Revision quiz

Revision quiz

University

22 Qs

quiz-placeholder

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Revision quiz

Revision quiz

Assessment

Quiz

Other

University

Medium

Created by

Lois Slater

Used 2+ times

FREE Resource

22 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

This is when a business produces an increased range of unrelated goods and services.

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

Media Image

What is the EV of option one?

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