WorksheetsGrade 10 Term 3 Baseline
Total questions: 27
Worksheet time: 40mins
Which of these examples is a service?
Mr. Farr sells guitars.
Mr. Swenson gives art supplies to consumers.
Coach provides lessons for different sports.
Ms. Miller writes books.
Someone who starts, operates and assumes the risk of a business is known as an...
Investor
Interest person
Entrepreneur
Business inventor
Contracts are invalid when ....
too vague
parties did not intend to contract
parties lack legal capacity
contract is prohibited by legislation
An intoxicated person can enter into a contract.
True
False
Contracts imposes rights and obligations on BOTH parties.
True
False
A contract between two parties for illegal activities is not valid
True
False
A trademark is a recognizable sign, design or expression which distinguished products or services of a particular trade from the similar products or services of other traders
true
false
The following statement is false. Change the underlined word to make the statement true.
1. A fast-food franchise will use a PESTLE analysis when considering challenges from the market environment.
Top level management is responsible for...
the long-term strategic business plan, including the vision, mission, objectives and strategies for the overall business
tactical plans, which involve the acquisition of resources needed by the departments they control
planning work schedules and programs on a daily basis
none of the above
Which one of the following factors is NOT part of the pestle analysis?
Employee motivation
Exchange rates
Labour relations act
Environmental awareness
Vision, mission, value statement, organisational structure, goals and objectives
Strategy
Risk Management
Business operations
flooding and droughts
environmental risks
reputational risks
bad customer reviews on social media
environmental risks
reputational risks
political, economic risks
operational risks
country risks
Does businesses needs finance?
Yes
No
it is the difference between revenue and total costs.
Gross Profit
Profit
Retained Profit
Revenue
What are the Factors of Production?
Land
Labour
Capital
Enterprise
Money
Creative Thinking is likened to?
Operating like a machine.
Thinking outside the box.
Being fresh.
Why is Creative Thinking important?
To generate profit.
To generate new ideas.
Brainstorming is one of the problem solving techniques.
TRUE
FALSE
The ability to come up with new and unique ideas is __________.
elaboration
fluency
originality
flexibility
A target market is a group of _______ that the _______ has decided to aim its marketing efforts and ultimately its merchandise towards.
Companies, Business
Companies, Research
Customer, Business
Business, Customer
Which one of these is the impact of unemployment?
Crime rate increase
All of the above
Decrease in the country's GDP
Political disturbance
Choose the correct answer:
A set of facts and figures arranged in columns and rows
Transparency
Pie chart
Line graph
Table
There are three types of Belbin roles. Which one is wrong?
People oriented
Place orientated
Thought orientated
Action orientated
