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Year 10 Revision Prep for CA 1.2

Total questions: 69

Worksheet time: 36mins

Name
Class
Date
1.
What factor of production's function is to make decisions and take risks?
a)
Capital
b)
Enterprise 
c)
Land 
d)
Labour 
2.
What is meant by opportunity cost?
a)
The next best alternative foregone
b)
The cost of the item selected
c)
The cost of exploring business opportunities
d)
The labour used in producing the product 
3.
Why does scarcity exist?
a)
Each year workers tend to produce less than previously 
b)
Machines wear out in time
c)
There are not sufficient resources to meet everyone's wants
d)
There is a limit to people's wants 
4.

Which of the following does every business do?

a)

Make a profit

b)

Produce goods or services

c)

Provide lots of jobs

5.

People who work in primary sector...

a)

get raw materials from nature

b)

elaborate products

c)

provide services

6.

What is an entrepreneur

a)

Someone who starts a new business

b)

someone who designs buildings

c)

Someone who manufactures things

d)

Someone who has new ideas

7.

The difference between the cost of purchasing bought-in materials and the price the finished goods are sold for

a)

Opportunity cost

b)

Added value

c)

Creating value

8.
Not afraid to do new things  is what characteristic?
a)
Risk Taker
b)
Human Relations Skills
c)
Problem-solving & Decision-making Skills
d)
Independent
9.
An individual who undertakes the risk associated with creating, organizing, and owning a business is?
a)
a farmer
b)
a trained salesperson
c)
an entrepreneur
d)
Mathematician
10.
Looking at new ways of  doing things, developing  solutions to problems is what characteristic?                                                                                                                        
a)
Goal-Oriented
b)
Creative
c)
Independent
d)
Responsible
11.
In a deprived area, what would attract a business? 
a)
Government Grants 
b)
Availability of labour 
c)
Advice and Support 
d)
Cost of stock 
12.

What is a business that is owned and operated by one person known as?

a)

Limited liability company

b)

Sole trader

c)

Partnership

d)

Entrepreneurship

13.

These are the clearly defined targets of a business in order to achieve its aims. They are often based on the SMART acronym – specific, measurable, agreed, realistic and time specific.

a)

Mission

b)

Goals

c)

Aims

d)

Objectives

14.
A manager is an external stakeholder
a)
True
b)
False
15.
The Government is interested in a business because:
a)
They will want to buy the products
b)
They want the business to comply with the law and pay taxes
c)
They want good quality products
d)
They want to be paid the money they are owed
16.
What influence may Suppliers have on the business?
a)
They may change taxes
b)
They may protest about the business
c)
They may increase their prices
d)
They may choose not to buy the product or recommend it
17.

Which business structure allows one business to operate under the trading name of another company’s established brand and sell its products and/or services?

a)

Sole trader

b)

Partnership

c)

Company/Corporation

d)

Franchise

18.

Which of the following are benefits of having a partnership business?

a)

Owners share the decision-making, capital and expertise

b)

Unlimited liability

c)

Ability to raise significant capital

d)

Debts can be shared between the owners

19.
A business plan for a new business will include all of the following except
a)
financial forecasts
b)
market research data
c)
details of the business owners
d)
previous years' accounts
20.
Which of the following is not an effective way of measuring the size of a business?
a)
number of employees
b)
value of sales
c)
value of capital invested
d)
profit level
21.

The sales of the business as a proportion of total market sales.

a)

market share

b)

customers

c)

revenue

d)

profit

22.

An advantage of small business.

a)

can afford to employ specialist professional managers

b)

have access to several different sources of finance

c)

are more likely to be able to afford research and development into new products and processes

d)

offer personal service to customers

23.

Sole Traders have

a)

Unlimited Liability

b)

Limited Liability

24.

Sole Traders, Partnerships and Private Limited Companies are in which sector of the Economy?

a)

Private Sector

b)

Public Sector

c)

Third Sector

25.

A sole trader gets to keep any profits made for themselves

a)

True

b)

False

26.

Shareholders recieve a share of the profits a LTD makes called a

a)

Dividend

b)

Bonus

c)

Commission

d)

Cash Prize

27.

The public sector is owned and controlled by the Government?

a)

True

b)

False

28.

What is the top level on Maslow's Hierarchy?

a)

Physical needs

b)

Safety needs

c)

Self actualisation

d)

Self-esteem

29.

Which theorist believed that people are inherently lazy and are only motivated by money?

a)

Mayo human relations theory

b)

Taylor's scientific management

c)

Herzberg's two factor theory

d)

Maslow's hierarchy of needs

30.

Which financial method of payment was derived from Taylor's theory?

a)

Salary

b)

Bonus

c)

Fringe benefits

d)

Piece rate

31.

If safety needs are not met one cannot move to ___________________

a)

basic physiological needs

b)

Social (love and belonging)

c)

esteem

d)

self actualization

32.
Which of the following is a basic need?
a)
love
b)
belonging
c)
shelter
d)
safety
33.
What is not an example of financial motivation?
a)
Pay rise
b)
Bonus
c)
Piecerate
d)
Praise
34.
What is not an example of non-financial motivation?
a)
Bonus
b)
Praise
c)
Job enrichment
d)
Extra annual leave
35.
Which of the following is NOT a need as identified by Maslow?
a)
Hygiene
b)
Esteem
c)
Self-actualisation
d)
Social
36.
Which of the following is a motivator according to Herzberg?
a)
Working condition: Safe working environment
b)
Responsibility
c)
Good wage or salary
d)
Good relationship with co-workers and boss
37.
Employer give a wider range of similar tasks for the employee to do. This is an example of...
a)
Job rotation
b)
Job enlargement
c)
Job enrichment
38.

