Year 12 Term 1 Review Quiz

Year 12 Term 1 - Review Quiz
International AS Level business
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BusinessSecondary Education

This lesson contains 60 slides, with interactive quizzes and text slides.

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Year 12 Term 1 - Review Quiz
International AS Level business

Slide 1 - Slide

Which of the following is NOT a type of stakeholder?
A
Suppliers
B
Employees
C
Customers
D
Competitors

Slide 2 - Quiz

What is a feature of the quaternary sector?
A
Retail and hospitality services
B
Physical extraction of resources
C
Focus on intellectual services
D
Direct manufacturing of goods

Slide 3 - Quiz

Which sector is known for its high level of customer service?
A
Quaternary sector
B
Quinary sector
C
Tertiary sector
D
Primary sector

Slide 4 - Quiz

What is a disadvantage of the secondary sector?
A
Flexibility in production
B
Low dependency on machinery
C
Direct interaction with customers
D
Reliance on capital-intensive production processes

Slide 5 - Quiz

Which of the following is a feature of the tertiary sector?
A
Focus on agriculture
B
Limited customer interaction
C
Services dominate economic activity
D
Manufacturing goods

Slide 6 - Quiz

What is a key benefit of global expansion for businesses?
A
Reduced transportation costs
B
Increased competition
C
Limited product differentiation
D
Access to new markets and customers

Slide 7 - Quiz

What is a disadvantage of franchise expansion for businesses?
A
Reduced financial risk
B
Increased brand awareness
C
Access to experienced managers
D
Loss of control over franchisees

Slide 8 - Quiz

What is the definition of conglomerate integration in business?
A
When a company expands within the same industry
B
When a company merges with unrelated businesses
C
When a company forms strategic alliances
D
When a company acquires its suppliers

Slide 9 - Quiz

Which type of business integration involves combining with a supplier or distributor?
A
Lateral integration
B
Conglomerate expansion
C
Conglomerate integration
D
Vertical integration

Slide 10 - Quiz

What is the main advantage of horizontal integration in business expansion?
A
Increased market power
B
Limited product range
C
Decreased competition
D
Reduced economies of scale

Slide 11 - Quiz

What is the relationship between Maslow's hierarchy and employee motivation?
A
Lower needs are irrelevant for motivation
B
Meeting only physiological needs is enough
C
Employees are always self-motivated
D
Higher needs must be met for motivation

Slide 12 - Quiz

Which HR practice is related to Maslow's 'Self-actualization' level?
A
Offering basic salary only
B
Imposing strict work schedules
C
Restricting training and development
D
Providing opportunities for personal growth

Slide 13 - Quiz

How can Maslow's hierarchy of needs be applied in HR practices?
A
By understanding employees' basic needs
B
By ignoring employees' needs
C
By focusing only on higher-level needs
D
By applying needs of customers

Slide 14 - Quiz

How can stakeholders influence a business?
A
By recruiting employees
B
By providing financial support
C
By setting sales targets
D
By affecting decision-making and business operations

Slide 15 - Quiz

How can government policies influence businesses?
A
Through market research
B
Through product development
C
Through taxation, regulations, and incentives
D
Through advertising campaigns

Slide 16 - Quiz

What is the main focus of Taylor's scientific management?
A
Efficiency and productivity
B
Work-life balance
C
Employee satisfaction
D
Team collaboration

Slide 17 - Quiz

What is one advantage of Taylor's scientific management?
A
Increased efficiency
B
Enhanced creativity
C
Employee empowerment
D
Higher job satisfaction

Slide 18 - Quiz

What is a potential disadvantage of scientific management?
A
Improved communication
B
Enhanced employee morale
C
Increased teamwork
D
Potential for employee dissatisfaction

Slide 19 - Quiz

What does the term 'motivation theories' refer to?
A
Strategies for conflict resolution
B
Concepts explaining why people behave in a certain way
C
Methods of time management
D
Techniques for stress reduction

Slide 20 - Quiz

According to Vroom, what impacts an individual's motivation?
A
Planning, Organizing, Controlling
B
Competition, Cooperation, Rewards
C
Teamwork, Leadership, Communication
D
Expectancy, Instrumentality, and Valence

