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WorksheetsEdexcel business A level gce year 1 revision
Total questions: 20
Worksheet time: 7mins
Which type of leader would have employee welfare as a key business objective ?
autocratic
paternalistic
laissez-faire
democratic
Which type of business has limited liability ?
sole trader
PLC
partnership
Offer workers a wider range of tasks (on same skill level) to motivate them
job enlargement
job enrichment
A social enterprise business :
aims to maximise profit
aims to be friendly to staff
wants to improve society and the environment
Asking workers for their views or opinions on a decision :
delegation
job rotation
consultation
team-working
Price, product, place, promotion (4 P's) =
the marketing mess
the marketing mix
the marketing mass
the marketing max
Decisions are made at Head Office eg. in London (then communicated out to branch offices or regional shops)
centralised
decentralised
Which is most suitable to motivate office workers (where it is difficult to measure output) :
piecework
performance-related pay
commission
Pay and working conditions are negotiated between the employer and a trade union :
individual bargaining
collective bargaining
An organisational structure based on project teams :
tall
flat
hierarchical
matrix
The diagram shows:
an increase in demand
an decrease in demand
an increase in supply
an decrease in supply
For Cadbury's, the shift could be caused by :
higher cost of production
earthquake reducing cocoa crops
reduced subsidies from government
new technology improvements
If demand is price elastic, an decrease in price would :
decrease total revenue
increase total revenue
A cash cow (Boston Matrix) has :
low market share, low market growth
low market share, high market growth
high market share, low market growth
high market share, high market growth
Formula for percentage change =
original / difference
original / difference x 100
difference / original
difference / original x 100
Which type of good (product) should see sales rise in a recession ?
luxury
normal good
inferior good
image relates to Maslow
image relates to Taylor
image relates to Mayo
image relates to Herzberg
Stock market flotation definition :
The ups and downs of share prices
selling shipping company shares
financing a business by selling shares to the public
selling shares to family member and friends (by invitation)
A firm makes 300 units per month and has a maximum capacity of 500 units :
capacity utilisation = 30%
capacity utilisation = 50 %
capacity utilisation = 60%
capacity utilisation = 166.6%
A firm can reduce the price elasticity of demand (of their product) by :
increasing the price
decreasing the price
building a strong brand
