Which is NOT an example of a non-governmental organization (NGO)?

DOE: provide public education to the state of Hawaii

What is privatization?

sale of public sector organization to the private sector

What is a private limited company?

Business owned by shareholders, can't sell shares to public

decision aimed at meeting a specific part of the strategy

How do businesses measure corporate social responsibility?

Report on the impact of a business on society, Social audit

What is a mixed economy?

economic resources that are owned by private&public sectors

What is a business input?

Land, Labour, Capital, Enterprise

What are business inputs?

human, physical, and financial resources needed

What does it mean to have limited liability?

only liability/potential loss is what's invested

people/groups who can be affected by actions of a business

In a SWOT analysis, what do the letters stand for?

Strengths, Weaknesses, Opportunities, Threats

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Business DP1 Unit 1.1 - 1.4

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Questions 25

Answers

1
What is the goal of a social enterprise?
benefit society
make people want to invest in the business
make bonds with new partners
maximize profit
2
Which statement is used for setting long term goals for a business?
Future statement
Long statement
Mission statement
Vision statement
3
Which is NOT an example of a non-governmental organization (NGO)?
DOE: provide public education to the state of Hawaii
MSF: provides medical assistance to populations in danger
ICRC: protect lives of victims of conflict situations
Article 19: defending and protecting human rights
4
What does a business in the primary economic sector do?
Extract natural resources
Retail
Manufacturer goods
Provide services
5
What is privatization?
sale of public sector organization to the private sector
sale of private sector organization to the public sector
only certain people can join the company
the company has become a private limited company
6
What does the U in CUEGIS stand for?
Universal
Utility
Culture
Community
7
What is a private limited company?
Business owned by the state, no one can have shares
Business owned by people, can sell shares to public
Business owned by shareholders, can't sell shares to public
Business owned by one person, can sell shares to public
8
What is a benefit of an intrapreneur verses an entrepreneur?
owns the business
does not risk personal capital
has an idea for a new business
starting a new business
9
What does the G in CUEGIS stand for?
Global
Globalization
Guarantee
Gateway
10
Define tactic.
long-term plan of action
decision aimed at meeting a specific part of the strategy
a strategy in a business
plan for the whole organization to achieve an overall goal
11
How do businesses measure corporate social responsibility?
Surveys
Report on the impact of a business on society
Guessing
Social audit
12
What does the E in CUEGIS stand for?
Ethics
Empathy
Environmental
Experimental
13
What is a mixed economy?
an economy with businesses from different countries
economic resources are owned by the local government(state)
economic resources that are owned by many people
economic resources that are owned by private&public sectors
14
In the acronym SMART, what does the R stand for? Specific Measurable Achievable Time-specific
Reasonable
Relevant
Rational
Realistic
15
Ansoff's Matrix analyzes opportunities between which 2 variables?
Products, Markets
Production growth, Markets
Products, Manufacturer
People, Market
16
What is a business input?
Land
Labour
Capital
Enterprise
17
What are business inputs?
human, physical, and financial resources needed
the number of shareholders that are involved in the business
the amount of money needed
the other companies involved in the business
18
What does the C in CUEGIS stand for?
Community
Culture
Change
Choice
19
What does it mean to have limited liability?
only liability/potential loss is what's invested
only liability/potential loss is what is not invested
the shareholder will be sued if the company fails
the shareholder's bank account will be emptied out
20
What does a business exist to do?
Produce goods and services
Grow the market
Create jobs
Make profit
21
What does the I and S in CUEGIS stand for?
Innovation, Statistics
Information, Statistics
Information, Strategy
Innovation, Strategy
22
In terms of the triple bottom line, which is not one of three objectives of social enterprises?
Profit
Social
Economic
Environmental
23
Define stakeholder.
someone who has sued the company in the past
someone who effects the actions of a CEO
someone who holds a stake
people/groups who can be affected by actions of a business
24
In a SWOT analysis, what do the letters stand for?
Strengths, Work ethic, Opportunities, Threats
Success, Weaknesses, Opportunities, Threats
Strengths, Weaknesses, Occupation, Treatment
Strengths, Weaknesses, Opportunities, Threats
25
Which is NOT one of the main business functions?
CEO
Operations Management
Human Resources
Finance/Accounts

Business DP1 Unit 1.1 - 1.4 Flashcards | StudBud