Font size
WorksheetsManagement Unit 1.1
Total questions: 25
Worksheet time: 9mins
Which is NOT one of the reasons business exist?
Contribute to the economy
To meet consumer wants & needs
To provide jobs to the community
So people have something to do with their money
List the factors of production
Land, labor, capital, enterprise
Labor, management, money, marketing
Marketing, accounting, enterprise, labor
CEO, labor, capital, operations
Which business sector is responsible for extracting raw materials?
Primary
Secondary
Tertiary
Quaternary
Which business sector is responsible for service?
Primary
Secondary
Tertiary
Quaternary
Which business sector is responsible for manufacturing?
Primary
Secondary
Tertiary
Quaternary
Which business sector is responsible for information/research?
Primary
Secondary
Tertiary
Quaternary
Which is NOT one of the 4 business functions?
Operations management
Finance & Accounting
Human Resources
Production
Which business function is responsible for monitoring the money that flows in and out of the business?
Human resources
Accounting & Finance
Marketing
Operations management
Which business function is responsible for hiring and training employees
Human resources
Accounting & Finance
Marketing
Operations management
Which business function is responsible for handling day to day activities
Human resources
Accounting & Finance
Marketing
Operations management
Which business function is responsible for identifying customers and the best way to reach them?
Human resources
Accounting & Finance
Marketing
Operations management
Which business function is responsible for launching a new media campaign?
Human resources
Accounting & Finance
Marketing
Operations management
Which business function is responsible for setting the budget for overhead cost?
Human resources
Accounting & Finance
Marketing
Operations management
Which business function is responsible for conducting sensitivity training for employees?
Human resources
Accounting & Finance
Marketing
Operations management
Which business function is responsible for dealing with customer complaints?
Human resources
Accounting & Finance
Marketing
Operations management
What are the 4 main responsibilities of an Entrepreneur ?
Run the business, hire people, order supplies, deal with customers
Have a good idea, invest capital, management the business, assume the risk
Have a good idea, make the product, find good employees, deal with the suppliers
Run the business, take out a loan, conduct research, take all the money
What are the challenges faced by new businesses? Select all that apply.
Lack of capital
Poor management skills
Too many orders
Competition
Changes in the business environment
What is the chain of production?
The process of opening a business
A chain used in manufacturing goods
Production methods used in an assembly line
The process a product goes through as it moves through the business sectors
Why is the chain of production important?
Because its part of business operations
It helps the customer learn about the product
Value is added along the way
It helps the production line move faster
The business sectors are interconnected because they cannot exist without each other.
True
False
Select the reasons why people start businesses. Select all that apply.
Taking over the family business
Want less responsibility
Inherited a business from parents
Want to take out a loan
They have a great idea
They want to be their own boss
Higher earning potential
Lack of employment
A tattoo shop is an example of which business sector?
Primary
Secondary
Tertiary
Quaternary
An oil rig in the middle of the ocean is an example of which business sector?
Primary
Secondary
Tertiary
Quaternary
A construction company is an example of which business sector?
Primary
Secondary
Tertiary
Quaternary
Researchers for a pharmaceutical company are an example of which business sector?
Primary
Secondary
Tertiary
Quaternary
