspaper
d)
Questionnaire
13.

Which survey question isn't collecting qualitative data?

a)

Do you like chocolate or vanilla, yes or no?

b)

Why should the legal voting age be lowered?

c)

What kind of toppings do you like on your pizza?

d)

How should you reward a pet?

14.
What is a problem with using secondary data?
a)
It is easy to find
b)
It is normally quicker to find
c)
You did not create it (it might be unreliable)
d)
You have to find the information yourself
15.

Where the sample chosen is not representative of the population- it is

a)

Secondary

b)

Sample

c)

Bias

d)

Parameter

16.

3 purposes of Qualitative Data

a)

To identify trends and patterns in people's statements

b)

To quantify the data in charts and graphs

c)

To support quantitative data

d)

To gather in-depth information from consumers

17.
What is recruitment?
a)
The process by which a business hires staff
b)
The process by which a business trains staff
c)
The process by which a business inducts staff
18.
Which should NOT be on a job description?
a)
Qualifications
b)
Hours
c)
Duties
d)
Location
19.
Where would you usually find a summary of the work history of a prospective employee?
a)
  CV
b)
Person specification
c)
  Job description
20.
What is external recruitment?
a)
Recruiting from outside the company
b)
Recruiting from Asia
c)
Recruiting from current employees
d)
Recruiting from universiy
21.
Internal recruitment
a)
Giving a promotion
b)
Using a recruitment agency
22.

Which 2 of the following would a candidate submit when applying for a job?

a)

Curriculum Vitae

b)

Person Specification

c)

Application form

d)

Job Description

23.

Which of these would not normally be found in a job description?

a)

Job Title

b)

Roles and duties

c)

Skills and abilities required

d)

Employment conditions

24.

Which of these is a common disadvantage of external recruitment?

a)

Leaves another vacancy internally

b)

Unlikely to find the best candidate

c)

Costly

d)

Resentment amongst applicants

25.

Which one of the following is a likely benefit of internal recruitment?

a)

Wider choice of candidates

b)

Increase skill level in the business

c)

Motivate existing workers

d)

More training will be needed

26.
The process of leading and directing all or part of an organization.
a)
Management
b)
Marketing
c)
Information Technology
d)
Operations
27.
The process of creating, promoting, and presenting a product to the consumers.
a)
Marketing
b)
Information Technology
c)
Operations
d)
Human Resources
28.
The process of developing, installing, and implementing computer information systems and applications.
a)
Information Technology
b)
Operations
c)
Human Resources
d)
Accounting
29.
The activities involved in the day-to-day running of a business for the purpose of producing value for the steakholders.
a)
Operations
b)
Human Resources
c)
Accounting
d)
Marketing
30.
The activities that deal with the hiring, firing, training and other personnel (employee) issues.
a)
Human Resources
b)
Accounting
c)
Management
d)
Marketing
31.
Which of the following provides both goods and services?
a)
Beauty Shop
b)
Rug Cleaning
c)
Lawn Mowing
d)
Clothing Store
32.
Only liable for up to the amount invested into the company, and has little to no voice in management.
a)
General Partner
b)
Proprietor
c)
Limited Partner
d)
Corporation
33.
What is a form of business ownership in which 2 or more people jointly owns a business
a)
Sole Proprietorship
b)
Company
c)
Partnerships
34.
What is the name of a person who owns part of a corporation?
a)
Stakeholder
b)
Shareholder
c)
Trust Agent
d)
Chairman
35.
What type of corporation combines the benefits of a partnership and a corporation?
a)
Limited Liability Company
b)
Trust
c)
Company
36.
The major policy and financial decision makers of a corporation are determined by the...
a)
CEO/GM/President
b)
Chairman of the Board
c)
Shareholders
d)
Board of Directors
37.
Owned by two or more individuals.
a)
Proprietorship
b)
Partnership
c)
Corporation
d)
None of the above
38.
Owners share the risks and the profits.
a)
Proprietorship
b)
Partnership
c)
Corporation
d)
None of the above
39.
This type of business is a contractual agreement with a parent company to sell its products/services in an area.
a)
Sole Proprietorship
b)
Partnership
c)
Corporation
d)
Franchise
40.
McDonald's and Burger King are examples of....
a)
Sole Proprietorships
b)
Partnerships
c)
Corporations
d)
Franchises
41.
Advantages of this business type are that the owner is their own boss and gets to keep all the profits.
a)
Partnership
b)
Sole Proprietorship
c)
Corporation
d)
Franchise
42.

Which legal structure would an individual wishing to start-up a small business choose because it is quick, easy and inexpensive to set up?

a)

Sole trader

b)

Partnership

c)

LTD

d)

PLC

43.
What is the acronym for a public limited company?
a)
PLC
b)
LTD
c)
PBLC
d)
PBCLC
44.

If you have full responsibility for your business debts this is known as ...

a)

Unlimited Liability

b)

Limited Liability

c)

Personal Liability

45.

Start up costs are...

a)

the amount of money spent setting up a business

b)

money spent on a regular basis to keep a business running

c)

Fixed Costs + Variable Costs

d)

costs which change with output

46.

Variable costs are...

a)

the amount of money spent setting up a business

b)

money spent on a regular basis to keep a business running

c)

Fixed Costs + Variable Costs

d)

costs which change with output

47.

Total costs are...

a)

the amount of money spent setting up a business

b)

money spent on a regular basis to keep a business running

c)

Fixed Costs + Variable Costs

d)

costs which change with output

48.

Fixed costs are...

a)

Costs that do not change with output

b)

Costs directly involved with making the product

c)

Costs that are essential but not directly related to manufacturing

d)

money spent on a regular basis

49.

Direct costs are...

a)

Costs that do not change with output

b)

Costs directly involved with making the product

c)

Costs that are essential but not directly related to manufacturing

d)

money spent on a regular basis

50.

Running costs are...

a)

Costs that do not change with output

b)

Costs directly involved with making the product

c)

Costs that are essential but not directly related to manufacturing

d)

money spent on a regular basis

51.

Which of the following are variable costs?

a)

Material

b)

Labour

c)

Machinery

d)

Building

52.

Which is the correct method to work out profit?

a)

Sales Revenue - Fixed Costs

b)

Sales Revenue - Variable Costs

c)

Fixed Costs + Variable Costs

d)

Sales Revenue - Total Costs

53.

If a business makes 100 products. Sells them for £2 each and each one costs £1. What is the total variable costs?

a)

£200

b)

£100

c)

£150

d)

£300

54.

Which of the following formula is correct for working out sales revenue?

a)

= price x units (output or Sales)

b)

= revenue – cost of sales

c)

= gross profit - expenditure

d)

= Fixed costs + variable costs

55.
Eric wants to start being an Uber driver taking passengers from Leeds airport to the city centre.Eric knows that he can make £30 per Uber ride he gives. Eric owns his own car, so his only expense is to pay £5 in petrol for every ride he gives.  Eric gives 15 rides this week, his COSTS for the week will be...
a)
£30
b)
£75
c)
£375
d)
£450

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