WorksheetsBusiness Revision
Total questions: 44
Worksheet time: 26mins
Full time, part time and casual are examples of?
Employee pay rates
Employee entitlements
Types of employeement
Factors of influence
Select all the of the following that are factors of influence in choosing a company product.
Value for money
Convenience
Social and ethical
Environmental
Job security
Which of the following is defined as a businesses operating policies and procedures and include plan for growth and expansion?
Executive summary
Executive initiative
Strategic operations procedure
Strategic guidelines
Which of the following is NOT included in a business plan?
Finances
Vision statement
Executive summary
Building layout
An increase in morale and motivation can lead to what?
Reduction of costs
Improvements in quality
Increased productivity
Decreased productivity
Sponsorship is defined as:
Financial support from an external benefactor
Promoting a product through various formats
A form of public support or approval
Financial gain through sales
Inflation is
how fast prices are rising in the economy
how fast unemployment is rising in the economy
how fast economic growth is occurring
how fast stock prices are rising
Inflation is generally calculated
annually
monthly
weekly
daily
Demographic is also known as...
(a)
A business that is not-for-profit is...
Public
Private
Voluntary
What is a Sole Trader?
A business where 2 or more people share ownership
A business owned by shareholders
A business that is owned by one individual
The difference between a LTD & PLC is...
PLC are traded on the stock market
LTD are traded on the stock market
PLC is in the public sector
LTD is in the public sector
What percentage of the profits in sole trader is the owner designated to?
75%
100%
54%
0%
Partnership requires at least three people
True
False
In partnership, decisions require agreement
True
False
What is a Public Corporation?
Government owned and funded, deals with government customers
Government owned but trades with private customers
Private company that trades with government organisations
Write a definition of Demographic
What would be an example of a Public Sector Facility
Southampton FC
Fareham LC
David Lloyd
Sports Direct
What type of business has UNLIMITED liability for any debts?
Sole Trader
Public Limited Company
Private limited company
Co-operative company
What type of business is owned and run by its members?
Sole trader
Voluntary
Public
Co-operative
What does limited liability mean
Owner are responsible for all debts of the company
Shareholders are not liable for debts with the company
Partners are liable for all debts
All shareholders are responsible for the amount of debt that matches their investment
Which sector has a goal to make a profit
Private
Voluntary
Public
What is the term used when the centre is owned by the government
Solent trader
Public Sector
Public Liabiliy
Public Limited company
Which of the statements about retained profits is false?
You have unlimited amounts of money available
Shareholders and employees could be frustrated because there is less profit to be 'shared out'
You do not have to pay interest
You are free to use it for any purpose
People who are part owners of a company are known as...
Stakeholders
Shareholders
Customers
People
A business with less than 20 employees can be classified as a...
Small business
Medium business
Large business
extra small business
The owner of a business being responsible for all debts is known as....
Limited liability
Unlimited liability
Environmental factors over which businesses have very little control over are known as...
internal
existing
external
international
An examination of the organization's Strengths, Weaknesses, Opportunity & Threats
Business Plan of Action
SWOT Analsysi
PEST Analysis
Mission Statement
An example of Opportunities or Threats from the external environment
Competitors
GDP per capita
Sales
Strengths
Things within a business that managers can influence and control (as it relates to SWOT)
Employee Performance
Sales Revenue
External Factors
Internal Factors
Great communication skills and analytical abilities is an example of a type of
Strength
Weakness
Opportunity
Threat
A business has a poor reputation among customers , this would be considered to be a(n)
Strength
Weakness
Opportunity
Threat
Installation of new computer software for your company is an example of a
Political Factor
Economical Factor
Social Factor
Technological Factor
A shift in consumer taste, away from the firm's product is considered a
Political Factor
Economic Factor
Social Factor
Technological Factor
Emerging customer needs would be considered a
Political Factor
Economic Factor
Social Factor
Technological Factor
A PEST Analysis examines which two external SWOT components
Strengths & Threats
Opportunity & Weaness
Opportunity & Threats
Strengths & Weakness
A PEST Analysis is used to examine the external indicators of the SWOT Analysis
True
False
An employee notices an unfilled customer need, this is an example of a(n)
Strength
Weakness
Opportunity
Threat
A business has developed a great product, but still lacks the patent, this is a example of a(n)
Strength
Weaness
Opportunity
Threat
