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WorksheetsBusiness
Total questions: 35
Worksheet time: 47mins
A good or service that people would like to have, but is not required for living is called
Want
Needs
Interest
Desire
A good or service that is essential for living is called
Want
Needs
Interest
Desire
which of the following is a feature of a public corporation
It is owned by the board of directors
It is funded by the government
it aims to maximise profits
it is not accountable to anyone
The transfer of public sector resources to the private sector is called what?
Nationalisation
Rationalisation
Segmentation
Privatisation
Which of the following is a reason against the public ownership of businesses
Public corporations may be too large and difficult to control
Public corporations can not raise enough funding
The government can not employ business people
Public corporations can not employ overseas employees
which of the following business activities is likely to be operated by a sole trader
Motor car manufacturing
Chemical `processing
Banking
Gardening Service
what is the most appropriate form of business for a multinational operator
Partnership
Public Corporation
Public Limited Company
Social Enterprise
What is an appropriate form of business for a self employed taxi driver
Multinational
Public Limited Company
Sole Trader
Cooperative
Which of the following is of most likely to effect appropriateness of a particular form of business
The rate of inflation in the Economy
Geographical location
financial risk owners are prepared to take
the views of employees
which one of the following is an advantage of a sole trader?
Limited Liability
More capital can be raised than a partnership
Unlimited liability
independence of owner
Having a clear social and/or environmental mission is a feature of which business structure?
Franchise
Sole Trader
Social Enterprise
Partnership
A fast method of growth is a key advantage for which business structure?
Franchisor
Partnership
Franchisee
Social Enterprise
Taking risk in business is a key role of which of the following?
Accountant
Entrepreneur
Company Director
Marketing Manager
Which document would be issued to a limited company giving it a permission to trade?
Memorandum of association
Articles of association
Certificate of incorporation
Prospectus
Which item of information would be contained in the memorandum of association?
Rights of shareholders
Name of the company
Price of the shares to be issued
Procedures for appointing the directors
Selling shares to the public for the first time to raise the capital for a company is called a:
Flotation
Prospectus
Joint Venture
Venture capital
Which of the following is a disadvantage of a private limited company?
Shareholders have limited liability
Owners have to share the profit with outsiders
It can take time to transfer shares to a new owner
Control could be list to outsiders
Which of the following professions could be run as a sole trader?
Plumber, electrician, mobile hairdresser, ice cream van business
Solicitor, accountant and doctor
Which of the following professions could be run as a partnership?
Plumber, electrician, mobile hairdresser, ice cream van business
Solicitor, accountant and doctor
Which of the folowing is a business stakeholder?
Lawyer
Tax Collector
Customer
Police Officer
Which of the following business activities is a service?
House Construction
Dental Treatment
Coconut Farming
Gold Mining
An example of a producer good is:
Tractor
Newspaper
Package holiday
Meal at a restaurant
Which of the following is a non financial business objective?
Increase market share
Independence and control
Profit maximixation
Survival
Which of the following is a financial business objective?
Improve Customer Service
Independence and control
Sales growth
Improve social responsibility
which of the following might cause business objectives to change over time?
Technological Development
A rise in price of shares
Following the introduction of a new accounting system
A change in weather patterns
Which of the following is likely to be an objective of a public sector organisation?
Increase profit by 5% in next financial year?
Survival
Increase revenue by 20% over a three-year period.
Improve the quality of customer service.
Customer____________ is when existing customers continually buy products from the same business.
loyalty
data
focus
relationship
Which of the following is NOT the example of Capital
Money
Building
Staff
Machinery
