This is when a business produces an increased range of unrelated goods and services.
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University
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Lois Slater
Used 2+ times
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22 questions
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1.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
Debt factoring
Diversification
Profit maximisation
Cash flow
2.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
No distinction between the owner and the business. Often small businesses. Unlimited Liability
Corporated
Unincorporated
3.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
Which one of these is a benefit of an LTD?
One person owns and makes all the decisions
Shares can be sold publicly on the stock market
Easier to control than a sole trader
Shares are sold privately, so there is some control over ownership
4.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
This is a leadership style when managers make all the decisions, allowing no input from employees.
Democratic
Autocratic
Laissez-faire
5.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
Which of these is an advantage of scientific decision making?
Relying on instinct
You are doing something you have always done, the results should be the same.
It is rational and logical
It is expensive
6.
FILL IN THE BLANK QUESTION
1 min • 1 pt
A .................... .............. is a mathematical tool that can be used by managers to help them make the right decision.
7.
FILL IN THE BLANK QUESTION
1 min • 1 pt
What is the EV of option one?
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