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WorksheetsGrade 10 Business Studies end of term exam prep
Total questions: 20
Worksheet time: 18mins
Business Activity is best described as....
process of producing goods & services to satisfy consumer demand
the potential of something that could have been purchased
When demand is more than the resources available
Farming and mining are examples of what sector?
primary
Secondary
Tertiary
A hairdressers is an example of what sector?
primary
Secondary
Tertiary
What do we call resources being extracted in the primary sector, being made into a product in the secondary sector and sold to the end customer in the tertiary sector?
Factors of production
Chain of production
Production Line
Opportunity cost
A mixed economy is best described as....
A wide variety of goods and services available.
Only private sector businesses owning and controlling resources.
Only public sector businesses owning and controlling resources.
Both private and public sector businesses owning and controlling resources.
Which method is NOT a good measure of business size?
Profit
Value of Output
Market Share
Outlets
Which types of ownership have unlimited liability?
Incorporated
Unincorporated
Which of the following is NOT a risk of having an unmotivated workforce?
Higher Turnover
Increased Absenteeism
Higher industrial Action
Increased Productivity
Organize these methods of motivation into financial and non financial.
Wages
Salary
Commission
Bonus
Performance related pay
Teamwork
Training
Job Enrichment
Job Enlargement
Promotion
Profit Sharing
Fringe Benefits
Which of the following are possible reasons a business may NOT want to grow?
Growth is expensive
Competition
Small Market
Owners Choice
All of the answers
Which of the following ARE examples of how governments support businesses? (Select 3)
Grants
Selling Shares
Tax Relief
Raising Taxes
Training Schemes
What does this describe? "Focusing an individual or group on one particular skill or process that they are suited to or for which they possess the correct skills."
Specialisation
Division of Labour
Factors of Production
Who designed this theory of motivation?
Taylor
Herzberg
Maslow
Which theorist said 'Workers are lazy and only motivated by money"?
Taylor
Herzberg
Maslow
Mr Steve has a booming SLIME business. He is selling more than he can make. He asks Mr Alex to work for him and says for every unit of slime you can make I will pay you $50. What type of payment is this?
Wage
Salary
Piece Rate System
Performance related pay
Any person or group who has a potential interest in or is affected by a business is called a....
Shareholder
Owner
Stakeholder
Employee
Local Community
Organize these options into the right categories
Makes all decisions
takes input from employees in decision making
employees free to make decisions
Leader should be more skilled than workers
Skilled employees
skilled employees that benefit from working by themselves.
Good when decisions need to be made quickly
Decisions can be slow
Workers may not motivate themselves.
Workers may be demotivated if not listened to.
Good in creative situations that need brainstorming
Who is this?
Levi
23 Savage
Faker
Flappy bird had over 50 million downloads, at its peak generated $50,000 dollars per day. But what country did it originate from?
Taiwan
South Korea
Vietnam
Hong Kong
Japan
Draw a SHARK riding a SKATEBOARD
