A
Multiple Choice
A ... is a good or service essential for living.
A. want
B. need
C. specialisation
D. business
B. need
Multiple Choice
Luna started a new business. For the material and bought-in costs of a rice bowl was Rp 15,000. Luna sold it with price of Rp 20,000.
The added value was ....
A. Rp 4,000
B. Rp 5,000
C. Rp 25,000
D. Rp 35,000
B. Rp 5,000
Multiple Choice
The example of tertiary sector is ....
A. fishing
B. forestry
C. construction
D. insurance
D. insurance
Multiple Choice
Example of public sector is ....
A. KAI
B. Unilever
C. BCA
D. Indofood
A. KAI
Multiple Choice
This is a benefit of being an entrepreneur.
A. risk
B. capital needed
C. lack of business experience
D. independence
D. independence
Multiple Choice
This is a part of business plan which explain how the business intends to satisfy customer needs and gain brand loyalty.
A. Description of business
B. The market
C. Financial information
D. Business strategy
D. Business strategy
Multiple Choice
This is a good thing from a sole trader, compared with partnership.
A. responsibilities shared
B. owner in complete control
C. more ideas
D. partners can specialise
B. owner in complete control
Multiple Choice
Limitation of public limitation companies is ....
A. legal formalities
B. can sell shares to public
C. limited liability
D. continuity
A. legal formalities
Multiple Choice
This stakeholder has objectives that job gives satisfaction and provides motivation.
A. customer
B. government
C. worker
D. bank
C. worker
Multiple Choice
Business objective of a public sector business is ....
A. service
B. survival
C. increase shareholders return
D. increase market share
A. service
Short answer
This internal stakeholder is also the employees of the business and control the work of other workers. They take the important decisions. If they make poor decisions, the business could fail.
Managers
If the total value of sales in a market is $25 million in one year and Dzaki Company sold $5 million, then Dzaki Company's market share is .... %.
20
A ... is a business based upon the use of the brand names, promotional logos and trading methods of an existing successful business.
franchise
Short answer
They are the owners of a limited company. They buy shares which represent part-ownership of a company.
Shareholders
Short answer
This is when one business merges with or takes over another one in the same industry but at a different stage of production.
Vertical integration
Short answer
The other name of takeover is ....
acquisition
Short answer
A ... economy has both a private sector and a public (state) sector.
mixed
Short answer
This occurs when there is a decline in the importance of the secondary, manufacturing sector of industry in a country.
De-industrialisation
Short answer
It is when the production process is split up into different tasks and each worker performs one of these tasks. It is a form of specialisation.
Division of labour
Short answer
This is the lack of sufficient products to fulfil the total wants of the population.
Scarcity
Mention 4 factors of production.
1. Land
2. Labour
3. Capital
4. Enterprise
Select all examples of secondary sector.
1. transport
2. banking
3. farming
4. computer assembly
5. bread baking
6. aircraft manufacturing
4, 5 and 6
Mention 2 from 4 ways to measure the business size.
2 from these:
1. number of people employed
2. value of output
3. value of sales
4. value of capital employed
Two of these have limited liability.
1. Sole trader
2. Partnerships
3. Private limited company
4. Public limited company
1. Sole trader
2. Partnerships
Kania Company has market share 10%. The total value of sales in a market is $10 million. So, Kania Company sold her products $... million.
1