
Higher Business Management Exam Revision 2022

Flashcard
•
Business
•
11th - 12th Grade
•
Hard
Wayground Content
FREE Resource
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54 questions
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1.
FLASHCARD QUESTION
Front
The Sectors of Industry are...
Back
Primary, Secondary, Tertiary, Quaternary
2.
FLASHCARD QUESTION
Front
This sector of industry provides educational services for example a lawyer.
Back
Quaternary
3.
FLASHCARD QUESTION
Front
This Sector of Economy is owned by the Government, controlled by elected officials and financed through Tax.
Back
Public Sector
4.
FLASHCARD QUESTION
Front
The features of a PLC are: Ownership: Shareholders Control: Board of Directors Financed: Shares
Back
Ownership: Shareholders Control: Board of Directors Financed: Shares
5.
FLASHCARD QUESTION
Front
This happens when businesses aim to make just enough sales and profits to keep shareholders happy, rather than putting all their effort into maximising profit.
Back
Satisficing
6.
FLASHCARD QUESTION
Front
This happens when managers in larger private sector companies and public sector org pursue their own objectives which will bring them more status.
Back
Managerial Objectives
7.
FLASHCARD QUESTION
Front
This method of growth is when 2 businesses at the same state in the production process making similar products join together. E.g. one bank taking over another.
Back
Horizontal Integration
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