General Knowledge - Business Studies

Goods and services can be divided into 3 categories: the image represent .... for a bakery.

Business insurance is when the business insures this:

The quality of an entrepreneur that enables him / her to be different than the norm.

Investments in a business context is also known as:

The RED line on the graph represents:

An example of a fixed cost is:

The factor of production that contributes skills and expertise.

A benefit of buying in bulk:

A model for enhancing creativity is...

Rent received is an example of a business INCOME:

The first step in the procurement process is....

An example where jobbing as production system is used.

The storage of resources until they are needed.

Break-even point is when:

The reason why an employee do work.

TC = Fixed Costs + Variable Costs

The type of question in Section C of the Gr 12 Business Studies examination.

A management task that enables the manager to encourage employees to work harder.

An example of a business expense is:

ROI stands for Return on Insurance

An entrepreneur that is concerned about the well-being of the community is called a:

The duration (time allocated) of the Gr 12 Business Studies examination.

Section A in your exam consists of ......... type questions.

The Total Average cost is the same than Cost per unit.

An example of a Short Term production task.

An entrepreneur might loose his capital investment.

Example of safety gear.

A reliable stock control system:

Calculate the Net profit: if gross profit is R 1 million and expenditures are R 500 000.

The production system that uses standardized machines throughout the whole process.

The factor of production that provides machinery for the manufacturing of goods.

A management task that aims at improving employees' future behaviour.

Gross profit is calculated as:

An entrepreneur that is concerned about the well-being of the community is called a:

The correct Accounting equation is:

An example of a Long Term production task.