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WorksheetsGrade 7A Business Studies Final Exam
Total questions: 20
Worksheet time: 2hrs 40mins
Why are public corporations state funded?
Because mulitnational companies own them.
Because private individuals run them
Because the government provides the capital needed by public corporations
Which of the following is a reason against the public ownership of businesses?
Public corporations are inefficient
Public corporations are able to save jobs
Public corporations are able to serve unprofitable regions
____________ is a transfer of public sector resources to the private sector (business).
Privatisation
Nationalisation
Globalisation
Privatisation takes place to generate income for the government.
True
False
Small _________ might be happy to make a modest amount of profit- just enough to fund comfortable lifestyle
Sole traders
Multinational Companies
Public Limited Companies
Which of the following businesses activities is likely to be operated by a sole trader?
Motor car manufacturing
Banking
Gardening service
What is the most appropriate form of a business for a multinational operator?
Partnership
Public limited Company
Public corporation
What is an appropriate form of business for a self-employed taxi driver?
Multinational
Public limited company
Sole trader
Which of the following is most likely to affect the appropriateness of a particular form of organisation?
The rate of inflation in the economy
Geographical location
The financial risk owners are prepared to take
___________ production involving the extraction of raw materials from the earth
Primary sector
Secondary sector
Tertiary sector
All of manufacturing, processing and construction lie within ____________sector
primary
secondary
tertiary
Leisure services such as television, tourism come under _________.
primary sector
secondary sector
tertiary sector
Businesses in each of the three sectors above are likely to be __________.
interdependent
not at all dependent on each other
Which of the following businesses operate in the secondary sector?
Santander Bank
Qatar Airways
Ford Motor Company
Some businesses such as large supermarkets and manufacturers require large areas of land to locate building, staff car parks and other facilities because
premises are cheap
business rates are high
land has not been allocated for business development
When choosing a suitable location , businesses should not take into account the ease of access and parking facilities
True
False
The development of online businesses means that many entrepreneurs have a lot more _________when choosing a location
flexibility
inflexibility
This is a group of countries situated in the same region that join together and enjoy trade free of barriers
Trade bloc
Brownfield site
Greenfield site
Which of the following businesses is likely to have the most choice when deciding upon a suitable location to base their operations?
Coal-burning power station
Diamond mine
An online tutor service
An industry where efficiency is improved if there is just one operator is which of the following?
Segmented industry
Saturated industry
Natural monopoly
