WorksheetsKnowledge Quiz #1
Total questions: 68
Worksheet time: 49mins
When will a company recruit?
When a competitor closes down
When it is growing
When it has a lot of money
When sales are high
What is recruitment?
Process of growth
When you are developing staff to be better at their job
Receiving job applications
Process of hiring employees for a business
What is a benefit of external recruitment?
No training is needed for the new employees
It is a much shorter process than internal
It is cheap
The company will get new people with new skills
Should include: title of the position, department, management level, general tasks and requirements, key areas of responsibility, assigned team members and work groups, terms of employment, qualifications
Job Description
Needs Assessment
Person Spec
Recruitment Policy
A faster way of posting jobs; able to be viewed 24 hours a day; mainly used by companies which have a website; offers unlimited space for advertisements
Newspaper Advertising
Internet Advertising
Radio and Television Advertising
Networking
What is external recruitment?
Recruiting from outside the company
Recruiting people who are experienced
Recruiting from current employees
Recruiting from university
What is the first stage of the recruitment process?
The business creates a job description and person specification
The business identifies a human resource need
The business advertises a position
The business shortlists the candidates
Once a human resource need has been identified what is the next stage of the of the recruitment process?
The business creates a job description and person specification
The business identifies a human resource need
The business advertises a position
The business shortlists the candidates
Once a job description and person specification has been written, what is the next stage of the of the recruitment process?
The business creates a job description and person specification
The business identifies a human resource need
The business advertises a position
The business shortlists the candidates
Why would an established firm need to recruit more workers?
To carry out the functions of the business.
To replace staff who are on long term sick or maternity
When their current workforce are not motivated
When their profits are high
Businesses who have a ______ _______ would need to recruit workers into their workforce.
Skills gap
Skills requirement
Skills need
Skills shortage
A growing business which needed to produce more products would need what type of staff as a priority?
Sales staff
Cleaners
Finance officers
Production workers
What is included in a job description?
Tasks and responsibilities the worker must perform.
Qualifications, experience, personal qualities and skills the worker needs to do the job.
What is included in a person specification?
Tasks and responsibilities the worker must perform.
Qualifications, experience, personal qualities and skills the worker needs to do the job.
Someone who has a lower position and less authority than someone else in an organization.
subordinate
decentralized
handoffs
Select all the advantages of a flat organisational structure. (There are three correct answers)
Decisions can be made more quickly.
Suited to long-term growth and expansion.
Improves speed of communication between employees.
Improves coordination between employees.
Employees tend to become specialized.
Select all the advantages of a tall organisational structure. (There are three answers.)
It is clear who is responsible for which tasks.
Promotion opportunities are available for employees.
Employees tend to become specialized.
Reduced bureaucracy, making the organisation more adaptable to changes.
Increased cooperation and communication between departments.
Select the correct key term for the following definition:
The route by which instructions and communications flow from the top to the bottom of a business, explaining who is answerable to whom.
Span of control
Delayering
Chain of command
Delegation
Subordinates
In a centralised structure, business decisions are made by senior managers, or in a head office, and distributed down the chain of command. They are often used in retail chains.
True
False
In a decentralised structure, business decisions are made by managers and subordinates further down the chain of command. They are often used by fast-food franchises, where each restaurant or take away outlet is responsible for managing its own operations.
True
False
A Permanent Contract is
An agreement over one job usually over a couple of months between a company and self-employed worker.
A contract between a company and an employee that doesn’t specify how many hours of work will be provided
An agreement between a company and an employee that work and income will be provided constantly into the long-term future
Flexible hours means...(often referred to as 0 hours or the gig economy)
An agreement over one job usually over a couple of months between a company and self-employed worker.
A contract between a company and an employee that doesn’t specify how many hours of work will be provided
An agreement between a company and an employee that work and income will be provided constantly into the long-term future
An advantage to a business of using flexible contracts is...
They only have to pay their employees when they are called to work.
They will always have someone available to work.
The businesses costs will increase.
A disadvantage to a business of using flexible contracts is...
They only have to pay their employees when they are called to work.
There may not be anyone available to do that particular job.
The businesses running costs are lower.
Working while mobile is...
Using the remote control for the television to complete your work.
Working away from the central office.
Working at the central office.
One advantage to a business of enabling employees to work whilst mobile is ...
the businesses costs over time will increase.
the businesses profit will increase.
there is no need for large offices because employees are working from home.
One disadvantage to a business of allowing employees to work whilst mobile is.....
employees may get distracted at home and not complete their work to a high standard.
the businesses profit will increase.
there is no need for large offices because employees are working from home.
One advantage for an employee of a permanent contract is...
