Bus in the Real World
A person who starts a business is called:
An entrepreneur
E-commerce specifically using handheld wireless devices is called:
M-commerce
An MNC is a?
Multi-national company
The way people are organised within an organisation is called:
Organisational structure
(6 + 4 x 3 - 3) รท 5
3
An intangible product that can't be touched is called a:
Service
Ensuring your business has sustainable practices throughout its' supply chain, allowing workers to be treated and paid fairly is called what?
Fairtrade
A drawback of globalisation for businesses is:
- More competitors
Human resources deals with which Factor of Production?
Labour
What is a monotreme?
An egg laying mammal: Echidna and platypus
The cost of the next best alternative forgone is called:
Opportunity cost
Which of the following is not a renewable energy source?
- Solar
- Tidal
- Coal
- Wind farms
- Hydro
Coal
SPICED stands for:
Strong Pound Imports Cheap Exports Dear
A structure where each manager is responsible for many employees and employees have lots of freedom is called:
Flat structure
Who is older: Liz Truss or David Beckham?
David Beckham, but only by two months. They are both 47
A company that is traded publicly through shares has which ownership structure?
Public limited
The four phases of the economic cycle are peak, contraction, and???
Trough, expansion
Which law prevents discrimination against employees based on age, race, gender etc?
Equality Act, 2010
The number of employees each manager is reponsible for is called:
Span of control
What do you call the method of communication used during the world wars, which coded messages using a series of dots and dashes?
Morse code
A farmer buying a cafe to sell their goods in is an example of what type of growth?
Vertical integration
In a peak of the economic cycle, unemployment and inflation will be what?
Low, high
An extremely competitive industry would have what number of firms and what type of goods?
Many, homogenous
Provide one disadvantage of a flat organisational structure:
- Too many employees per manager
- Less promotion opportunities
The British Captain Robert Falcon Scott famously lost the race to the South Pole in 1912 to Amundsen, and perished on his return trip. Which animal let him down in this race?