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Domino Activity
| Question | Answer |
| This group own shares in a company and receive a share of profits in the form of dividends. | Tertiary Sector |
| Question | Answer |
| Any group with an interest in the success of a business. Examples include workers, owners and suppliers. | Shareholders |
| Question | Answer |
| Unemployment caused by a lack of demand in the economy (due to the 'business cycle' | Stakeholder |
| Question | Answer |
| This document details the tasks and duties involved in a job | Cyclical unemployment |
| Question | Answer |
| The point where demand equals supply | Job Description |
| Question | Answer |
| Unemployment caused by the decline of a major industry, often in a specific geographical area | Equilibrium |
| Question | Answer |
| This document details the skills, attributes and qualities needed by a worker to complete a specific job | Structural unemployment |
| Question | Answer |
| An increase in advertising will cause the demand curve to shift in which direction? | Person Specification |
| Question | Answer |
| This is measured by Output divided by Number of workers | Right |
| Question | Answer |
| These costs change directly with the level of output. Examples include raw materials and power | Productivity |
| Question | Answer |
| When a product becomes less fashionable the demand curve will shift in which direction? | Variable Costs |
| Question | Answer |
| These costs stay the same regardless of the level of output. Examples include rent and advertising. | Left |
| Question | Answer |
| Total Revenue is found by which formula? | Fixed Costs |
| Question | Answer |
| Total Costs are found by which formula? | Price x Quantity Sold |
| Question | Answer |
| This shows profit as a percentage of sales | Fixed Costs + Variable Costs |
| Question | Answer |
| One measure of unemployment used by the government. This involves surveying households about work/unemployment | Profit Margin |
| Question | Answer |
| This sector of the economy includes all organisations controlled by the government or local councils. | Labour Force Survey |
| Question | Answer |
Which of the following is not an example of 'capital'?
- The firm's van
- A worker's drill
- The receptionist
- The factory
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Public Sector |
| Question | Answer |
| This measure shows profit as a percentage of the total capital employed by a business. | The receptionist |
| Question | Answer |
| This industrial sector includes all 'services', such as banking, hairdressing and cleaning. | Return on Capital Employed (ROCE) |
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