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    Business Exam: Name: . Number: . Year: . Date: .. / .. /2020 Time: Minutes Mark

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    Sylwia Sdiri
    This document appears to be a business exam containing multiple choice and short answer questions about business terminology, sectors, objectives, and performance. It tests understanding of key business concepts like reasons for business success and failure, the difference between public and private sectors, and factors that influence different types of businesses. The exam focuses on classifying different business scenarios and explaining business strategies, structures, and goals.

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    Business Exam: Name: . Number: . Year: . Date: .. / .. /2020 Time: Minutes Mark

    Uploaded by

    Sylwia Sdiri
    54 views6 pages
    This document appears to be a business exam containing multiple choice and short answer questions about business terminology, sectors, objectives, and performance. It tests understanding of key business concepts like reasons for business success and failure, the difference between public and private sectors, and factors that influence different types of businesses. The exam focuses on classifying different business scenarios and explaining business strategies, structures, and goals.

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    This document appears to be a business exam containing multiple choice and short answer questions about business terminology, sectors, objectives, and performance. It tests understanding of key business concepts like reasons for business success and failure, the difference between public and private sectors, and factors that influence different types of businesses. The exam focuses on classifying different business scenarios and explaining business strategies, structures, and goals.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    54 views6 pages

    Business Exam: Name: . Number: . Year: . Date: .. / .. /2020 Time: Minutes Mark

    Uploaded by

    Sylwia Sdiri
    This document appears to be a business exam containing multiple choice and short answer questions about business terminology, sectors, objectives, and performance. It tests understanding of key business concepts like reasons for business success and failure, the difference between public and private sectors, and factors that influence different types of businesses. The exam focuses on classifying different business scenarios and explaining business strategies, structures, and goals.

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    © All Rights Reserved
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    of 6

    2020-2021

    Business exam Final Term 1

    Name: ………………………………. Date: Time : Mark:


    Number: …. Year: …. .. / .. /2020 … minutes ……

    1. Identify and explain TWO reasons why some new or established businesses fail. [4]

    2. Identify and explain TWO reasons why some entrepreneurs choose to keep their business
    small in size [4]

    3. Identify and explain THREE stakeholders in an Air France airlines business and their likely
    objectives [6]

    4. Explain the difference between public and private sector. [2]


    5. Identify the differences between partnership and public limited company. [4]

    6. What does SMART mean? Give two examples of SMART objectives [4]

    7. Classify the following according to whether they are primary, secondary or tertiary and
    private or public sector: [12]
    a). A state-run mining company
    b). A telecom company owned by shareholders
    c ). A small family-run hotel company
    d). A government-owned steel manufacturer
    e). A public limited company operating in insurance
    f). A private limited company producing the shoes
    8. Sarah set up a business as a sole trader running a nursery for small children too young to go
    to school. The business is successful and has opened a number of new nurseries. Sarah took on a
    business partner in 2007. Growth has continued and now the business has 10 nurseries in different
    towns and villages. Sarah is planning to open another nursery and is looking for a suitable location.

    (a) What is meant by the term ‘sole trader' [2]

    (b) A nursery school is classified as a tertiary sector activity. Identify two other examples of
    businesses that are also in the tertiary sector. [2]
    Example 1:

    Example 2:

    (c) Identify and explain two advantages to Sarah of having a business partner. [4]
    Advantage 1: .

    Explanation:

    Advantage 2:

    Explanation:
    9. Country A has a mix of private sector and public sector enterprises. Figures 1– 3 give some
    data about the two sectors.

    (a) Identify two examples of public sector enterprises. [2]


    Example1:

    Example2:

    (b)  Identify two aims that public sector enterprises often have. [2]
    Aim 1:

    Aim 2:
    (c)  Identify and explain two reasons why profits are important to private sector businesses. [4]
    Reason 1:

    Explanation:

    Reason 2:

    Explanation:

    (d)  Consider each of the Figures 1–3. Identify and explain three changes that are shown by
    the data in Figures 1–3. [6]

    Change in Figure 1:

    Explanation:

    Change in Figure 2:

    Explanation:

    Change in Figure 3:

    Explanation:

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