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WorksheetsHBM Understanding Business Exam Revision
Total questions: 35
Worksheet time: 19mins
Businesses including farming, fishing, forestry & the extraction of natural resources e.g. oil, minerals etc.
Tertiary Sector
Primary Sector
Secondary Sector
The economic problem
Organisations run by central or local government are often referred to as
Private sector
Voluntary sector
Public sector
Mixed economy
Which of these business activities are usually NOT in the public (government) sector?
grocery stores
health
defence
public transport
How many Sectors of Industry are there?
3
7
4
5
The Sectors of Industry are…..
Secondary
Third
Primary
Tertiary
A PLC is owned by
Shareholders
Managers
Board of Directors
Family and Friends
A PLC is controlled by
Shareholders
Board of Directors
Managers
Family and Friends
External Factors are
Political, Economic, Social, Technological, Environmental, Competitive
Political, Ergonomic, Social, Technological, Environmental, Competitive
Police, Economic, Standard, Technological, Expected, Corporate
Public, Expected, Standards, Technical, Electronic, Corporate
Choose 2.
Businesses might aim to grow to...
Increase the number of customers which will increase profits and market share
To take advantage of economies of scale, thereby reducing costs
To decrease the return on investment for owners
Which of the following are methods of growth?
Merger
Investment
Diversification
Forward Vertical Integration
Backward vertical integration means...
Taking over a supplier
Taking over a customer
Forward vertical integration means...
Taking over a supplier
Taking over a customer
Diversification means...
When a business splits into 2 or more separate businesses
When 1 business introduces different goods and services different to their original business idea
When 2 businesses that provide different goods and services join together
When a business sells off some of its assets to raise finance
Divestment means...
When a large business takes ownership and control of a smaller one
When 2 businesses approximately the same size join together
When a business sells off some of its assets or smaller parts of the business to raise finance
A merger is when...
2 businesses who trade in the same market join together
2 businesses of approximately the same size join together
2 businesses providing the same service join together
What type of structure is shown above?
Flat Structure
Tall Structure
Matrix Structure
Entrepreneurial Structure
A Tall Structure is...
An organisational structure with many levels of hierarchy and a narrow span of control.
An organisational structure with many levels of hierarchy and a wide span of control.
An organisational structure limited levels of hierarchy and a narrow span of control.
An organisational structure limited levels of hierarchy and a wide span of control.
A Flat Structure is...
An organisational structure with many levels of hierarchy and a narrow span of control.
An organisational structure limited levels of hierarchy and a wide span of control.
An organisational structure with many levels of hierarchy and a wide span of control.
An organisational structure limited levels of hierarchy and a narrow span of control.
If a business is looking to save money, what could they do with their business structure?
De-merger
Delayering
Deintegration
PESTEC factors may positivly or negativly affect decision making
True
False
What internal factions can cause difficulties in making decisions
Finance Available
Skills of Employees
Legislation
Number of Employees
Quality of the Decision Maker
Making quality decisions DOES NOT require Quantitative and Qaulitative data
False
True
The role of the manager when making decisions is to plan, organise, command, control, coordinate, delegate and (a)
