Grade 10 - Business Environments

The following managerial task is important in order to reduce the burden on management.

Businesses in the .......... Sector are not included in the calculation of the GDP.

Safe, reliable and durable products are the responsibility of the .......... function.

If a manager has really good planning skills, it is not necessary for him/her to have a plan B.

The Private Sector consists of the:

Hawking is an example of a business in the Formal Sector.

Important objectives of a business include:

The .......... Sector consists of those businesses that are administered according to laws set by the government.

The micro- and market environments are also known as the internal environment.

When an employee is appointed, he/she normally receives a .......... that sets forth the rules for acceptable behaviour.

Characteristics of a sucessful business include:

The mission describes where a business wants to be in the future.

Which function is responsible for choosing the right supplier to buy resources from?

The only goal of a business should be to make money.

The Quatenary Sector refers to decision making at the highest level.

The Private Sector is part of the business world but the Public Sector is not.

A business owner has total control over the micro environment of the business.

Within the micro environment, there are 5 business functions.

Goals are long-term and objectives are short-term.

Extraction of raw materials takes place in the Secondary Sector.