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WorksheetsBusiness organization and environment
Total questions: 16
Worksheet time: 12mins
What are the elements of the PESTLE analysis?
Political, Economic, Social, Technological, Legal and Ecological
Political, Ethical, Social, Trade, Legal and Economic
Political, Economic, Social, Technological, Lifestyle and Ethical
Poltiical, Ethical, Social, Trade, Lifestyle and Economic
Which of the following is an advantage of being a big business?
Large firms have greater profitability and higher returns on investment
Large firms have a greater chance of surviving
Large firms are flexible and can give a competitive advantage
Large firms have more cachet
In the division of responsibilities between franchisor and franchise, the franchisor will provide:
The stock, the uniforms and the staff
The stock, the uniforms and wages
Global advertising, global promotions and staff training
Global advertising, global promotions and staff
What possible problems a start-up may face?
Raising start-up capital was too difficult
Raising short-term finance was difficult
Goals were too vague
Goals were too contradictory
Which of the following sector is typical of "post-industrial" economies?
Primary sector
Secondary sector
Tertiary sector
Quartenary sector
What business function is to ensure that the business offers a product or service that is desired by a sufficient number of people or businesses for profitable operations?
Human Resource
Finance and accounts
Marketing
Operations management or production
What is a company?
A person who owns and runs their own business and who has complete control over decisions
A business organization established for a specific purpose and registered according to local or national legislation
A business owned and controlled by two or more people who share responsibility and decision making
A form of non-governmental organization whose aim is to provide relief for those in need
Which of the following is a non-governmental organization (NGO)?
Oxfam
Amnesty International
Catholic Charities USA
Save the Children
The surplus generated from a charity's business activities are used to:
Lend money at lower rates of interest than banks or other financial institutions
Reward shareholders for investing in the charity
Advance the social purpose of organization
Ensure the survival and growth of the business
A cooperative which provides a service to its consumers who are also part owners of the business is known as:
A housing cooperative
A worker's cooperative
A producer cooperative
A consumer cooperative
Which of these factors of production are non-natural resources used to further the production process?
Land
Labour
Capital
Enterprise
Which of these factors of production are natural resources used in the production process?
Water
Machinery
Metal ores
Tools
The buyers of a good or service are:
Users
Customers
Shoppers
Consumers
Which of the following are features of an intrapreneur?
Take the risk of business management in search for profit
Provide the right environment to support sustainable innovation over time
Develop new products or services within an organization
Initiate and implement change for improvement
What is a formal document that details how an organization intends to meet its objectives?
A vision statement
A business plan
A firm's mission
A business name
Which of the following are advantages of being a sole trader?
Ideas and expertise
Quick to create
Tax advantages
Specialization of labour
