WorksheetsUnderstanding Internal Factors in Organizations
Total questions: 23
Worksheet time: 12mins
What do internal factors in a business refer to?
Things a business can control that impact how it operates
Laws set by the government
Customer preferences
Economic conditions outside the business
Why does a business need adequate funds?
To survive and grow successfully
To reduce competition
To increase taxes
To avoid hiring employees
Which of the following is NOT a reason a business may need finance?
To develop a new product
To upgrade new software
To reduce the number of employees
To buy new machinery and equipment
Which of the following actions would require a business to seek additional finance? (Select the best answer.)
Hiring new staff
Reducing product quality
Ignoring market trends
Decreasing advertising
What does the term "human resources" refer to in a business organisation?
The people who work in a business organisation
The physical assets of a business
The financial resources of a business
The products sold by a business
Which of the following groups are included under human resources in a business?
Only managers
Only employees
Both managers and employees
Only customers
Which of the following is a way managers can influence a business?
By creating policies to motivate employees
By ignoring employee performance
By avoiding decision making
By refusing to set goals
What is the main purpose of conducting appraisals in a business?
To assess staff and ensure they are working effectively
To hire new employees only
To increase the company’s profits directly
To set the company’s budget
How can good decision making by managers benefit a business?
It can increase productivity, profits, and business growth
It can reduce the number of employees
It can eliminate the need for policies
It can decrease employee motivation
Which of the following best describes the role of managers in setting budgets?
Deciding how much money a business can spend within a specific period
Hiring and firing employees
Creating marketing strategies
Designing new products
A manager wants to motivate employees and set realistic goals. Which action should they take?
Create policies
Fire employees
Ignore staff performance
Reduce the budget
Suppose a business is struggling with low productivity. Which managerial action is most likely to help improve this situation?
Making good decisions
Reducing employee salaries
Avoiding staff appraisals
Ignoring budget constraints
A manager is responsible for recruiting new staff and letting others go, What is a better way to word this in a N5 Answer?
Hiring & firing employees
Setting budgets
Conducting appraisals
Creating policies
Which of the following is a way employees can influence a business?
Productivity
Market share
Advertising budget
Office location
What does absenteeism among employees most likely affect in a business?
The number of employees present at work
The color of the office walls
The type of products sold
The company logo
How can employee training influence a business?
By improving employees' skills and knowledge
By increasing the price of products
By changing the company’s name
By reducing the number of customers
Which of the following best describes "industrial action" in the context of employees influencing a business?
Employees taking steps such as strikes or protests
Employees designing new products
Employees attending social events
Employees working overtime
Why is the ability to satisfy customers important for a business?
It helps retain customers and improve business reputation
It increases the number of holidays for employees
It reduces the need for employee training
It changes the business location
If a business wants to improve its employees' ability to perform their job, which of the following should it focus on?
Providing effective training programs
Reducing the number of employees
Changing the company logo
Increasing product prices
How can a business use new technology to benefit itself?
To ensure efficiency and boost its profile
To increase manual paperwork
To avoid customer interaction
To reduce product quality
Why might a business use social media?
To establish a close link to customers and spread the word about its products
To avoid customer feedback
To reduce its online presence
To increase hardware costs
What risk does a business face if it does not upgrade its hardware and software?
Losing customers due to lack of features like contactless payment
Increasing its customer base
Reducing its expenses
Improving its efficiency
A business is considering whether to invest in new video conferencing technology. What strategic benefit could this provide?
It could reduce travel costs and increase efficiency in meetings.
It could increase the need for physical meeting rooms.
It could make meetings longer and less productive.
It could decrease the use of technology in the business.
