WorksheetsGrade 10 Term 2 Consolidation
Total questions: 60
Worksheet time: 31mins
Choose the best definition or meaning that explains what a public sector business does.
It is a business that makes a profit.
It is a business that is run by the government and provides important services to people.
It is a business that uses some of its profit to help problems in the community.
What is an entrepreneur?
It is a private business.
It is a person who starts their own business and makes sure that land, labour and capital are working well.
It is an individual who works for a business and has a skill at that job.
The private sector consists of the ... sector and informal sector
business
quality
pricing
formal
Definition of GLOBALISATION
Exploitation of local resources by the multinationals
Greater mobility of people
Development aid from states and world organisations
Increase of trade around the world among different countries
Which of the following form part of the market environment?
Competitors
Suppliers
Non-government organisations
Political factors
Collective goods are also known as …
infrastructure
formal goods
informal goods
teamwork
Which of the following is not an important objective of a business?
survival
profitablity
growth
social status
social responsibility
Which of the following is a business function?
Vision
Mission
Goals and objectives
Purchasing
True or False? Developing the business strategy forms part of the responsibilities of general management.
True
False
Which of the following are elements of the micro environment?
Business functions
Resources
Business Policy
Industry regulators
When the manager allocates duties, authority and responsibilities to subordinates (people below her), we call this...
Communication
control
delegation
discipline
Which of the following is not a characteristic of the Business Environment?
Simple
Complex
Multi-faceted
Dynamic
Which function involves procuring raw materials or finished products that a business needs to function at the best possible price and keeping accurate records of purchases?
Marketing
Management
Finance
Purchasing
Beth created a database to collect customers' information for the business. This is an example of......
Marketing function
Purchasing function
Administration function
Risk Management
Tool to evaluate MACRO Environment
SWOT
PESTLE
Porter's 5 Forces
Which function involves controlling, monitoring, setting goals, and leading?
Marketing
General Management
Human Resources management
Accounting
Business has _____ control over the MACRO Environment
Complete
Some Control/influence
No
Which sector contributes DIRECTLY to the Gross Domestic Profit (GDP) of South Africa
Formal
Private
Public
Informal
What sector is this business?
Public
Private
Social Enterprise
a ---------- is the roadmap of the business.
(a)
Public relations is responsible for selling products.
True
False
What is the production chain for the diagram?
Cars
Fuel
Lorries
Motorbikes
The 4 p's of marketing are
Price
Product
Preparation
Place
Promotion
An overall reduction in consumer spending power is known as
Recession
Entrepreneurial factors
Socio economic issues
Legislation
The Basic Conditions of Employment Act is an example of
Contemporary legislation
Globalisation
Employee protection
Employer insurance
Influencing the supervisory body does not include:
Auditing
Following regulations
Bribery
Lobbying
An example of a business that frequently participates in strategic alliances is
Krispy Kreme
Woolworths
Pick n pay
Starbucks
A partnership has …
limited liability and limited continuity.
unlimited liability and unlimited continuity.
limited liability and unlimited continuity.
unlimited liability and limited continuity.
All the raw facts and figures collected by the business functions is called...
Information
Data
Data processing
Information processing
The production supervisor needs to assess the amount of milk needed in the bakery for next week. This decision is taken by:
BOD
Top level management
Middle level management
Low level management
"Emerging entrepreneurs" is a term that is used to describe entrepreneurs who have previously been disadvantaged.
True
False
Which of the following is a pull factor to entrepreneurship?
Independence
Unemployment
Disagreement with current employer
No formal training (can't find a job)
A techno-preneur is someone who uses innovative business ideas to solve community problems.
True
False
What's a franchisee?
A franchisee is the initial fee paid to the company
A franchisee is a company that owns the service and grants rights to another business.
A franchisee is formed when the franchisee buys a business.
A franchisee is the person buying the right to run a business.
Which is ONE disadvantage of Sole Proprietorship?
Less direct control
Disagreements
Hard to raise money
What is a gap in the market
A hole in a market roof
No markets in a meter square
Lack of good and services in a certain area
None of the above
Which service from the below mentioned provides protection from risk?
Banking
Transportation
Insurance
Postal & telegram
It is the function of management which consists of monitoring and checking alignment of performance of predetermined standards.
Controlling
Influencing
Organizing
Planning
The disciplinary action for latecoming will be found in the company...
code of conduct
code of ethics
job description
job advertisement
During this stage, strong team cohesion is formed.
Contributor
Forming
Norming
Adjourning
During this stage, members actively work together as a team.
Storming
Performing
Coping
engaged
This is a volatile stage where team members are testing their assertiveness and roles of fellow members.
Problem-solving team
Storming
Norming
Performing
A number of individuals who choose to associate with each other.
Informal team
Problem-solving team
Challenger
Adjourning
In this stage, individual members are combined to form a team with a common goal.
Forming
Norming
Performing
Adjourning
The role of … in a team is able to get the team to focus on the task.
Contributor
Collaborator
Challenger
Communicator
The role of … in a team continually emphasises the overall purpose of the team, while helping the team to establish realistic goals.
Collaborator
Performer
Challenger
Communicator
The Resource investigator falls into the (a) orientated group of role players.
The role of … in a team is not afraid to ask tough questions and to push the team towards making tough decisions.
Collaborator
Contributor
Communicator
Challenger
Individual members of the business who have been identified by management to form a team.
Formal team
Informal team
Management team
Business Environment team
True or false? At the storming stage roles become more flexible and team members take responsibility for their individual and team contributions.
True
False
Select the roles that fall under the "thinkers" group.
The Evaluator
The Plant
The Specialist
The Finisher
True or false? Teamwork is often defined as "1 + 1 = 3".
True
False