Slide 21 - Quiz

What does the expectancy theory suggest about effort and performance?
A
Effort leads to outcomes, and outcomes lead to performance
B
Performance leads to effort, and outcomes lead to performance
C
Effort leads to performance, and performance leads to outcomes
D
Outcomes lead to effort, and effort leads to performance

Slide 22 - Quiz

What is the main advantage of a sole trader business?
A
Tax advantages
B
Full control over decision-making and profits
C
Limited liability
D
Access to additional capital

Slide 23 - Quiz

What is a disadvantage of a partnership business?
A
Unlimited liability for debts and losses
B
Less financial risk
C
Shared responsibility and workload
D
Tax benefits

Slide 24 - Quiz

How can businesses address stakeholder conflict?
A
Ignoring the concerns of stakeholders.
B
Limiting transparency in business operations.
C
Engaging in open communication and negotiation.
D
Imposing decisions without consultation.

Slide 25 - Quiz

What can be the consequence of unresolved stakeholder conflict?
A
Decreased employee morale and productivity.
B
Expansion of market reach.
C
Enhanced supplier relationships.
D
Increased customer satisfaction.

Slide 26 - Quiz

Identify an example of stakeholder conflict in business.
A
Customer loyalty programs.
B
Labor strikes due to wage disputes.
C
Celebration of employee achievements.
D
Joint ventures between companies.

Slide 27 - Quiz

What is the definition of stakeholder conflict?
A
Agreement between all parties involved.
B
Lack of interest from stakeholders.
C
Unrelated interactions among stakeholders.
D
Disagreement between different parties with vested interests.

Slide 28 - Quiz

Which ownership type offers limited liability to its owners?
A
Public limited company
B
Private limited company
C
Sole trader
D
Partnership

Slide 29 - Quiz

What is a disadvantage of a public limited company?
A
Flexibility in decision-making
B
Complex legal and regulatory requirements
C
Limited liability
D
Easy access to capital

Slide 30 - Quiz

What is an advantage of a franchise business?
A
Full control over the business
B
Access to an established brand and business model
C
Limited market potential
D
High start-up costs

Slide 31 - Quiz

What are the characteristics of the public sector?
A
Private ownership, non-profit motive
B
Private ownership, profit motive
C
Government ownership, profit motive
D
Government ownership, non-profit motive

Slide 32 - Quiz

What is a feature of the private sector?
A
Government ownership
B
Non-profit motive
C
Regulated by the government
D
Driven by profit motive

Slide 33 - Quiz

Which sector is characterized by government ownership and provision of public services?
A
Non-profit sector
B
Public sector
C
Private sector
D
Informal sector

Slide 34 - Quiz

What is a distinguishing feature of the private sector?
A
Competitive market orientation
B
Government intervention
C
Non-profit orientation
D
Monopolistic market orientation

Slide 35 - Quiz

What type of sector is driven by the pursuit of social or environmental objectives?
A
Non-profit sector
B
Informal sector
C
Public sector
D
Private sector

Slide 36 - Quiz

What is the impact of Intrapreneurship on organizations?
A
Decreased employee satisfaction
B
Higher operational costs
C
Reduced customer loyalty
D
Increased innovation and adaptability

Slide 37 - Quiz

How does Intrapreneurship differ from traditional entrepreneurship?
A
Operates within the confines of an established organization
B
Involves collaborating with external entrepreneurs
C
Focuses on government-led entrepreneurial initiatives
D
Fosters a culture of independent business ownership

Slide 38 - Quiz

What is the definition of vertical integration in business?
A
When a company expands into different markets.
B
When a company forms strategic alliances with suppliers.
C
When a company merges with a competitor.
D
When a company controls multiple stages of production.

Slide 39 - Quiz

What does backward integration involve in business?
A
When a company forms joint ventures with competitors.
B
When a company acquires its suppliers.
C
When a company expands into new geographic markets.
D
When a company diversifies its operations.

Slide 40 - Quiz

Which of the following is an example of vertical integration?
A
A technology company expanding into new markets.
B
A retail chain merging with a competitor.
C
A car manufacturer acquiring a tire production plant.
D
A pharmaceutical company forming alliances with research firms.

Slide 41 - Quiz

When different companies combine to form a single entity, it is an example of what type of integration?
A
Backward integration.
B
Vertical integration.
C
Corporate integration.
D
Lateral integration.

