Business Studies 2019 Grade 10 Round 1

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Business Environments ; Interrelationships between environments ; Business Sectors

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1. A business has many objectives it would like to achieve. An objective is…

1 point

picturing where the business would like to be in the future.

the actual achievement of the enterprise

achievable targets which help coordinate business activities in the direction of the mission statement.

D variables in the enterprise which have a positive or negative effect on the growth and survival of the company.

Clear selection

2. Organisation and management is part of which environment?

1 point

Macro

Micro

Market

Tertiary

Clear selection

3. Refer to the following extract and answer the question that follows:“To be the fastest growing, most rewarding and most transformative leadership community.” – Mandala Leaders. Identify the type of statement made in the above extract?

1 point

Goal

Vision

Mission

Objective

Clear selection

4. The basic economic problem is that:

1 point

limited needs have to be satisfied by the use of limited scarce resources

limited needs have to be satisfied by the use of unlimited scarce resources

unlimited needs have to be satisfied by the use of limited scarce resources

unlimited needs have to be satisfied by the use of unlimited scarce resources

Clear selection

5. Trying to put a product on the market that is better than those of the competitors is a good example of what?

1 point

Problem-solving

Micro-environment

Creative thinking

Macro-environment

Clear selection

6. The term refers to the continuous and significant increase in prices of goods and services?

1 point

Globalisation

Inflation

Competition

Recession

Clear selection

7. What is the current South African inflation rate?

1 point

8% – 10%

10% -12%

4% - 6%

20% - 30%

Clear selection

8. Explain the definition of a business’s competitors.

1 point

buy the products and services which an enterprise has on offer.

refer to the challenges and influences that present themselves from immediately outside the business.

are other businesses which offer the same or similar goods and services to consumers.

are firms and individuals that provide the resources needed by the business enterprise to produce its goods and services.

Clear selection

9. The abbreviation SWOT analysis stands for:

1 point

Strengths, Weaknesses, Opportunities and Threats

Steps, Wellbeing, Overturned and Teaching.

Still, Weapons, Order and Tasks.

Systems, Work, Outcome and Transit.

Clear selection

10. You have spotted ___________ if you have identified a gap in the market.

1 point

a legal opportunity

business ethics

a business opportunity

a business plan

Clear selection

11. Outline why trade unions form part of the market environment and not the macro environment.

1 point

Trade unions are beyond businesses’ control

Trade unions have no say in how businesses operate.

Trade unions do not have a direct influence over the business

Trade unions can be influencers through good business practices.

Clear selection

12. Intermediaries can be defined as

1 point

people or organisations that supply the business with a specific input.

businesses that offer similar products or services in competition with the business.

people or businesses that ensure that the outputs of a business get to the consumer.

businesses that manufacture products for a specific purpose

Clear selection

13. Refer to the following extract and answer the question that follows:

1 point

3,2,4,1

1,2,3,4

1,4,2,3

4,3,2,1

Clear selection

14. The business function that is responsible for keeping all records that will assist management in the decision making process.

1 point

General management function

Financial function

Administrative function

Human resource function

Clear selection

15. The introduction of cell phone banking is an example of how the __________ environment can influence business operations in the micro environment.

1 point

economic

technological

international

global

Clear selection

16. The relationship between the micro and market environment can generate what type of response?

1 point

Strength

Weakness

Opportunity and Threat

Resources

Clear selection

17. The procurement staff need to be in close communication with which function in order to maintain the quality of goods.

1 point

Market function

Production function

Administration function

Macro function

Clear selection

18. Poor functioning in the cross-cutting of support functions is likely to lead to what type of performance for the business?

1 point

Poor performance

Good performance

Profit performance

Customer performance

Clear selection

19. Which of the companies below has a monopoly over the South African market?

1 point

Telkom

Pick ‘n Pay

Edgars

Eskom

Clear selection

20. A cool drink company like Coca-Cola can be seen as a business functioning in the ____________. 1 primary sector 2 secondary sector 3 tertiary sectorChoose the correct option.

1 point

1 and 2

all of the above

2 and 3

none of the above

Clear selection

21. Most tasks in a bakery are performed by the bakers. A bakery is referred to as a _____________ intensive business.

1 point

capital

labour

material

agricultural

Clear selection

22. The availability of water, electricity, transport, and labour within an area is known as _______________

1 point

infrastructure

capital layout

investment

assets

Clear selection

23. Identify the sector in the picture below:

1 point

Primary sector

Secondary sector

Tertiary sector

Wholesale sector

Clear selection

24. Which of the following is not an example of a parastatal?

1 point

Transnet

Vodacom

Eskom

South African Airways

Clear selection

25. Business ventures between private businesses and state-controlled organisations are known as what type of partnership?

1 point

Private-infrastructure partnerships

Public-government partnerships

Private-state partnerships

Public-private partnerships

Clear selection

26. Which of the characteristics below is used to identify formal businesses?

1 point

Registered to pay tax

Survivalist business

Does not contribute to the GDP.

Businesses providing only basic goods.

Clear selection

27. Refer to the following extract and answer the question that follows: " ArcelorMittal South Africa is part of the steel company Arcelor-Mittal. The company was originally Yskor Ltd., a South African parastatal steel company." Adapted from: (https://en.wikipedia.org/wiki/Mittal_Steel_South_Africa), accessed 12/03/2019. The above extract is an example of what?

1 point

State-ownership.

Public ownership.

Infrastructure.

Privatisation.

Clear selection

28. Construction companies form part of which sector?

1 point

Secondary sector

Primary sector

Tertiary sector

Building sector

Clear selection

29. In a developing country like South Africa, which sector is the fastest growing sector?

1 point

Informal sector

Food sector

Construction sector

Infrastructure sector

Clear selection

30. Choose which of the following sectors contribute the most to the South African GDP.

1 point

Agriculture

Mining

Manufacturing

Transport

Clear selection

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