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WorksheetsBusiness Studies Grade 10 Revision 1
Total questions: 50
Worksheet time: 26mins
The micro environment refers to the internal environment of the business.
True
False
The businesses resources include physical, human, financial and technological resources.
True
False
A cleaner sets the vision, sets aims and goals and a new vision.
True
False
Middle management is responsible for making strategic decisions.
True
False
Data refers to (a)
A good manager must have _____
lazy manners.
good communication and listening skills.
____ are amounts provided by government to businesses.
Grants
An overdraft
An ____ is similar to a loan which must be paid back with higher interest.
underdraft
overdraft
____ capital is money provided by a person to help a start-up business, in exchange for a a share in the business.
Adventure
Venture
The ____ is responsible for establishing good relations with consumers, suppliers and investors.
public relations
marketing department
Suppliers are responsible for providing resources such as raw materials to a business.
True
False
Intermediaries use laws and rules to control the market environment.
True
False
Strategic alliances are organizations or people who form partnerships to achieve a common goal.
True
False
CBO's and NGO's are part of civil society.
True
False
The assessment to used for the Micro environment, is the ________
Porter's Five
SWOT-analysis
The assessment used for the market environment is the ____
Porter's Five
SWOT-analysis
The assessment tool used for the Macro Environment, is the _____
Porter's Five
Pestle
The organogram is an example of the organizational _____
structure
stricter
The ____ provides an outline of how the business will achieve its vision.
goals
mission statement
Quality ______ occurs when business do check ups during the production process or every stage of manufacturing.
control
assurance
Quality ___ happens when business to a quality check at the end of the production process.
control
assurance
The ___ refers to the external environment, over which management has no control.
market
macro
The ____ refers to the inside of the business, over which management has full control and can also make decisions.
micro
market
The _____ environment is the outside of the micro environment, which management cannot control but have some influence.
macro
market
Components found in the micro environment are: ____
consumers, supplier, competitors, intermediaries.
vision, mission statement, goals, objectives, organisational culture and sources, 8 functions.
Components found in the market environment are: ____
consumers, supplier, competitors, intermediaries.
vision, mission statement, goals, objectives, organisational culture and sources, 8 functions.
Businesses that combine their resources to undertake a project, share expertise and information to benefit all their members.
strategic allies
regulators
Types of capital which businesses can use, include _____capital.
fake, casino chips, monopoly money
fixed, working, own and borrowed
_____ capital is used by businesses to achieve long-term goals like buying assets or expanding the business.
Fixed
Working
_____ capital is used to pay for daily operations of the business such as paying workers and buying stock or paying creditors.
Fixed
Working
The management tasks of a business include _____
planning, organising, controlling, directing,leading
shoving, pushing, loading, bullying.
The function responsible for the recruitment, training and advertising of a new post.
Marketing
Human Resources (HR)
The function responsible for promoting the image of the business.
Public Relations
Marketing
_____ assist communities with job creation and becoming self-sufficient.
NGOs
CBOs
____ are non-profit organizations that operate separately from government and concerned with addressing socio-economic issues.
NGOs
CBOs
___ are government bodies that make rules and regulations to control business activities.
Rulers
Regulators
____ is the assessment tool used in the market environment.
SWOT-analysis
Porter's Five
_____ is the assessment tool used in the micro environment.
SWOT-analysis
Porter's Five
____ is the assessment tool used in the macro environment.
Pestle
Porter's Five
____ protect the interest of workers, call for industrial actions and negotiate for better wages and protect workers against unfair dismissal.
Employer's organizations
Trade Unions
A____ create a vision, inspire subordinates, influences behavior and communicates through vision/charisma.
manager
leader
A ____ understands the goals of the business, delegates tasks to subordinates, guides behavior and is usually appointed in that position.
manager
leader
Lower level management makes ___ decisions.
strategic
operational
Top management makes ___ decisions in the business.
strategic
operational
Middle management makes ____ decisions within the business.
operational
tactical
Organizational resources of a business include _____ resources.
financial, human, technological and physical
non-physical and biological
The ___ contains what the business wants to achieve in the future.
mission statement
vision
The _____ outline/explains the reasons why the business exist.
mission statement
vision
____ reflect what the business wants to achieve in the long run.
Objectives
Goals
____ are the short-term steps that will guide the business to achieve its goals.
Objectives
Gaols
