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Worksheets

Structure, Stakeholders & Motivation

Total questions: 45

Worksheet time: 25mins

Name
Class
Date
1.

Which type of business has unlimited liability and doesn't have to share the profit?

a)

Sole Trader

b)

Partnership

c)

LTD

d)

PLC

2.

What type of business has unlimited liability and can share the responsibility of managing the business?

a)

Sole Trader

b)

Partnership

c)

LTD

d)

PLC

3.

Which type of business can sell shares but only to the owners and employees of that business?

a)

Sole Trader

b)

Partnership

c)

LTD

d)

PLC

4.

Which type of business must have public accounts, must do a lot of paper work and can sell shares to anyone?

a)

Sole Trader

b)

Joint Venture

c)

Franchise

d)

PLC

5.

Which businesses are incorporated?

a)

Sole trader

b)

Partnership

c)

LTD

d)

PLC

e)

Franchise

6.

____________ _______________ is when a person is only responsible for the amount of money they invested in the business.

a)

Market share

b)

Shareholder return

c)

Limited libablity

d)

Unlimited liability

7.

_____________ businesses do not have separate legal identity.

a)

PLC

b)

LTD

c)

Franchise

d)

Unincorporated

8.

A _____________ is when two businesses work together on a project.

a)

Partnership

b)

Agreement

c)

Joint Venture

d)

Franchise

9.

What should a partnership have to make sure that no partner cheats the other?

a)

A contract

b)

An agreement

c)

A law

d)

A handshake

10.

____________ means that if one owner dies, the business can continue.

a)

Continuity

b)

Survival

c)

Unincorporated

d)

Liability

11.

The two parts of a franchise are:

a)

Franchise

b)

Franchisee

c)

Franchisor

d)

Franchisur

12.

A sole trader can only employ one worker.

a)

True

b)

False

13.

All businesses can sell shares.

a)

True

b)

False

14.

Dividends are one of the reasons people buy shares.

a)

True

b)

False

15.

Dividends are paid out every ____ months.

a)

3

b)

4

c)

6

d)

12

16.

Which business structure is owned or controlled by the government?

a)

Sole trader

b)

Public Limited Company

c)

Private Limited Company

d)

Public Corporation

17.

Which of the following are synonyms of "objective"?

a)

Aim

b)

Goal

c)

Target

d)

Master piece

18.

The first objective for any new business is:

a)

Growth

b)

Profit

c)

Survival

d)

Market Share

19.

Which of the following are reasons a business might choose survival as its objective?

a)

Economic growth

b)

A recession

c)

New competition

d)

A reduction of taxes

20.

The formula for profit is:

a)

Profit = cash - cost

b)

Profit = sales revenue - dividends

c)

Profit = sales revenue - total costs

d)

Profit = sales revenue + total costs

21.

The two main types of growth are:

a)

Inward

b)

Outward

c)

Internal

d)

External

22.

Market share is the same as

a)

shareholders

b)

stakeholders

c)

customers

d)

managers

23.

Which of the following is a way to get more market share:

a)

Advertising

b)

Promotion

c)

Increasing prices

d)

Increasing costs

24.

A social enterprise could have which objectives?

a)

Human well-being

b)

Improved community services

c)

Reducing pollution

d)

Increasing profit

25.

A stakeholder is someone who is _________ or ________ a business decision

a)

interested in

b)

affected by

c)

working for a business

d)

decider of

26.

Which of the following are internal stakeholder groups?

a)

Banks

b)

Government

c)

Customers

d)

Owners

e)

Local community

27.

A steak holder is

a)

A person interested in a business

b)

A person that is affected by a business

c)

A person holding a steak

d)

A person that is interested in or affected by a business decision

28.

_________ is the reason employees work hard and effectively for a business.

a)

Money

b)

Fame

c)

Motivation

d)

Cheese

29.

Which of the following is a type of wage?

a)

Time-rate

b)

Salary

c)

Piece-rate

d)

Unit-rate

30.

A _________ is paid monthly and overtime is usually not available.

a)

Wage

b)

Salary

c)

Commission

d)

Bonus

31.

A __________ is paid as a percentage related to the price of the products that are sold.

a)

Salary

b)

Bonus

c)

Wage

d)

Commission

e)

Profit sharing

32.

_______________ is an amount of money given to workers by the business for reaching the business' profit goals.

a)

Salary

b)

Commission

c)

Bonus

d)

Profit sharing

e)

Wages

33.

A _______ is an amount of money given to a worker for doing a great job.

a)

Bonus

b)

Salary

c)

Commission

d)

Wage

e)

Profit sharing

34.

A _____ benefit is a type of motivation that is not money

a)

fraud

b)

fringe

c)

fright

d)

funky

35.

Which of the following is not a fringe benefit?

a)

Free accommodation

b)

Free vehicle

c)

Bonus

d)

Pension

e)

Discount on products

36.

_______________ are ways to increase an employee's motivation on the job.

a)

Job satisfaction

b)

Job rotation

c)

Job enrichment

d)

Job enlargement

37.

Job ______ is when the worker is given different tasks to do throughout the day.

a)

enrichment

b)

enlargement

c)

rotation

d)

satisfaction

38.

Job ______ is when a worker is given harder to tasks to try in order to increase their sense of worth.

a)

enlargement

b)

enrichment

c)

rotation

d)

satisfaction

39.

A _______ is when a worker gets moved to a higher position in the company.

a)

level-up

b)

bonus

c)

commission

d)

promotion

40.

Taylor's theory is called

a)

Scientific management

b)

Hierarchy of needs

c)

Hygiene factors

41.

Maslow's theory is called

a)

scientific management

b)

hierarchy of needs

c)

hygiene factors

42.

Herzberg's theory is called

a)

scientific management

b)

hierarchy of needs

c)

hygiene factors

43.

Which of the following is not one of the levels of the hierarchy of needs?

a)

Security

b)

Self-actualization

c)

Self-loathing

d)

Esteem

e)

Physiological

44.

What are the two categories of Herzberg's theory?

a)

Hygiene factors

b)

Social factors

c)

Esteem factors

d)

Motivators

e)

Physiological factors

45.

What grade do you think you will get on your exam?

a)

4

b)

3

c)

2

d)

1