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WorksheetsRevision - Secondary 4 - Business
Total questions: 75
Worksheet time: 38mins
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
GDP stands for
Gross Domestic Pricing
Gross Domestic Product
General Domestic Product
General Domestic Pricing
If the economy is growing then GDP is
decreasing every year
remaining the same every year
increasing every year
is unaffected
Demand led inflation is
decrease in demand for goods and services, causing prices to fall
decrease in demand for goods and services, causing prices to rise
increase in demand that exceeds level of goods and services, so prices rise
increase in demand that exceeds level of goods and services, so prices fall
Taylor's views on worker motivation suggested that:
workers will work harder when they have clean and hygiene conditions
workers will work harder when they have a job contract
workers will work harder when they are recognised
workers will work harder when they are paid more
One of the best definition of 'piece rate' of pay is:
workers are paid according to the duration of their work
workers are paid according to the quantity of their work
workers are paid according to the quality of their work
workers are paid when they do not make any pieces of output
Which one of the following is in correct order?
Physiological needs, social needs, esteem needs, safety needs and self-actualisation
social needs, safety needs, physiological needs, esteem needs, self-actualisation
physiological needs, safety needs, social needs, esteem needs, self-actualisation
self-actualisation, esteem needs, social needs, safety needs, physiological needs
Which is a limitation of Maslow's theory?
everyone has the same needs as is assumed by the hierarchy
money is a must to satisfy only physiological needs
it is easy to identify to which level a worker is on the hierarchy
self-actualisation is never permanently achieved
The value of the employees' output depends on how well-motivated they are.
TRUE
FALSE
The best way to define worker motivation is:
employees working hard due to the fear of losing their jobs
employees work hard when they are under close supervision
employees work hard as they are driven by their desire to do their best for themselves and for business
employees work hard only because they are paid a high salary or wages
What is defined as a strategy for the acquisition, utilization , improvement and preservation of an organisation’s human resources?
Human Resource Development
Human Resource Policy
Human Resource Planning
None of the above
The systematic procedure for securing and reporting information defining a specific job is called as
Job description
Job Analysis
Job Specification
Job Alignment
A broad statement of the purpose, scope, duties and responsibilities of a particular jobis called as________
Job description
Job Analysis
Job Specification
Job Alignment
Which process is done first?
Induction
Recruitment
Man power planning
Selection
Recruitment is
Stimulating the Candiadte to apply for a job
Selecting a right person for a right place
Analysing the job
Planning for the number of employees
Long-term, forward-looking approach to planning with the fundamental goal of achieving a sustainable competitive advantage.
Advertisement
Marketing
Marketing Plan
Marketing Strategy
Comprehensive document or blueprint that outlines the advertising and marketing efforts for the coming year.
Marketing Plan
Market Research
Marketing Strategy
Product Testing
Process of gathering, analyzing, and interpreting information about market, product, or service to be offered for sale in the market, about the past, present and potential customers for the product or service.
MARKETING PLAN
MARKET RESEARCH
MARKETING STRATEGY
PRODUCT TESTING
Asking survey questions aimed capturing needs, values, attitudes, behaviors and demographics.
ADVERTISING TESTING
BRAND AWARENESS AND REACH
MARKET SEGMENTATION
PRODUCT TESTING
Help produce marketing messages to change or enhance existing perceptions about your products/ services
ADVERTISING TESTING
BRAND AWARENESS AND REACH
MARKET SEGMENTATION
PRODUCT TESTING
SATISFACTION AND LOYALTY ANALYSIS IS ?
Keeping how effective your marketing campaigns really are.
Measuring customer satisfaction to increase customer retention.
Surveys that ask customers to choose between different products with unique features and price points.
Tests of advertising campaigns can save you valuable time and resources.
Brand Awareness and Reach is?
Keeping how effective your marketing campaigns really are.
Measuring customer satisfaction to increase customer retention.
Surveys that ask customers to choose between different products with unique features and price points.
Marketing communication that employs an openly sponsored, non-personal message to promote or sell a product, service or idea.
ADVERTISEMENT
ADVERTISING
DISPLAY ADS
SOCIAL MEDIA ADS
Digital Ads, Billboards, Newspapers and Magazines are _____________.
DISPLAY ADS
PODCASTS
SOCIAL MEDIA ADS
Paying to sponsor a sports or a charity event.
DISPLAY ADS
EVENT MARKETING
OUTDOOR ADVERTISING
SOCIAL MEDIA ADS
Pinterest, Instagram, Facebook are example of ........
DISPLAY ADS
PODCASTS
SOCIAL MEDIA ADS
VIDEO ADS
the ratio of outputs to inputs during production
production
level of production
productivity
Ways to increase productivity
motivate the workers
hire a manager
use more advanced technology
train the workers
producing output at the highest ratio of output to input
effectiveness
efficiency
labor intensive
capital intensive
involving a high quantity of capital equipment compared with about input
effectiveness
efficiency
labor intensive
capital intensive
Operations planning decisions are influenced by
technology
market demand
skills of the labor
availability of resources
the use of computer programs to control machine tools and related machinery in manufacturing of products.
CAD
CAM
advanced technology
automation
producing a one-off item specially designed for the customer
mass customisation
flow production
batch production
job production
the use of flexible computer-aided production systems to produce items to meet individual customer's requirements at mass-production cost levels
mass customisation
flow production
batch production
job production
An advantage of batch production
high level of worker motivation
some flexibility in design of product in each batch
low unit costs due to constant working machine and high labour productivity
ability to undertake specialist projects or jobs
A disadvantage of flow production
high unit production costs
high levels of stocks at each production stage
expensive to set up flow-line machinery
wide range of tolls needed
quantitative factors of deciding location
labour costs
government grants
room for expansion
environmental concerns
Qualitative factors in deciding location of a business
break even analysis
the pull of market
safety
transportation cost
reductions in a firm's unit costs of production that result from an increase in the scale of operation
communication economies
technical economies
coordination economies
marketing economies
factors that cause average costs of production to rise when the scale of operation is increased
purchasing problems
alienation of the workforce
coordination problems
financial
Type of inventory
finished products
work in progress
raw material
stock
