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ENTERPRISE 0454 IGCSE Flashcards | StudBud
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ENTERPRISE 0454 IGCSE
ENTERPRISE 0454 IGCSE
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enterprise questions to help everyone
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1
What is BATNA
Best Association To Next Agreement
Best Alternative To Negotiated Agreement
Best Alternative To Next Agreement
Best Alteration To Negotiated Agreement
2
Define deficit
Expenditure/spending exceeding income over a period of time
Sales revenue < total costs incurred in production
Income received from sales
Amount by which income exceeds expenditure/spending
3
Which one of the following organizations have limited liability?
Sole trader
Public limited company
Private limited company
Partnership
4
What is one of the objectives of a social enterprise?
Social responsibility
Sales revenue maximization
Profit maximisation
Satisficing
5
What's the agenda?
The written document of what was discussed in a meeting
List of things to be discussed in a meeting
The number of times a meeting is held in a year
The details of a meeting regarding the date and time
6
What is debt?
Someone who owes money
A sum of money that is owed
7
Define reservation point
What you are trying to achieve in a negotiation
The point where the best option is to walk away
The lowest terms you're willing to accept in negotiation
8
What is a share?
A contribution to finance needed by an enterprise
An investment strategy combining a variety of investments
The process of purchasing capital assets
A collective fund that allows investment in enterprises
9
Define 'LAND'
Tangible item produced by an enterprise
Human-made aids to production
Skilled or unskilled workers
Natural resources
10
Which one of the following is a risk optimizer?
Person who wishes to reduce the amount of risk faced
Person willing to accept a certain amount of risk
Person who wishes to avoid risk
11
What is word of mouth?
Customers telling potential customers about product/service
People advertising by speaking about an enterprise
12
Who is a franchisee?
Company that allows others to conduct business with its name
Company allowed to conduct business using another brand name
13
What is limited liability?
Debts out of personal funds
Debts only up to the value of their shareholding
14
Who are the owners of a co-operative
Employees
Customers
15
Which one the following is NOT one of the SMART goals
Realistic
Specific
Material
Time based
16
Which one of these is NOT required for human survival?
water
warmth
numeracy skills
food
17
What does the letter S in PESTEL stand for?
Satisficing
Societal
Social
Shreya
18
Which one the following does NOT apply to both private and public limited companies?
Shares are sold on stock exchange
Continues even if the owner dies/leaves
Legally indépendant from shareholders
Limited liability
19
Which one of the following is NOT a negotiating style?
Accommodating
Arguing
Competing
Avoiding
20
Which one of the following IS a stage of negotiation?
Satisfying your needs and positions
Summarizing the preparation
Establishing a negotiating environment
Understanding finance
