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WorksheetsUnderstanding Business (Prelim Revision)
Total questions: 40
Worksheet time: 14mins
A public limited company (PLC) is owned by...
Board of Directors
Shareholders
The government
A public limited company (PLC) is controlled by...
Board of Directors
Shareholders
The government
A public limited company (PLC) is financed by...
Taxation
Owner's savings
Selling shares
A public sector organisation is owned by...
Board of Directors
Shareholders
The government
A public sector organisation is controlled by...
Board of Directors
Shareholders
The government
A public sector organisation is financed by...
Taxation
Owner's savings
Selling shares
Corporate culture is a set of values and beliefs that are set by an organisation to create a sense of identity and belonging in the workplace.
True
False
Changing laws and legislation
Political
Economic
Social
Changing corporation tax
Political
Economic
Environmental
Boom or Recession
Political
Economic
Technological
Exchange rates
Political
Economic
Social
Flexible working arrangements
Political
Economic
Social
More women in work
Social
Economic
Political
Cloud storage (storing files electronically)
Political
Technological
Competitive
Social media
Competitive
Political
Technological
Extreme weather conditions
Environmental
Political
Social
Carbon Footprint
Economic
Technological
Environmental
Having a strong corporate culture means that...
There will be a high staff turnover
Staff will be more motivated which will increase productivity
Employees will be looking for a new job
Having a strong corporate culture means...
The business can attract high quality candidates for new jobs
The business will have a poor reputation
Customers may choose to use competitors as a result
One benefit of being a multinational is that businesses can avoid (a) in the home country
One benefit of being a multinational is that (a) and raw material costs are lower in host countries
One disadvantage of being a multinational is (a) barriers can slow down communication
One disadvantage of being a multinational is that (a) differences can hinder communication between head office and branches around the world
A tall structure has (a) levels of management
In a tall structure, the chain of command is (a) due to the many levels of management
In a tall structure, the manager has a (a) span of control
A flat structure has (a) levels of management
In a flat structure, the chain of command is (a) due to the few levels of managers
In a flat structure, the manager has a (a) span of control
These decisions are made over the long-term e.g. 5 - 10 years
Strategic
Tactical
Operational
These decisions are considered to be high risk
Strategic
Tactical
Operational
These decisions are considered to be medium risk
Strategic
Tactical
Operational
These decisions are made day-to-day and are made in response to certain activities e.g. dealing with a customer complaint
Operational
Strategic
Tactical
These decisions are considered to be low risk
Strategic
Operational
Tactical
A facility that will allow you to withdraw more money from your account than is available
Bank loan
Overdraft
Mortgage
A fixed amount of money that is given to a business by the bank that has to be repaid over time with interest
Overdraft
Sale and lease back
Bank loan
Given to a business on the condition that they meet certain criteria such as providing jobs in areas of high unemployment
Grant
Loan
Debt factoring
Getting small amounts of finance from a large amount of people. This is usually done through social media or websites
Crowdfunding
Sale of assets
Debentures
Corporate social responsibility (CSR) is when a company aims to act (a) and responsibly to ensure the public perceive them in a positive light.
An example of operating in social responsibly way is...
Reducing carbon footprint
Creating new safety measures
Improving working conditions
