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Higher Business - The Final Coundown!

Total questions: 25

Worksheet time: 15mins

Name
Class
Date
1.

Who performed the song "The final count down"?

a)

Berlin

b)

Journey

c)

Europe

d)

Amsterdam

2.

"Setting a very low price in order to attract customers from your competitors who will struggle to match low prices and may therefore go out of business"

What pricing strategy is this? (answer one word only)

(a)  

3.

Which sources of finance would be most appropriate to a third sector organisation?

a)

Donations

b)

Government grant

c)

Venture capitalist

d)

Issue of new shares

e)

Issue of new shares

4.

Which type of business is NOT owned by shareholders

a)

Private Limited Company

b)

Public Limited Company

c)

Social Enterprise

d)

Partnership

5.

A business that can purchase raw materials in bulk at a lower unit cost can be said to take advantage of :

a)

Economics of sale

b)

Economies of scale

c)

Economic External Factors

6.

Stakeholders: Which of the following is NOT something that a bank might do that would impact on a business?

a)

Change foreign exchange rates

b)

Permitting or denying loan requests

c)

Changing interest rates on loans offered

d)

Changing repayment lengths

7.

What was the question to this answer?: "An advantage of Centralised management structures is that they can lead to greater uniformity within the organisation as each branch of the business will be using standardised procedures. However, they are often less responsive to localised external pressures. It can also lead to demotivated staff who are not being given the opportunity to be involved in decision making".

a)

Compare centralised and de-centralised management structures

b)

Describe the features of a centralised management structure

c)

Discuss the advantages and disadvantages of a centralised management structure

d)

Explain the benefits of a centralised management structure

8.

Who would most likely make operational decisions in a business?

a)

Chief Executive

b)

Senior Managers

c)

Middle management

d)

Supervisors

9.

High tech businesses where competition is limited are usually:

a)

Market-led

b)

Product-led

10.

A typical channel of distribution would include (select all that apply)

a)

Sea

b)

Retailer

c)

Manufacturer

d)

Rail

11.

Which element of the extended marketing mix is being described? "the systems and procedures that are put in place to deliver a product or service to the customer"

(a)  

12.

Market research gathered through product tasting or demonstrations would be:

a)

Hall test

b)

Face to face interview

c)

Online survey

d)

Observation

13.

The philosophy that all employees (senior and junior) are responsible for the quality products is...

a)

Quality assurance

b)

Quality control

c)

Quality Management

d)

Benchmarking

14.

"Minimum inventory level" is:

a)

The smallest size order the supplier is willing to deliver

b)

The point that stock is re-ordered

c)

The lowest amount of stock a business should have

15.

Which of the following are stages in the RECRUITMENT process?

a)

Assessment centre

b)

Referencing

c)

Job analysis

d)

External advertising

16.

How many characteristics are protected under the Equality Act (2010)?

(a)  

17.

"T___e U____s" are organisations which support and represent the interests of employees.

(a)  

18.

Which is a DISADVANTAGE of using IQ Tests as part of the selection process?

a)

It can give a narrow view of a candidate's abilities.

b)

IQ testing is not allowed under the Equality Act 2010

c)

Candidates can complete the tests online

19.

Which is NOT a suitable source of finance for a Public Limited Company?

a)

Loan from friends or family

b)

Government grant

c)

Bank loan

d)

Issue shares

20.

In which financial statement would you find a company's ASSETS and LIABILITIES listed?

a)

Income statement

b)

Cash budget

c)

Statement of financial position

21.

In an income statement, how is "PROFIT FOR THE YEAR" calculated?

a)

Sales Revenue - Cost of sales

b)

Sales revenue + cost of sales

c)

Sales revenue - cost of sales - expenses

d)

Sales revenue + cost of sales + expenses

22.

Which psychologist suggested a "hierarchy of needs" theory to describe human motivation at work?

a)

Herzberg

b)

Maslow

c)

Freud

d)

Gilchrist

23.

In what year was the Health & Safety at Work Act introduced?

(a)  

24.

A leader who leaves his/her team to make their own decisions instead of giving instructions would have which leadership style?

a)

Laissez-faire

b)

Democratic

c)

Autocratic

d)

Dictatorial

25.

The Higher & N5 Business Management exams are on:

a)

18th May @ 09:00

b)

16th May @ 09:00

c)

17th May @ 13:00

d)

18th May @ 09:30