WorksheetsProgress so far - Unit 1 Business & the Business Environment
Total questions: 16
Worksheet time: 8mins
What legal structure is associated with....
Public limited company
Private Limited company
Partnership
Charity
A Multinational organisation typically is a company which has its headquarters in one country but has assembly or production facilities in other countries.
..True
..False
Establishing a charitable company involves registering with the Charity Commission as well as Companies House, and then submitting your annual report and accounts to both organisations annually.
True
False
One of the main issues associated with operating in a global environment for an SME is...
There is no widely agreed definition of an SME
They are subject to greater competition and legislation
The macro environment is volatile
The difference between globalisation and internationalisation is that globalisation is concerned with the interconnectedness of the world where as internationalisation is concerned with a business increasing its operations over several countries.
True
False
Within the next 10 years, the business environment....
Will struggle to manage it's impact on climate change
Will benefit from increased globalisation
Will have to focus on innovation
All of the above
...., .... and .... are examples of
Legal structure
Complexities of operating in a global environment
scope of business activities
PESTLE
The National Health Service (NHS) is the publicly funded healthcare system in England, and one of the four National Health Service systems in the United Kingdom.
Profit
Not for profit
A stakeholder is ....
someone who has a stake in the business
someone who has an interest in the business and has different demands on the business
someone who holds a steak
someone who owns the business
Limited companies are incorporated which means they are separate legal entities and have their own legal status; hence they are distinct from their owners.
True
False
Employees, managers, location and legal business structure are all part of which environment?
External
Internal
Macro
Operating
Which of the following is not a characteristic of the Business Environment?
Simple
Complex
Multi-faceted
Dynamic
An organisation that sells shares on the stock exchange is a what?
Private Limited Company
Sole Trader
Partnership
Public Limited Company
Routes to internationalisation include:
Strategic Alliance
Joint Venture
Franchising
Licensing
All of the above