They will have to get to work everyday which means they will have to pay out for transport.
They have to work a lot harder for less money, meaning they would be unhappy.
They have a stable sustained job therefore they will have a stable income which means they will be able to sustain their lifestyle.
One disadvantage for an employee of a permanent contract is...
They are locked in to the contract and would usually need to give notice of leaving (usually 3 months)
They have to work a lot harder for less money, meaning they would be unhappy.
They have a stable sustained job therefore they will have a stable income which means they will be able to sustain their lifestyle.
Which of these answers uses context.
Deliveroo uses flexible 0 hours contracts when employing it's deliverers, this means that Deliveroo's employees need to be available for delivering more frequently if they are to make more money.
The business uses flexible 0 hours contracts when employing it's staff, this means that their employees need to be available for work more frequently.
Which a benefit to the business of using flexible hour contracts?
The business can reduce wage costs as staff are only paid when they are needed
Employees will have increased freedom over their working hours
Recruitment and selection costs will be reduced
Employee motivation will always be increased
An employee works 35-40 hours each week. This type of contract is known as a:
Part-time contract
Full-time contract
Permanent contract
Temporary contract
Which of the following is a benefit to a business of issuing employees with full-time permanent contracts of employment?
Increased job security leads to more motivated employees
Employee has stable earnings
The employee is more likely to be accepted for bank loan applications
The employee is more likely to be accepted for bank loan applications
Which describes a contact of employment whereby an employee is not guaranteed a set number of hours to work each week?
Temporary
Flexible hours
Part-time
Full-time
Which describes a way of working whereby an employee works a proportion of a full-time working week?
Temporary
Permanent
Full-time
Part-time
Which is a benefit to a business of issuing part-time contracts to new members of staff?
Communication amongst all staff will always be efficient
Increased flexibility to meet customer demand more effectively
Induction training costs will be lower
Reduced employee loyalty to the business
Which describes the way of working whereby an employee can work from home, away from the office?
Freelance
Part-time
Working whilst mobile
Full-time
Which describes a contract of employment whereby a person is contracted by a business to complete a single task?
Full-time
Temporary
Part-time
Freelance
Which two of the following are benefits to a business of using flexible contracts? (There are two answers.)
Communication within the business may be improved as the
employee is available on a permanent basis
They provide the business with access to specialist skills without having to employ someone permanently
The person does not have to be guaranteed work after the job for which they were hired ends
Motivation levels will be higher compared to those employed on a permanent contract
Recruitment and selection costs will always be lower
Which two of the following are true in relation to temporary contracts? (There are two answers.)
Temporary contracts are only issued on a part-time basis
An employee is always guaranteed work into the long term future
Temporary contracts reduce business flexibility
An employee is only guaranteed work for a set period of time
Temporary contracts can be issued on a full or part-time basis
A sole proprietor has to share the profits made by the business. True or False?
True
False
Select TWO true statements that relate to a sole trader. (Select two answers)
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
Why may an entrepreneur prefer to set up a business as a partnership?
The entrepreneur would get to make all the decisions
They entrepreneur would get to keep all the profit
The business would benefit from a greater range of skills and knowledge
The business would make more money quicker
Partnerships are set up by....
One person
Two or more people
Ten or more people
Twenty or more people
Which of the following are types of limited company? (Select 2 answers)
Personal
Private
Public
Premier
A limited company is owned by
Shareholders
Stakeholders
Directors
Employees
Disadvantage of a Sole trader:
Expensive to create
Hard to employ people
Doesn't generate much profit
Unlimited liability
An advantage of operating as a sole trader...
Owner receives all profit
No need to pay tax
Investment from shareholders
Cheaper advertising
A company with limited liability
Sole Trader
Partnership
Public limited company
Private limited company
True or false: If a business has unlimited liability, the owners personal possessions are at risk if the business falls into debt.
True
False
Which of the following best describes the term limited liability? If the business fails:
Personal possessions of the owner can be taken to pay any debts
The owner is personally liable for all the debts of the business
There is no limit on the amount the owner has to pay to settle debts
The owner only loses the amount invested in the business
Which type of legal structure is used when two or more people join together to start a business and have unlimited liability?
Sole trader
Partnership
LTD
PLC
Which of the following is an advantage of operating a large established business as a public limited company?
Shares can be sold to the public to raise additional finance
Financial accounts are published
Shares can only be sold to invited investors to raise finance
Owners have unlimited liability
Which of the following is a disadvantage of being a public limited company?
The business is at risk of takeover
Large sums of money can be raised
Unlimited liability
Limited liability
Which of the following is a disadvantage of setting up a business as a partnership?
Shared losses
Shared workload
Shared profit
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