Business Management Quiz

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Questions and Answers

What is a potential downside of increasing a product's price?

Increased customer loyalty

Higher quality perception

Greater employee motivation

Lower sales (correct)

Specialisation in a business always leads to improved employee morale.

False

What is the term for when production is divided into different tasks performed by different workers?

Division of labour

The __________ sector is involved in extracting and using the earth's natural resources.

Primary Signup and view all the answers

Match the following sectors of business with their primary focus:

Primary Sector = Extracting raw materials Secondary Sector = Manufacturing goods Tertiary Sector = Providing services Signup and view all the answers

Which of the following is a method to increase a business's added value?

Increasing product quality Signup and view all the answers

Repetitive tasks in a workplace can cause employees to feel more motivated.

False Signup and view all the answers

What occurs if a worker is not present in a specialised production setting?

Disruption of production Signup and view all the answers

Which of the following is NOT considered a motivator for increasing effort?

Supervision style Signup and view all the answers

Abraham Maslow's hierarchy of needs is based on the idea that unsatisfied needs will not motivate individuals.

True Signup and view all the answers

What is one advantage of giving employees increased responsibility for their tasks?

It enhances their sense of ownership and can lead to higher productivity. Signup and view all the answers

Financial rewards can be in the form of cash and __________ rewards to motivate workers.

non-cash Signup and view all the answers

Match the following methods of motivation with their descriptions:

Financial Rewards = Incentives that include cash or benefits Job Enrichment = Increasing variety and responsibility in tasks Advancement = Opportunities for promotions Recognition = Acknowledgment for achievements Signup and view all the answers

Which of the following is a disadvantage of a sole trader?

Unable to sell shares to the public Signup and view all the answers

A franchisor is responsible for training and some administration aspects.

True Signup and view all the answers

Name one advantage a franchisor gains from franchising.

Expansion is faster Signup and view all the answers

The _____ contains the rules for managing the company.

Articles of Association Signup and view all the answers

Match the following concepts related to franchising:

Franchisee = Keeps some profit Franchisor = Receives percentage of sales revenue Training = Provided by franchisor Limited liability = Protects shareholders Signup and view all the answers

What is a disadvantage to the franchisee?

Inability to make local decisions Signup and view all the answers

Sole traders have unlimited liability.

True Signup and view all the answers

What is a key advantage of limited liability for shareholders?

Protection of personal assets Signup and view all the answers

What is the primary disadvantage of delegation for managers?

Managers lose some control over subordinates Signup and view all the answers

A centralised organisation has decision-making power distributed among various levels of management.

False Signup and view all the answers

What does a flat structure in an organisation imply?

A short chain of command with a wider span of control Signup and view all the answers

Delegation is giving a subordinate the authority to perform ______ tasks.

particular Signup and view all the answers

Which of the following is an advantage of having a short chain of command?

Quicker communication and decision-making Signup and view all the answers

Managers are often eager to delegate tasks to subordinates.

False Signup and view all the answers

What psychological need does job enrichment help achieve, according to Maslow's hierarchy?

Esteem needs Signup and view all the answers

Match the following terms with their definitions:

Delegation = Giving authority to subordinates Centralised Organisation = Decision-making power at head office Flat Structure = Short chain of command Job Enrichment = Enhancing job satisfaction Signup and view all the answers

What is a main disadvantage of a highly structured working environment?

Does not take input from others Signup and view all the answers

Trade unions aim to demotivate employees by negotiating with employers.

False Signup and view all the answers

What is the primary role of trade unions?

To protect the interests of employees. Signup and view all the answers

A job description outlines the ______ and duties to be carried out by someone employed to do a specific job.

responsibilities Signup and view all the answers

What is a primary responsibility of a business regarding health and safety?

Comply with health and safety laws Signup and view all the answers

Match the following characteristics with their appropriate descriptions regarding trade unions:

Negotiating with employers = Improve pay and working conditions Resolving conflict = Negotiating solutions for members Providing legal support = Advice on legal matters Offering member services = Including holiday and insurance schemes Signup and view all the answers

Which leadership style involves employee participation in decision-making?

Democratic Leadership Signup and view all the answers

The redundancy process only occurs when an employee's performance is unsatisfactory.

False Signup and view all the answers

What does job analysis identify?

