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Worksheetsmrs h gcse business whole course jy
Total questions: 46
Worksheet time: 36mins
which of the following is a non-financial objective
survival
recognition
profit
sales
Which of the following are methods of market research?
Questionnaires
Product Tests
Books
Online searchs
An entrepreneur is creating a business plan for a new business they are including a section on sources of finance. Which of these are appropriate sources of finance to suggest?
Grant
Retained profit
Owner savings
Bank loan
Which of the following is an advantage to a business of delayering its organisational structure?
The duties of employees may be reduced
Spans of control will become narrower
Promotional opportunities will improve
Staff costs will be reduced in the long term
It is conducted face-to-face with customers and a series of questions are asked
Which of the following best describes the term chain of command?
Lines of authority in an organisation along which communication flows
Passing authority to others
A subordinate giving feedback to a superior
The number of employees that directly report into a line manager
A flat organisational structure will usually have:
Rigid rules
A more flexible approach to decision making
Many levels in the hierarchy
More promotional opportunities for employees
Which of the following is a key feature of centralisation?
Major decisions are made by a small number of senior staff
Major decisions are made by junior staff
Delegation is actively used in the organisation
A democratic management style exists
Which of the following statements best describes the term span of control?
The formal channels of communication in an organisation
Removal of a level in an organisational structure
The number of levels in an organisational hierarchy
The number of people that directly report to a line manager
Which of the following is a disadvantage of centralisation?
Decisions made may not be in line with the overall business aims
Increased costs of training
Inconsistent decision making across the organisation
Low levels of motivation amongst junior managers
Which of the following is the main advantage to a business of having a formal, internal organisational structure?
Employees have clearly defined job roles and duties
The layout of the organisation will be detailed on a map for new staff
Every employee will report to at least two line managers
Labour productivity will be lower
In which type of organisational structure would communication from the top of the organisation to the bottom layer of the organisation be the fastest?
Tall
Flat
Hierarchical
Regional
The passing of authority from one level to another is called:
Delegation
Responsibility
Chain of Command
Span of Control
Which of the following best describes the term decentralisation?
The business is organised into different functional areas
Key decisions are made by a small number of senior staff
The business is geographically widespread
Junior managers are given authority to make important decisions
Which of the following is a reason why a business would need to recruit new employees?
It is expanding in to new markets
It is delayering its organisational structure
Its staff retention rate this year is 100%
Demand for its products has fallen by 30% during the year
Your business plan should never list any risks or potential problems.
True
False
Which of the following is an example of external recruitment?
Advertising a job vacancy on the internet
Advertising a job vacancy on a firm’s intranet
Promoting current employees to more senior posts
A manager recommending an existing member of staff for a new role
What is a business plan?
Written document that only outlines the business practices of the new business.
Written document that describes the financial aspects of the business.
Written document that only describes the ownership of the business.
Written document that describes all the steps necessary for opening and operating a successful business.
It is time-consuming to obtain
It doesn't answer the questions asked
It doesn't allow for qualitative questions
It can't be done online
Which of the following best describes the term person specification? A document that:
Details the duties and tasks involved in a specific job
Is completed by a person applying for a job vacancy
Details the skills and qualifications required in a specific job
Is completed by a previous employer that comments on a candidate’s skills and abilities
Select two true statements that relate to a sole trader
Sole traders have limited liability
Sole traders get to make all their own decisions about the business
Sole traders may find it harder to raise funds for the business
Sole traders usually get more holidays than partners or directors
As businesses grow in size, they usually benefit from 'economies of scale' - what does this mean?
Lower total costs
Lower average costs per unit
Higher total costs
Higher average costs per unit
If a business currently has sales of £250,000 in a market worth £2 million, what is it's market share?
10%
12.5%
17.5%
25%
Kraft took over Cadbury in 2010. Which type of business growth is this an example of?
Internal (organic) growth
External growth
do you like business
yes
yes
yes
yes
what is a market map
a diagram
customers
a product
a variable cost
fixed cost do not vary with
(a)
£1000 - £900 = ???
10
1900
FIXED COSTS
101
if jack has £20 and jacob takes £20 with £10 tax, how much is jack in debt ???
He isn't in debt
£10
£100
$10
Draw a fixed cost graph
Click all ways a business can compete
wider product range
a really cool shop
better customer service
lower prices
Draw a market map
When is a business making profit ??
when revenue is greater than total cost
when total costs is greater than revenue
The owners of a business are
Taxpayers
Workers
Shareholders
Suppliers
New business ideas can come about through
(a)
Which is not a risk of running a business
business failure
financial loss
independence
lack of security
A reward of business activity is
(a)
Which two of the following are the most likely ways that PrintZone Ltd could improve cash flow position?
use a mind map to improve planning
carry out market research
increase revenue by increasing sales
negotiate lower prices with suppliers
emplo two more members of staff
Why can a profitable business still fail
poor cash flow
peer pressure
family/ friends
weather
Which one of the following would be the most appropriate action for a business in order to cope with its negative cash-flow forecast for August and September?
approach its bank to take out a loan
sell more shares in the company
arrange an overdraft with its bank
seek out the services of a venture capitalist
What is short term finance
finance repaid immediately or quite quickly
finance repaid over a longer period of time
which two of the following are long term sources of finance for a sole trader?
profit
overdraft
bank loan
trade credit
Which two of the following might be the most likely reason why someone might set up as a private limited company?
she wants to raise lots of money on the stock exchange
she believes the risk is lower than operating as a sole trader
she would be liable only for the amount she invested if the business failed
she would have access to limited sources of finance
One example of short term finance is
(a)
Insolvency is when
(a)