Mayo concluded: Employees respond to changes in the working environment, A sense of recognition and consultation is important to employees and The workplace is a social system. Employees like to work in groups.

a)

False

b)

True

c)

I don't know

39.

What are TWO benefits of a motivated workforce?

a)

This can result in improved productivity

b)

you can pay them less because they're enjoying work

c)

they only work when they feel like working

d)

customer service will most likely improve

40.

_____ defines how job tasks are formally divided, grouped, and coordinated.

a)

Organizational structure

b)

work speacialization

c)

Departmentalization

d)

Organizational behavior

41.

Work specialization is the same as _____.

a)

a. departmentalization

b)

b. division of labor

c)

c. decentralization

d)

d. job grouping

42.

The unbroken line of authority that extends from the top of the organization to the lowest echelon and clarifies who reports to whom is termed _____.

a)

a. chain of command

b)

b. authority

c)

c. span of control.

d)

d. unity of command

43.

The _____ refers to the number of subordinates that a manager directs.

a)

A. span of control

b)

B. unity of command

c)

C. chain of command

d)

D. decentralization principle

44.
What is delegation?
a)
Giving authority to junior managers to do a particular task
b)
Passing down full responsibility to subordinates
c)
Ordering workers to do certain jobs
d)
Keeping full control with senior managers
45.
An advantage of delegation is
a)
workers have less work to do
b)
managers can concentrate on more important tasks
c)
managers lose some of their responsibilities
d)
managers can control subordinates more  closely
46.
One of the disadvantages of delegation is that
a)
workers are given more authority
b)
there is less control over the work done by staff
c)
managers have more work to do
d)
workers may gain job enrichment
47.
One of the benefits of wider spans of control is that
a)
delegation is wanted as many people are heard by the manager
b)
it will lead to a long chain of command
c)
there will be more managers in the organisation
48.
When businesses "delayer" their organisational structure then the span of control will
a)
fall and the chain of command will lengthen
b)
increase and the chain of command will shorten
c)
 fall and the chain of command will be shorter
d)
increase and the chain of command will be longer
49.
In what type of leadership style do managers take all decisions?
a)
Autocratic leadership
b)
Democratic leadership
c)
Laissez-faire leadership
d)
Centralised leadership
50.

Having a solid organisational structure ensures that?

a)

communication is harder

b)

employees get paid well

c)

employees are unhappy

d)

communication is easy

51.
If a decision affects a group of people, but doesn't involve safety, it's best to use what leadership style?
a)
Democratic 
b)
Directive
c)
Hands-off
d)
Sympathetic
52.
Giving managers and employees the power to run things and make decisions is called ______.
a)
authorizing 
b)
democratic 
c)
delegating
d)
laisser-faire
53.

Which leadership style is characterised by being hands off?

a)

Democratic

b)

Laissez-faire

c)

Authoritarian

d)

Transformational

e)

Bureaucratic

54.

Manager tells employees what to do.

a)

autocratic

b)

democratic

c)

free-rein

55.
In recruiting and selecting new staff, which is the correct order of tasks?
a)
interviews, job advert, selection, prepare job specification
b)
job specification, job adverts, interviews, selection
c)
selection, job specification, job advert, job specification
d)
job advert, selection, interviews, prepare job specification
56.
Which of the following will not appear on a job description?
a)
title of the job
b)
main duties of the job
c)
qualifications needed
d)
department the job is in
57.
Which of the following is a claimed disadvantage of internal recruitment for a management job?
a)
It saves time and money compared to external recruitment.
b)
No new ideas or experience is brought into the business.
c)
The recruit will already know how the firm operates.
d)
Workers are motivated by an opportunity for a promotion
58.
Which of the following is one reason for a business using induction training for new workers?
a)
to see who is staying and who is leaving the business
b)
to check the standard of work of all workers
c)
to help select the workers that to be employed by the firm
d)
to explain the firm’s procedures and methods of working
59.
Training for existing workers is often used for which of the following reasons?
a)
to keep skills up-to-date and to improve efficiency
b)
to check to see which workers should be made redundant
c)
to explain the firm’s procedures and methods of working
d)
to increase the level of supervision needed
60.

___________ is a process of searching for prospective employees and stimulating them to apply for jobs

a)

Selection

b)

Induction

c)

Recruitment

d)

Orientation

61.
Which of the following is NOT usually part of the selection process?
a)
Short listing
b)
Interviewing
c)
  Induction
62.
How is a business most likely to encourage applications for a post?
a)
Job adverts
b)
Staff appraisal
c)
Internal recruitment
63.

Where would you usually find a summary of the work history of a prospective employee?

a)

CV

b)

Person specification

c)

Job description

d)

Interview

64.
Which one does NOT belong on a person specification?
a)
Pay
b)
Skills
c)
Qualifications
d)
Experience
65.

It occurs when the employee is asked to leave the business because they are not able to do the job. The job still exists and the employee is replaced.

a)

Dismissal

b)

Redundancy

c)

Resignation

d)

Retirement

66.

It occurs when the business no longer needs the job and so the employee doing that work is asked to leave.

a)

Redundancy

b)

Resignation

c)

Retirement

d)

Dismissal

67.

Managers decide to replace people with machinery to reduce costs or improve efficiency.

a)

Automation

b)

Closure

c)

Downsizing

d)

External events

68.
Which is an internal method of recruitment?
a)
Job centre
b)
Notice board
c)
Newspaper
d)
Testing
69.

Asking individuals, a series of questions either face-to-face or over the phone.

a)

Recruitment

b)

Interviews

c)

Internal recruitment

d)

Employee selection

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