Recap quiz

Which of the following is an example of a financial aim for a business?

• To breakeven

• To improve reputation

• To increase market share

• To offer value for money

A business with a unique selling point:

• benefits from low production costs

• has an advantage over its competitors

• is protected from having its ideas copied

• will always be profitable

Which of the following is a non-legal consequence of failing to comply with the Data Protection Act?

• Being fined

• Damage to reputation

• Imprisonment

• Increased revenue

Which of the following job roles would report to a director?

• Chief Executive

• Manager

• Operative

• Supervisor

Paying the living wage is an example of:

• being an ethical employer

• employee empowerment

• meeting legal requirements

• sustainability

Which of the following would not cause a business to fail?

• Insufficient cash inflow

• Lack of USP

• Maintaining market share

• Reliance on one supplier

A business that uses cross-functional teams has:

• a flawed business plan

• a matrix structure

• few communication paths

• no stakeholder conflict

Which of the following is an advantage of operating as a LTD?

• Business accounts do not need to be sent to Companies House

• Shares can be sold on the stock exchange to raise funds

• The business has a separate legal identity from its owner

• The health and safety at work act does not apply

Which one of the following is not an example of being enterprising?

• Being your own boss

• Having a negative attitude to change

• Taking risks to be competitive

• Turning your hobby into a business

Job roles on the same level of an organisation chart:

• equal spans of control

• equal status

• identical key tasks

• identical workloads