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Teams
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Score
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15
×
Identify THREE non-financial methods of motivation
Job rotation, teamworking, job enrichment, promotion etc.
Oops!
Check
Okay!
Check
15
×
Identify TWO common objectives that the broader community / society might have when a business moves in that community.
creation of jobs, socially and environmentally responsible
Oops!
Check
Okay!
Check
×
banana
Go to last place!
Oops!
×
star
Double points!
Okay!
×
fairy
Take points!
5
10
15
20
25
×
thief
Give points!
5
10
15
20
25
15
×
Outline TWO disadvantages that partnerships have over sole traders
Slower decision-making, have to share profits
Oops!
Check
Okay!
Check
15
×
Outline TWO reasons why public sector organizations exist.
Make essential services accessible to public, protect jobs and maintain key industries, Prevent exploitation of customers
Oops!
Check
Okay!
Check
15
×
Outline TWO advantages of being a franchise for a franchisee.
Lower chance of failure, Franchisor pays for advertising and provides training, Banks more willing to lend, Fewer decisions needed to be made
Oops!
Check
Okay!
Check
15
×
Outline TWO features of private limited companies.
Unlimited liability, unincorporated business, more capital available for business compared to sole trader / partnership
Oops!
Check
Okay!
Check
×
banana
Go to last place!
Oops!
×
seesaw
Swap points!
Okay!
×
fairy
Take points!
5
10
15
20
25
×
lifesaver
Give 25 points!
Oops!
15
×
Outline TWO advantages that public limited companies have over partnerships.
More easy to raise capital, limited liability, incorporated business etc.
Oops!
Check
Okay!
Check
15
×
Outline TWO stakeholder conflicts that might arise at STC.
ESF management wanting to cut costs vs. Teachers wanting higher salaries; Students/parents wanting lower tuition fees vs. teachers wanting higher pay
Oops!
Check
Okay!
Check
×
baam
Lose 25 points!
Oops!
×
seesaw
Swap points!
Okay!
×
fairy
Take points!
5
10
15
20
25
×
baam
Lose 25 points!
Oops!
×
banana
Go to last place!
Oops!
×
fairy
Take points!
5
10
15
20
25
×
rocket
Go to first place!
Okay!
×
baam
Lose 10 points!
Oops!
15
×
Outline ONE advantage and ONE disadvantage of profit sharing as method of motivation.
workers motivated to enrich company as a whole to make higher profits vs. firms make losses --> no profits + lower paid workers get paid less
Oops!
Check
Okay!
Check
15
×
Outline TWO disadvantages of being a franchisor.
Reputational risks, Franchisee keeps profits of outlet
Oops!
Check
Okay!
Check
15
×
Identify FOUR stakeholders at the Shake Shack in New Town Plaza
Customers, cashier, management, New Town Plaza staff etc.
Oops!
Check
Okay!
Check
15
×
Differentiate between a public sector organization and a public limited company
Government owned vs. private individuals owned.
Oops!
Check
Okay!
Check
×
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