WorksheetsBusiness Environment Quiz
Total questions: 20
Worksheet time: 10mins
The management of the business has ________ the market environment
Full control over
No control over
No control but can influence
Little control
Businesses can control the effect of trade unions through
Collective bargaining
strikes
Destruction of property
Management control
Businesses that both sell All Gold Tomato sauce are an example of
Indirect competition
Direct competition
Suppliers
A monopoly
Investing the business profits at a rate that grows faster than inflation is also known as:
Hedging
Strategic Alliance Agreements
Persuasion of large investors
Acquisitions
A back up plan made in advance I saw known as
An ad hoc plan
A contingency plan
A back up plan
A floor plan
Inflation
Does not affect the business
Is the general increase in the price of goods and services
Is an increase in the petrol price
Is decided by parliament
when people who are blacklisted/unable to get credit at the bank, loan small amounts of money at large interest rates from someone willing to take a higher risk
Microlending
Micro loan
Demographics
Gambling
When two businesses willingly combine to create a new business, this is known as:
A merger
A takeover
An alliance
An acquisition
Psychographics are:
The physical attributes of the target market
The wants and needs of the consumers
The beliefs and values of the consumers
The education level of the consumers
The Basic Conditions of Employment Act is an example of
Contemporary legislation
Globalisation
Employee protection
Employer insurance
An overall reduction in consumer spending power is known as
Recession
Entrepreneurial factors
Socio economic issues
Legislation
South Africa’s political environment is
Stable
Unstable
Relatable
Responsive to citizens
___________ does not cause a shortage of supply
Strikes
Climate conditions
Natural disasters
A good supply network
The processing and storing of data is known as
VAT
Information management
Malware
Competition
A business’ need to give back to the community in which they operate
Triple bottom line
Corporate social responsibility
Strategic response
Globalisation
When an employee has a grievance and the grievance has not been resolved through internal procedures or trough having a middle man and an objective party needs to make the final decision
Conciliation
Mediation
Arbitration
Strategic response
When parastatals are sold to individuals because they are not profitable as state owned businesses
Nationalisation
Privatisation
Spending power
Eskom
A businesses ability to be profitable for this generation and the next, without damaging natural resources is known as:
Sustainability
Flexibility
Organisational design
Hierarchy
Influencing the supervisory body does not include:
Auditing
Following regulations
Bribery
Lobbying
An example of a business that frequently participates in strategic alliances is
Krispy Kreme
Woolworths
Pick n pay
Starbucks
