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Mg Leaving Cert Business Startup Quiz. Flashcards | StudBud
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Mg Leaving Cert Business Startup Quiz.
Mg Leaving Cert Business Startup Quiz.
25 terms
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Leaving Cert Business
Flashcards
25 cards
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Practice quiz
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Questions
25
Answers
1
In a
Private Ltd Company
the shareholders can not begin trading until they receive a.....
Certificate Of Incorporation
Deed Of Partnership
Articles Of Association
Certificate Of Corporation
2
a long-term loan used by a company, secured on the company's assets
Debentures
Medium-Term Loan
Grants
Equity Capital
3
a free source of finance..
Hire Purchase
Debentures
Accrued Expenses
Bank Overdraft
4
The supplier allows the business to buy stock from it now without having to pay for it now.
Trade Credit
Leasing
Accrued Expenses
Hire Purchase
5
Market Analysis Involves..
Production
Business Costs
The 4 P's
USP(UNIQUE SELLING POINT)
6
a Private Limited Company
Has Continuity of Existence.
Is Affected by death of owner.
7
Leasing is an example of ..
Medium-Term Source of finance
Short-Term Source of finance
Long-Term Source of finance
8
a Private Limited Company is set up by...
2-20 People
1-98 People
2-99 People
1-99 People
9
O Briens Sandwiches making a sandwich for a customer is an example of..
Mass Production
Job Production
Batch Production
Hand Production
10
a business plan..
Sets out internal rules and regulations for the company
Sets out the relationship between the company and the public
Sets out rules that all employees must obey.
Sets out targets for business to achieve in the future
11
The Rate of Corporation Tax in Ireland is..
10.5%
11.5%
12.5%
12.2%
12
Accrued Expenses is an example of a..
Short-Term Finance
Long-Term Finance
Medium-Term Finance
13
Dressmaker making a handmade wedding dress...
Mass Production
Batch Production
Job Production
Hand Production
14
An Example of a partnership is..
River Island
Zara
PricewaterhouseCoopers
Kerry Group
15
Which of the following have
limited liability
Private Limited Company
Partnership
Private Company
Sole Trader
16
Sole Traders Pay Corporation Tax..
True
False
17
With
Hire Purchase
the buyer legally owns the asset after the first instalment
True
False
18
"Bank can demand full repayment of loan at any time"
Medium-Term Loan
Long-Term Loan
Hire purchase
Bank Overdraft
19
Enjoys massive
Economies of Scale
Job Production
Batch Production
Mass Production
Big Production
20
Making a large quantity of the product all in one go...
Batch Production
Large Production
Mass Production
Job production
21
a Partnership is set up by...
2-25 People
2-20 People
1-99 People
2-99 People
22
Making a product continuously, 24 hours a day 7 days a week,365 days a year.
Batch Production
Big Production
Job Production
Mass Production
23
Job Production Requires..
Semi-Skilled Workers
Highly-Skilled workers
24
What is the component of a business plan?
Marketing Plan
Market Analysis
All of the above
Production Plan
25
a
permanent
source of finance.
Factoring
Grants
Debentures
Hire-Purchase
