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WorksheetsBusiness Fundamentals: 10 Business Ultimate Revision
Total questions: 29
Worksheet time: 49mins
Which of the following ISN'T a type of organisation structure?
Functional
Divisional
International
Simple
Which of the following ISN'T a type of partnership?
General Partnership
Limited Partnership
Incorporated Limited Partnership
Trust Partnership
Which business structure has trustees?
(a)
Which of the following factors make up the operating external environment?
Customers
Competitors
Stakeholders
Suppliers
Political
Environmental
Social
Technological
Legal
Environmental
Employees
Organisational Culture
Organisational Structure
Owners / management
Advertising
Industry data
Competition
Employees
What are the 5 stages of the Business Life Cycle?
Peak
Contraction
Boom
Recession
Seed
Startup
Maturity
Renewal
Decline
Seed
Growth
Maturity
Decline
Renewal
Seed
Start-up
Growth
Maturity
Post-maturity
What do SWOT tables help business professionals to achieve?
Assess the strengths and weaknesses of a business
An accurate and relevant snapshot of the business environment
Review business performance
Look for threats in the environment, and plan strategically
What is the Business Life Cycle?
List the factors of production.
List three types of business structures.
Which of the following is a suitable strategy for a company in the maturity stage of the business life cycle?
Prototype development for an initial product
Sourcing funds through crowdfunding and/or investments
Maintaining market share
Evaluating exit strategies
What does HR stand for?
(a)
Which of the following factors make up the internal external environment?
Customers
Competitors
Stakeholders
Suppliers
Political
Environmental
Social
Technological
Legal
Environmental
Employees
Organisational Culture
Organisational Structure
Owners / management
Advertising
Industry data
Competition
Employees
What are the main industries in Australia?
How do they support our economy?
What does SWOT stand for?
(a)
Give an example of a weakness example for a SWOT table.
Factors of the operating external environment belong in which quadrants of the SWOT table?
(a)
Which business structure has only one person running the business?
Trust
Sole trader
Private Company
Public Company
What does PESTLE (macro environment) stand for?
What is the importance of the macro environment analysis (PESTLE)?
Which of the following is an accurate definition for fixed costs for a business?
Costs that change with the volume of production or output of business
For example labour costs, raw materials
Costs that do not change, even if the volume or output of business changes.
For example rent, insurance, phone bill
What is marketing from a business function perspective?
Identify a challenge that is associated with the start-up phase of the Business Life Cycle.
True or false: the culture of a business is influenced by the management and employees that work there
True
False
List the 4x business functions.
Think piece:
How can the private sector achieve social good.
1. Define the private sector
2. Link it to social good
3. Give me an example
How many sectors are there?
1
2
3
4
Which quadrant would the following analysis point belong to?
Explain your reasoning.
"All Things Butter" is currently run by 2 friends. One is described as a perfectionist and stubborn. This could lead to issues in ideas, values, and direction for the business down the road.
Which of the following definitions aligns with a support culture:
Responsibility and decision-making is allocated to a charismatic leader
Roles are clearly defined, and the company has a focus on rules and responsibilities
Motivated employees work independently to benefit the whole team
community feel, support is offered to employees at each step of their work
Explain the importance of a role culture in a business.
1. Define a role culture
2. Tell me why it is important
3. Give an example
