Font size
WorksheetsTheme 1 - 1.5 End of topic recap
Total questions: 20
Worksheet time: 11mins
Which of the following best describes the term stakeholder? An individual or organisation that:
Owns part of a business
Provides a business with materials
Is affected by, or has an interest in, the activities of a business
Provides finance for a business
Which of the following describes one way employees could have an impact on business activity?
By demanding a longer payment period for supplies
By negotiating better working conditions
By no longer purchasing the goods or services of a business
By increasing the amount of tax payable on profits
A local business wants to expand its factory to increase production capacity. Which of the following stakeholders has the authority to grant the required planning permission?
Pressure group
Shareholders
Local community
Local government
A business plans to cut jobs to reduce costs. Conflict is likely to occur between which two of the following stakeholder groups regarding this decision?
Owners and employees
Suppliers and customers
Owners and customers
Employees and local community
A private limited company decides to donate 5% of its profits to an organisation that provides a youth club facility to young people. This decision is most likely to directly affect which two of the following stakeholder groups?
Select two answers:
Employees
Suppliers
Customers
The local community
Shareholders
When information is shared electronically between computers it is best known as:
E-commerce
E-tailer
M-commerce
Digital communication
A zoo uses Twitter to announce the birth of a baby elephant. Which of the following describes this method of digital communication?
Video conferencing
Social media
Text
Which of the following best describes the purpose of eBay?
To provide a social networking service
To provide an internet based photo sharing service
To sell products, often second hand, to other people electronically
To develop business contacts
In addition to its fixed premises, a designer clothes shop has launched a website in an attempt to:
Increase costs
Decrease costs
Increase sales
Decrease sales
Which two of the following are examples of electronic payment systems?
Select two answers:
eBay
PayPal
Contactless debit cards
Which of following best describes the term interest rate?
The price of one currency against another
The cost of borrowing money or reward for saving money
The value of goods and services bought by consumers
The reward for borrowing money or cost of saving money
Which of the following businesses is most likely to experience a rise in demand as consumer income falls?
Travel agent selling specialist holidays
A producer of high quality chocolate
A department store selling discounted goods
A specialist bakery selling luxury products
Which of the following is true of a UK importer of goods from Italy, if the value of the pound becomes weaker against the euro?
Sales increase and profit increases
Sales decrease and profit increases
Sales increase and profit decreases
Sales decrease and profit decreases
If the government increases the rate of corporation tax, companies are likely to:
Pay more tax and invest more into the business
Pay more tax and invest less into the business
Pay less tax and invest more into the business
Pay less tax and invest less into the business
Which two of the following are potential advantages to a business which sells luxury products of high levels of employment?
Select two answers:
Business costs increase as wages and salaries rise
Increase in sales levels
Fewer potential employees will be available
Consumer incomes will increase
Staff turnover will increase
Which of the following areas of law prevents businesses from treating customers unfairly?
Employment law
Health and Safety law
National Minimum Wage
Consumer law
Which of the following statements relates to consumer law?
Businesses are required to provide and maintain safety equipment
Goods sold must be free from defects and be safe to use
Businesses must provide employees with any necessary safety training
The employer & employee have a duty to maintain a safe workplace
Which of the following is covered under consumer law?
Employee rights
Product quality
Employee pay levels
Safety in the workplace
Businesses can treat consumers fairly by selling products that are:
Of satisfactory quality
Not fit for purpose
Unsafe
Not as described
A business fails to pay the national minimum wage to its employees. Which two of the following statements are true in relation to the business’s actions?
Select two answers:
Employers may be publically named and shamed
Employers will be paid any money owed to them by employees
Employees may be sued
Employees will be told to pay outstanding amounts to employers
Employers may be prosecuted
