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Worksheetslesson 10
Total questions: 23
Worksheet time: 12mins
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The absence of a hygiene factor will
motivate employees to do their best
bring about job satisfaction
result in job dis-satisfaction
leave the worker neither satisfied nor dis-satisfied
Which of the following is NOT a need as identified by Maslow?
Esteem
Social
Hygiene
Self-actualisation
what is a trade union?
(a) It is an organisation
(b) A group of workers
(c) Trade unions are independent organisations that represent workers to their employers
(d) To register a trade union, you must apply to the Registrar of labour Relations
The term collective bargaining refers to:
actions aim to force employers to meet the demands of workers
measures taken by the workforce to put pressure on the employees
negotiations between representative of workers and employers
industrial action in which workers refuse to work
The purpose of the trade union is to represent workers' interests.
True
False
Mediation is the use of a third party in industrial disputes to encourage both employer and union to discuss an acceptable solution.
True
False
Arbitration refers to using an independent third party to resolve an industrial dispute.
True
False
A form of industrial action in which workers keep working but at a minimum pace demanded by their contract of employment is called
work-to-rule
go-slow
picketing
Sales representatives use IS(Information System) to
advertise products
Communicate with customers
analyses sales trends
All of the above
What is NOT a tool of Information Management
Information Audit
Information Mapping
Communication Audit
Manual Audit
Which of the following are advantages of opening a new business?
The owner has full control over business decisions like location, branding and signage, employees
There is little if any historical data regarding finances
The market for the business is already established
The owner can enter a new niche market
All of the following are part of the conceptualization function EXCEPT:
Developing a business idea
Understanding how the business will deliver what consumers want
Researching all aspects of the business idea
Evaluating business performance
Which of the following are reasons for starting a business?
The desire for financial independence
Self-fulfillment
Self-actualization
To increase your income
All of the above
Ashley is the owner of her bakery. She is the person that bears all risks and combines the factors of production efficiently and effectively with hopes of making a profit. She is a/an
manager
supervisor
counsellor
entrepreneur
Atomic research firm ‘GammaTech’ thinks they figured out fusion power. Setting up a test lab won’t be cheap, though. They petition the government, because they know there is some national budget for this kind of research. The government agrees and sends them $ 2M, without any expectation to get it back.
This is an example of:
Grants
Business Angel
Venture Capital
Loan Capital
The owner of Jack’s Furniture Workshop, a one man company, manages to get a massive order to fit out a secondary school in Michigan. He puts $10.000 of his savings into the company so he can buy the needed raw materials, fully expecting to earn it back quickly.
This is an example of:
Subsidies
Trade Credit
Personal Funds
Share Capital
Jack has a fabulous idea for an app.
A friend of his, who is also in the app business, gives him the phone number of Jakanda Operations.
Jakanda Operations is founded by a group of industry professionals who pooled their funds to invest in app concepts. He shows them the app and they decide Jakanda will participate in the development in return for 40% of the shares and an additional 20% of any profits. Jack agrees, and gets the money needed to develop the app.
This is an example of:
Retained Profits
Personal Funds
Debt Factoring
Venture Capital
What does S stand for in SWOT?
small
strong
strengths
slow
A new competitor (a business selling similar products) has opened nearby
strengths
weakness
opportunity
threat
Press/media coverage of your company.
Strength
Weakness
Opportunity
Threat