Slide 42 - Quiz

What do SMART objectives aim to be?
A
Simple, Vague, Ambiguous, Random, Temporary
B
Specific, Memorable, Aspirational, Realistic, Timely
C
Specific, Measurable, Achievable, Relevant, Time-bound
D
Sensible, Meaningful, Attainable, Reasonable, Timely

Slide 43 - Quiz

Which of the following is an example of a SMART objective?
A
Increase sales by 10% within the next quarter
B
Improve customer satisfaction
C
Expand marketing efforts
D
Train employees on new software

Slide 44 - Quiz

What does the 'A' in SMART objectives stand for?
A
Ambitious
B
Achievable
C
Aspirational
D
Attainable

Slide 45 - Quiz

Why are SMART objectives important for businesses?
A
They provide a clear framework for setting and achieving goals
B
They hinder organizational flexibility
C
They limit creativity
D
They are only suitable for large corporations

Slide 46 - Quiz

What is the definition of workforce planning?
A
Process of analyzing and forecasting an organization's future workforce needs.
B
Hiring employees without any planning.
C
Training employees for current job roles.
D
Conducting performance appraisals for the workforce.

Slide 47 - Quiz

Which of the following is a key element of workforce planning?
A
Focusing only on current workforce capabilities.
B
Ignoring technological advancements in the industry.
C
Identifying skills and competencies needed for future roles.
D
Hiring employees based on immediate vacancies.

Slide 48 - Quiz

Why is workforce planning important for businesses?
A
It reduces the need for employee training programs.
B
It helps in anticipating and responding to future staffing needs.
C
It ensures immediate fulfillment of staffing requirements.
D
It eliminates the need for performance evaluations.

Slide 49 - Quiz

What does workforce planning aim to achieve?
A
Maximizing individual employee productivity.
B
Aligning workforce capabilities with organizational goals.
C
Minimizing employee turnover rate.
D
Maintaining a static workforce composition.

Slide 50 - Quiz

What is the definition of dismissal in a business context?
A
Termination of an employee's contract for various reasons.
B
Providing additional training to an employee.
C
Promoting an employee to a higher role.
D
Hiring a new employee for a vacant position.

Slide 51 - Quiz

How can a business identify redundancy in the workforce?
A
When an employee is promoted to a managerial position.
B
When a new department is established in the company.
C
When a job role is no longer required within the organization.
D
When an employee receives a performance bonus.

Slide 52 - Quiz

What is an example of voluntary redundancy in a business?
A
An employee being offered a new role within the organization.
B
An employee being terminated for misconduct.
C
An employee choosing to leave the company with a financial package.
D
An employee receiving a pay raise for exceptional performance.

Slide 53 - Quiz

What action can a business take to mitigate the impact of redundancy on employees?
A
Offering retraining or support for finding alternative employment.
B
Implementing stricter disciplinary measures.
C
Reducing employee benefits and incentives.
D
Increasing working hours for remaining employees.

Slide 54 - Quiz

What is the main objective of profit maximization?
A
To minimize costs to increase revenue.
B
To maintain a sustainable business model.
C
To maximize the financial gains of the business.
D
To prioritize social and environmental concerns.

Slide 55 - Quiz

How does profit satisficing differ from profit maximization?
A
Profit satisficing focuses on reducing operational expenses.
B
Profit satisficing disregards financial performance.
C
Profit satisficing aims to achieve a satisfactory level of profit.
D
Profit satisficing aims to maximize financial gains.

Slide 56 - Quiz

What does Corporate Social Responsibility (CSR) involve?
A
CSR involves neglecting the impact on the community.
B
CSR involves the ethical and responsible business practices.
C
CSR involves purely profit-driven decision making.
D
CSR involves prioritizing shareholder wealth above all.

Slide 57 - Quiz

How do businesses identify their objectives?
A
By assessing internal and external factors affecting the business.
B
By following the objectives of competitors.
C
By solely focusing on financial targets.
D
By randomly choosing goals without evaluation.

Slide 58 - Quiz

Define the concept of business objectives.
A
Business objectives are constantly shifting targets.
B
Business objectives are irrelevant to business success.
C
Business objectives are specific, measurable, achievable, relevant, and time-bound goals.
D
Business objectives are general, non-measurable aspirations.

Slide 59 - Quiz

Thank you!

Slide 60 - Slide