Question 1
Which of the following is true for a public limited company?
[1 mark]
Which of the following costs is an example of a variable cost?
[1 mark]
Which of the following statements describes job production?
[1 mark]
If an employee changes from full-time employment to job sharing, which of the following is true?
[1 mark]
Which of the following is likely to be an effect of delayering in an organisation?
[1 mark]
Which statement is most likely to be correct when interest rates rise?
[1 mark]
Identify two stakeholders of a business.
[2 marks]
Explain one cost of maintaining quality during the production of a product.
[2 marks]
Explain one disadvantage to a business of poor customer service.
[2 marks]
Describe one characteristic of an entrepreneur.
[2 marks]
Explain what is meant by ‘induction training’.
[2 marks]
State and explain two financial methods of rewarding employees.
[4 marks]