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Topic 2 Assessment

Total questions: 30

Worksheet time: 15mins

Name
Class
Date
1.

Select the advantages of using CAD

a)

Speeds up the design Process

b)

Requires powerful computers and sophisticated software

c)

Alternative designs can be considered

d)

Less wastage during manufacturing

2.

Select the disadvantages of using CAD

a)

Fewer workers needed in the production process

b)

Requires training to use the software

c)

Alternative designs can be considered

d)

Software is costly and may require updates

3.

Select the advantages of CAM

a)

Redundancies may take place due to machinary

b)

Standardised and more reliable products manufactured

c)

Engineers must be well paid

d)

Fewer workers needed in production process

4.

select the disadvantages of using CAM

a)

depends on costly robotics

b)

requires highly trained and well paid engineers

c)

computer image may be different to final product

d)

can produce mass products

5.

Define the term Social Media

a)

websites which allow businesses to communicate with customers

b)

websites and applications that enable businesses to create and share content on products and services

c)

websites and applications used for customers to make complaints

6.

Identify the benefits of businesses using social media

a)

market goods through advertising

b)

follow trends in the market

c)

cyber security can be an issue

d)

interact, attract and communicate with customers

7.

identify the disadvantages of businesses using social media

a)

costs may rise if expert workers need employing

b)

bad publicity will travel quickly across the market

c)

there may be fake publicity put out by some businesses

d)

can respond to requests and complaints quickly

8.

Define E Commerce

a)

buying goods using the internet and wifi

b)

buying and selling a product using an electronic system such as the internet

c)

buying and selling products via wireless handheld devices such as smartphones

9.

Define M Commerce

a)

buying and selling products via the internet

b)

Selling products using a mobile device

c)

buying and selling products through wireless handheld devices

10.

To _________ products or raw materials means to buy them from another country for use in your own country.

a)

export

b)

trade

c)

import

d)

buy

11.

What does export mean?

a)

to sell products or raw materials to another country

b)

to buy products or raw materials from another country

c)

to visit another country for trading

d)

a trade that happens with more than two countries

12.

Something that is unethical is ...

a)

morally right or morally acceptable

b)

immoral (not right or acceptable)

c)

illegal

d)

true

13.

Define the term Fair Trade

a)

under paying farmers for products the produce

b)

products in which producers are not exploited and paid fairly

c)

paying farmers for producing crops

14.

select the advantages to businesses of using ethical policies

a)

customers may be willing to pay higher prices

b)

materials and labour will be more expensive

c)

employees who are treated fairly are more motivated

d)

relationships with suppliers are more stable and reliable

15.
What is Income Tax? 
a)
·  Income tax is paid on incomes received by individuals and some types of businesses. Including Savings.
b)
·      Income Tax is a tax on spending that is paid by individuals and businesses in the UK.
16.
What is VAT?
a)
VAT is tax paid on incomes received by individuals and some types of businesses. Including Savings.
b)
·  VAT is a tax on spending that is paid by individuals and businesses in the UK. It is added on to the price of most goods and services at rates of between 5% and 20%.
17.
What is meant by the term ‘interest rates’? 
a)
The rise and fall of share prices within a business. 
b)
The worth of the pound when exchanging to another currency.
c)
Price of borrowing money expressed in interest rate.
18.
What is meant by the term ‘economic climate’? 
a)
The economic climate looks at the supply and demand of goods in the country. 
b)
The economic climate describes the state of key factors within a country, such as the level of goods and services produced and the number of jobs available. 
c)
The economic climate is the availability of raw materials to a business.
19.
What is meant by the term ‘environmental responsibility’? 
a)
Environmental responsibility means participation in research projects. 
b)
Environmental responsibility refers to the taking of decisions by businesses, consumers, governments and other groups with the intention of protecting the environment.
20.
what is a finite resource
a)
Resources which can be re used.
b)
Resources which are limited by the amount that exists.
21.
What is meant by the term ‘the environment’? 
a)
The environment outside of the business.
b)
The Natural World in which we live.
22.
what is a zero hours contract?
a)
Workers hours may vary depending upon business activity.
b)
Workers have set working hours each week. 
23.
True or False: stakeholders can be internal and external.
a)
True
b)
False
24.
Globalisation is:
a)
the introduction of the internet to make us closer to others in the world. 
b)
the breakdown of traditional barriers between nations through technology and transport
c)
faster travel around the world
d)
the movement of people and ideas around the world.
25.
Globalisation allows:
a)
People, goods and information to travel more quickly around the world. 
b)
us to buy goods from the internet.
c)
us to travel faster.
d)
us to watch movies from all over the world. 
26.
Falling transport costs due to containerization is mostly a ___________ type of globalisation
a)
Economic
b)
Technological
c)
Political
d)
Social
27.

the rate a bank or other lender charges to borrow its money, or the rate a bank pays its savers for keeping money in an account.

a)

iNFLATION

b)

EXCHANGE RATE

c)

INTEREST RATE

d)

EMPLOYMENT LEVELS

28.

the change in prices for goods and services over time...

a)

iNFLATION

b)

EXCHANGE RATE

c)

INTEREST RATE

d)

EMPLOYMENT LEVELS

29.

the value of one currency IN ANOTHER

a)

iNFLATION

b)

EXCHANGE RATE

c)

INTEREST RATE

d)

EMPLOYMENT LEVELS

30.
Which of the following are benefits of international trade?
a)
acquiring goods that you do not produce yourself
b)
the ability to sell your goods to others for a profit
c)
the ability to specialize production of certain goods in your country
d)
all of the above are benefits 

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