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WorksheetsIGCSE Business Review Questions
Total questions: 43
Worksheet time: 24mins
Which business sector deals with extracting raw material and natural resources?
primary sector
secondary sector
tertiary sector
all of the above
primary sector is mostly located in
city centers
urban areas
rural areas
all of the above
Turning raw materials into final finished goods is part of the ________
tertiary sector
developed countries
secondary sector
none of the above
A form of business where the owners of the company are referred to as shareholders.
Sole Proprietorship
Partnership
Corporations
Cooperative
the .....is a legal documents between the employee and the employer
letter of appointment
letter of acceptance
employment contract
appoint contract
A street vendor who sells juices in the city center is an example of
partnership
Sole trader
Business owner
B and C
which of the following is a feature of a public corporation
It is owned by the board of directors
It is owned by the government
it aims to maximise profits
it is not accountable to anyone
Which of the following countries has most likely seen the sharpest decline in employment in the primary sector in the last 50 years
USA
Uganda
Cambodia
Ethiopia
A fast method of growth is a key advantage for which business structure?
Franchisor
Partnership
Franchisee
Social Enterprise
Taking risk in business is a key role of which of the following?
Accountant
Entrepreneur
Company Director
Marketing Manager
The legal responsibility of the owners of a business to repay its debts is limited to the amount of capital they invest in the business.
limited liability
unlimited liability
exchange rate
board of directors
In a private limited company, which of the following is NOT true?
The shareholders have limited liability
The company can sell its shares to the public
People must be invited to buy shares in the business
The company must have at least one shareholder
Sending messages between people working for the same organisation.
Internal communication
External communication
Medium of communication
Communication
_____________ is between the organisation and other organisations or individuals.
Internal communication
Medium of communication
External communication
Communication
the number of employees directly controlled by one manager
the number of departments in a business
the number of managers who report directly to each worker
the number of levels in a firm's hierarchy
An advantage of having a short chain of command is that
the company will gain unlimited liability
managers will have greater bonuses
fringe benefits will become more common
better communications between the managers and employees
The process by which a business hires new employees
The process by which a business trains staff
The process by which a business inducts staff
Race or age
Skills
Education
Years of Experience
Horizontal communication is ...
Communication between two people on the same level within an organisation structure
When communication occurs between staff and customers
Communication between two people on different levels within an organisation structure
The use of digital communication devices to send a message
Select all the advantages of a tall organizational structure.
It is clear who is responsible for which tasks.
There are more promotional opportunities
Reduced bureaucracy, making the organisation more adaptable to changes.
Increased cooperation and communication between departments.
ShinyAutos wishes to motivate its staff to sell more cars, deciding to pay individual salesmen 5% of each sale they make. This type of payment is called ______________________.
remuneration.
a commission.
a promotion.
a bonus.
a fringe benefit.
___________________________ is the degree to which employees are able to make their own decisions about their day-to-day roles.
Retention
Job enrichment
Productivity
Autonomy
What is the top level on Maslow's Hierarchy?
Physical needs
Safety needs
Self actualisation
Self-esteem
Which theorist believed that people are inherently lazy and are only motivated by money?
Mayo human relations theory
Taylor's scientific management
Herzberg's two factor theory
Maslow's hierarchy of needs
Which financial method of payment was derived from Taylor's theory?
Salary
Bonus
Fringe benefits
Piece rate
Which of the following is an example of a non-financial method of motivation?
Profit sharing
Commission
Performance related pay
Training
Giving staff more challenging and interesting jobs as part of their role is called:
Job enrichment
Job rotation
Job enlargement
On the job training
computer software design
large supermarket
mass producer of family car models
travel company’s ticket office
1. Developing countries are attractive locations to open a factory for a company because
a. High level of market growth rate and potential
a. More unskilled labors available
a. Cheaper raw materials available
a. All of the above
Which of the following businesses is most likely to locate close to its raw materials?
Yoghurt manufacturer
National supermarket chain
A store for luxury bags
British online clothing retailer
Which of the following is NOT a way to motivate its employees
motivate the workers
hire a manager
use more advanced technology
train the workers
A business combines inputs to make products or services.
True
False
Part of the business profit that's used to further expand the business later is called ____________
Retained profits
Share capital
Angel investor
Owner savings
An amount of money that is paid back within an agreed amount of time, with interest is called _____
Bank loan
Angel investment
Overdraft
Retained profit
What is an advantage of an overdraft?
There is never interest
You can pay in smaller installments
Useful for relatively small sums and short term finance
You don't have to pay it back
What happens at Break-even Point?
Company makes neither profit nor loss
Company makes profit
Company makes loss
Company goes bankrupt
Money made from selling products or services
Money paid to suppliers for materials
Expenses x Units produced
Monthly rent payments to landlord
Government Grant
Personal savings
Bank Loan
Overdraft
Which of the following is a variable cost _____
Rent
Insurance
Raw Materials
Office furniture
The next best alternative given up by choosing another item is the definition of?
Scarcity
Opportunity cost
Purchase
Business activity
An increase in fixed cost will do which of the following?
Shift the break-even point to the left
make the total cost curve more steep
Shift the break-even point to the right
make the total cost function flatter
Which of the following is NOT true for a Public Limited Company?
The company's shares can be sold to the public
The company have to publish its financial accounts to the public
It is cheap and easy to set up and operate
Separation of management and ownership
If the currency of a country depreciates, it means that_____
The exports of that country become more competitive
It's cheaper to import from other countries
The country's trade surplus will grow
The country's trade deficit will grow
