Chapter 1.1 Test.

Question 1

What is an organisation?

Answer 1

An organisation is a group of people who come together to achieve a common goal or set of objectives.

Question 2

What are the main activities of a business?

Answer 2

Management, production, marketing products, controlling production, forecasting sales, expenses and profit, planning, distributing goods and services and organising natural, capitol and human resources.

Question 3

Management.

Answer 3

Organising the businesses limited resources in order to achieve specific goals. E.g. the owner buys a new machine that makes coffee faster and saves on labour.

Question 4

Production.

Answer 4

Creating products.

Question 5

Marketing products.

Answer 5

Advertising the good or service. For example an online store that shows what is available to purchase.

Question 6

Controlling production.

Answer 6

The quantity and quality of the products.

Question 7

Forecasting sales, expenses and profit.

Answer 7

Predicting your future sales, expenses and profit. For example a café changes to a supplier who provides cheaper coffee.

Question 8

Planning.

Answer 8

Planning the finances, production and business needs.

Question 9

Distributing goods and services.

Answer 9

For example the owner employs a delivery business to transport products to various customers for a price.

Question 10

Organising natural, capitol and human resources.

Answer 10

For example separate rosters are drawn up for all of the employees.