Font size
WorksheetsBusiness Ch 1 - 4 Revision Quiz
Total questions: 25
Worksheet time: 13mins
Which of the following is in the Tertiary Sector
Agriculture
Construction
Forestry
Public utilities
This occurs when the importance of the primary sector decreases and the importance of the secondary sector increases
Industrialization
De-Industrialization
Privatization
Nationalization
Which of the following is an external stakeholder
Shareholders
employees
workers
Competitors
Which of the following is a characteristic of a developed economy
Most workers are employed in the Primary sector
The primary sector is vast
customers have few goods and services to choose from
The primary sector is small
Conflicts can occur between which stakeholders
workers and Owners
Managers and Customers
Governments and customers
Banks and governments
All of the following are advantages of Market Economy Except
Consumers have a wider variety of goods to choose from
resources are allocated with minimum or zero waste
High quality and low prices
Profit is an incentive to increase efficiency
When an Individual takes over a business in the Public sector, this is known as
Nationalization
Industrialization
Privatization
De-Industrialization
Which country does not have a mixed Economy
North Korea
France
Egypt
Germany
Which of the following are not a common business objective
Profit
lower Prices
Added Value
Growth
The common objective for small new business would be
Survival
Maximize profit
high market share
Create a brand image
Which of the following are advantages of adding value
(there could be more than one answer)
Corporate social responsibility
charge higher prices
create better brand image
change objectives dynamically
All of the following are methods of measuring the size of the business except
number of stakeholders
number of people employed
Capital employed
added Value
When a company that makes furniture takes over a forest, this is which type of integration
Horizontal
Vertical forward
vertical backward
conglomerate
When a coffee shop merges with a coffee bean manufacturer, what type of integration is this
Vertical forward
conglomerate
horizontal
non are correct
when a furniture company takes over a supermarket, what type of integration is this
vertical backward
non are correct
conglomerate
horizontal
all of the following are problems faced due to growth except
communication problems
unwelcome public attention
being close to customers
financial problems
A company owned and controlled by one person
Ltd
Plc
Partnership
Sole trader
A company owned and controlled by 2-20 people
Ltd
Plc
Partnership
Sole Trader
A company that sells shares in the stock market
Ltd
Plc
Partnership
Sole trader
A company that can only sell shares to friends and family
Ltd
Plc
Partnership
Sole trader
A company that gives permission for someone else to sell their products through license
Ltd
Franchise
Plc
Sole trader
When 2 or more companies join on a specific project
Franchise
Joint Venture
Private limited company
Partnership
an Advantage for a private limited company (Ltd) on going public is
unlimited sources of finance
limited liabilities
unlimited liabilities
the government will gain control
for a company to sell shares on the stock exchange market it must be
Quoted
limited liabilities
owned by one person
owned by 2-20 people
Which of the following is in the primary Sector
Construction
Canning food
Forestry
Public utilities
