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WorksheetsUNIT 1 (Business activity)
Total questions: 20
Worksheet time: 20mins
Which are purposes of business planning? (Two)
Reduce risk
Plan a holiday
To pay employees on time
Identify business opportunities
Who makes the business plan?
Employees
Manager
Owner
Government
Which is not an example of an ownership type?
Partnership
Manager
Soletrader
Private limited company
Which two have unlimited liability?
Partnership
Private limited company
Soletrader
Public limited company
Sole trader has limited liability
True
False
Selling your stocks is a benefit as it allows you to raise funds
True
False
What does the S in SMART targets stand for?
(a)
What does the R in SMART targets stand for?
(a)
What does the G in PIGS stand for?
(a)
Which two are examples of internal factors which may change a business’s objectives
Business performance
Change in management
Competitors actions
Change in technology
Which two are external factors of why a business may need to change its objectives?
Change in management
Business performance
Change in market conditions
Change in technology
Which two are example of organic growth?
Merger
Employing more people
Takeover
Increase profits
Which two are examples of external growth?
Takeover
Increase profits
Open more branches
Merger
Which structure has a longer chain of command
Tall
Flat
Name an example of an organisational structure
(a)
Which organisational structure has better communication?
Tall
Flat
What is a benefit of a tall structure over a flat structure?
Better communication
Good opportunity for promotion
Better decision making
Which type of owner can sell their stocks?
Partnership
Public limited company
Private limited company
Sole trader
Which are internal stakeholders
Managers
Customers
Suppliers
Employees
Which two are external stakeholders?
Mangers
Suppliers
Employees
Customers
