Igcse business studies
Quiz by Blake Scriven | 12-18 Year Lecturer Generation Schools Hermanus
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12 questions
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- Q1What is the definition of a market?Where buyers and sellers come together to exchange goods and servicesWhere businesses are locatedWhere goods and services are producedWhere customers buy goods and services from businesses30s
- Q2What is a public limited company?A business that is owned by a single individualA business organization that has sold shares to the publicA business that is not profitableA business owned by the government30s
- Q3What is a sole trader?A business owned by two or more peopleA business that is not profitableA business owned by the governmentA business owned and operated by a single individual30s
- Q4What is a franchise?A business owned by the governmentA business owned by two or more peopleA business that is not profitableA business owned by an individual that operates under the name of a larger corporate business30s
- Q5What is a market segment?The number of competitors in the marketThe price of goods and services in the marketThe overall market sizeA specific group of customers within a larger market30s
- Q6What is a business plan?A document that outlines a company's employeesA document that outlines a company's expensesA document that outlines a company's revenueA written document that outlines a company's goals and strategies for achieving them30s
- Q7What is the name of the theory that suggests humans have five basic needs that must be met for motivation?Behavioral TheoryEquity TheoryMaslow's Hierarchy of NeedsGoal-Setting Theory30s
- Q8What is a common mistake managers make when trying to motivate workers?Treating all workers the sameProviding too many bonusesOffering too many opportunities for growthGiving too much recognition30s
- Q9What is the definition of job enrichment?Providing recognitionGiving a bonusIncreasing the depth and breadth of responsibilitiesOffering a promotion30s
- Q10What is the definition of job enlargement?Offering a promotionGiving a bonusIncreasing the number of tasks an employee is responsible forProviding recognition30s
- Q11What is the most effective way to motivate workers?Strict rules and consequencesBonusesPeer pressureIt depends on the individual30s
- Q12Which of the following is NOT a common motivator for workers?RecognitionOpportunities for growthBonusesMicromanagement30s