WorksheetsHigher Business - The Final Coundown!
Total questions: 25
Worksheet time: 15mins
Who performed the song "The final count down"?
Berlin
Journey
Europe
Amsterdam
"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)
Which sources of finance would be most appropriate to a third sector organisation?
Donations
Government grant
Venture capitalist
Issue of new shares
Issue of new shares
Which type of business is NOT owned by shareholders
Private Limited Company
Public Limited Company
Social Enterprise
Partnership
A business that can purchase raw materials in bulk at a lower unit cost can be said to take advantage of :
Economics of sale
Economies of scale
Economic External Factors
Stakeholders: Which of the following is NOT something that a bank might do that would impact on a business?
Change foreign exchange rates
Permitting or denying loan requests
Changing interest rates on loans offered
Changing repayment lengths
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".
Compare centralised and de-centralised management structures
Describe the features of a centralised management structure
Discuss the advantages and disadvantages of a centralised management structure
Explain the benefits of a centralised management structure
Who would most likely make operational decisions in a business?
Chief Executive
Senior Managers
Middle management
Supervisors
High tech businesses where competition is limited are usually:
Market-led
Product-led
A typical channel of distribution would include (select all that apply)
Sea
Retailer
Manufacturer
Rail
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)
Market research gathered through product tasting or demonstrations would be:
Hall test
Face to face interview
Online survey
Observation
The philosophy that all employees (senior and junior) are responsible for the quality products is...
Quality assurance
Quality control
Quality Management
Benchmarking
"Minimum inventory level" is:
The smallest size order the supplier is willing to deliver
The point that stock is re-ordered
The lowest amount of stock a business should have
Which of the following are stages in the RECRUITMENT process?
Assessment centre
Referencing
Job analysis
External advertising
How many characteristics are protected under the Equality Act (2010)?
(a)
"T___e U____s" are organisations which support and represent the interests of employees.
(a)
Which is a DISADVANTAGE of using IQ Tests as part of the selection process?
It can give a narrow view of a candidate's abilities.
IQ testing is not allowed under the Equality Act 2010
Candidates can complete the tests online
Which is NOT a suitable source of finance for a Public Limited Company?
Loan from friends or family
Government grant
Bank loan
Issue shares
In which financial statement would you find a company's ASSETS and LIABILITIES listed?
Income statement
Cash budget
Statement of financial position
In an income statement, how is "PROFIT FOR THE YEAR" calculated?
Sales Revenue - Cost of sales
Sales revenue + cost of sales
Sales revenue - cost of sales - expenses
Sales revenue + cost of sales + expenses
Which psychologist suggested a "hierarchy of needs" theory to describe human motivation at work?
Herzberg
Maslow
Freud
Gilchrist
In what year was the Health & Safety at Work Act introduced?
(a)
A leader who leaves his/her team to make their own decisions instead of giving instructions would have which leadership style?
Laissez-faire
Democratic
Autocratic
Dictatorial
The Higher & N5 Business Management exams are on:
18th May @ 09:00
16th May @ 09:00
17th May @ 13:00
18th May @ 09:30