Responsibilities and tasks relating to a job Signup and view all the answers

A leader in a structured environment is likely to encourage creativity among employees.

False Signup and view all the answers

Name one advantage of democratic leadership.

Encourages employee involvement in decision-making. Signup and view all the answers

The external requirement involves filling a vacancy by any suitable applicant __________ the business.

outside Signup and view all the answers

Match the following advantages of redundancy with their corresponding disadvantages:

Increased competitiveness = Higher employee turnover Reduced business costs = Effects on employee morale Finding specialized candidates = Increased costs due to advertising Adding fresh perspectives = Possible loss of experienced staff Signup and view all the answers

What is one advantage of recruiting part-time workers?

Fits with employees' personal circumstances Signup and view all the answers

One disadvantage of external recruitment is that it is typically less costly than internal recruitment.

False Signup and view all the answers

List one potential impact of diversity on a business.

Enhancing creativity or broadening perspectives Signup and view all the answers

Study Notes

CAIE IGCSE Business Studies Summary Notes

This document is a summary of the CAIE IGCSE Business Studies syllabus.
It covers topics related to understanding business activity, business classifications, and business operations.
The document also discusses business growth and size, government support for startups, different business structures (sole traders, partnerships, LTD, PLCs) as well as Joint ventures and franchises.
The document further details the concept of motivation, the role and functions of managers, and effective communication styles.
It also explores the marketing mix (product, price, place, and promotion), and market segmentation as well analyses the production of goods and services, lean production and technology in production.
The document eventually discusses the issues related to external influences, business cycles, and government economic policy
Topics also include finance, income statements, and statements of financial position.

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Description

Test your knowledge on key concepts in business management, including pricing strategies, employee morale, motivation, and production specialization. This quiz will help you understand various sectors of business and the impact of different methods on employee motivation and company performance.

Business Management Quiz

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Questions and Answers

What is a potential downside of increasing a product's price?

Specialisation in a business always leads to improved employee morale.

What is the term for when production is divided into different tasks performed by different workers?

The __________ sector is involved in extracting and using the earth's natural resources.

Match the following sectors of business with their primary focus:

Which of the following is a method to increase a business's added value?

Repetitive tasks in a workplace can cause employees to feel more motivated.

What occurs if a worker is not present in a specialised production setting?

Which of the following is NOT considered a motivator for increasing effort?

Abraham Maslow's hierarchy of needs is based on the idea that unsatisfied needs will not motivate individuals.

What is one advantage of giving employees increased responsibility for their tasks?

Financial rewards can be in the form of cash and __________ rewards to motivate workers.

Match the following methods of motivation with their descriptions:

Which of the following is a disadvantage of a sole trader?

A franchisor is responsible for training and some administration aspects.

Name one advantage a franchisor gains from franchising.

The _____ contains the rules for managing the company.

Match the following concepts related to franchising:

What is a disadvantage to the franchisee?

Sole traders have unlimited liability.

What is a key advantage of limited liability for shareholders?

What is the primary disadvantage of delegation for managers?

A centralised organisation has decision-making power distributed among various levels of management.

What does a flat structure in an organisation imply?

Delegation is giving a subordinate the authority to perform ______ tasks.

Which of the following is an advantage of having a short chain of command?

Managers are often eager to delegate tasks to subordinates.

What psychological need does job enrichment help achieve, according to Maslow's hierarchy?

Match the following terms with their definitions:

What is a main disadvantage of a highly structured working environment?

Trade unions aim to demotivate employees by negotiating with employers.

What is the primary role of trade unions?

A job description outlines the ______ and duties to be carried out by someone employed to do a specific job.

What is a primary responsibility of a business regarding health and safety?

Match the following characteristics with their appropriate descriptions regarding trade unions:

Which leadership style involves employee participation in decision-making?

The redundancy process only occurs when an employee's performance is unsatisfactory.

What does job analysis identify?

A leader in a structured environment is likely to encourage creativity among employees.

Name one advantage of democratic leadership.

The external requirement involves filling a vacancy by any suitable applicant __________ the business.

Match the following advantages of redundancy with their corresponding disadvantages:

What is one advantage of recruiting part-time workers?

One disadvantage of external recruitment is that it is typically less costly than internal recruitment.

List one potential impact of diversity on a business.

Study Notes

CAIE IGCSE Business Studies Summary Notes

Studying That Suits You

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