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Entrepreneurship, Marketing & Employment Flashcards | StudBud
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Entrepreneurship, Marketing & Employment
Entrepreneurship, Marketing & Employment
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Questions
35
Answers
1
Benefit in Kind is …
The benefit of receiving wages as part of your employment contract
Blue & red are correct
A non-monetary form of compensation for employment
You take home a percentage of the sales you make
2
Pick the odd one out…
CSO statistics
Surveys
Newspapers
Internet websites
3
Trade Unions are…
Organisations that aim to protect members in a certain industry
People to come together to trade goods
Groups of people working in carpentry, welding, plumbing, construction etc.
All of the above
4
Volunteering allows the following for the individual…
All of the above
Development of new skills
Potential to get hired in the future
Gathering of workplace experience
5
The maturity stage of the product life cycle is when the product reaches its peak sales …
True
False
6
A characteristic is an ability you learn to do over time
False
True
7
The negative impacts of enterprise for communities can include…
All of the above
Over-reliance
Pollution
Traffic congestion
8
Pick the odd one out….
Motivated
Flexible
Resilient
Communicating
9
Choose which options are examples of rights of employees…
Holidays and leave
Safe working conditions
A fair days wage
All of the above
10
Responsibilities of employers include…
Obeying all laws and regulations
Being punctual
Respecting employers property
Doing a fair days work
11
Gucci suits -> Brown Thomas -> Us. This channel of distribution is…
Wholesaler to consumer to retailer
Retailer to wholesaler to consumer
Manufacturers to retailer to consumer
Manufacturers to wholesaler to consumer
12
Being flexible means..
Entrepreneurs can adapt to changing business environments
Entrepreneurs can outline their plans to investors clearly
Entrepreneurs are good at stretching
Entrepreneurs anticipate different business situations and have a plan B
13
A responsibility …
Something you are entitled to
Blue & green are correct
Something that is expected of you
Something you ought to do
14
“Automation” is a terms used when human jobs are lost due to advancements in technology
False
True
15
Choose the examples of jobs in the primary sector of the economy below…
Blue & green
Opticians, bankers, doctors etc.
Builders & bakers
Fishermen, miners, lumberjacks
16
The private sector refers to jobs such as teachers, gardaí, nurses, ambulance drives etc…
True
False
17
Enterprise is set up -> workers hired -> income earned -> money spent in other shops. This is an example of…
Substitution effect
Multiplier effect
Enterprise effect
Income effect
18
Pick the odd one out
Discounts
Merchandising
Endorsement
Product placement
19
Target market is the group of people a business aims to sell its product to
True
False
20
Pick the odd one out …
Saint Vincent de Paul
Mardyke Gym
Café Depeche
Centra
21
Enterprise Ireland give out grants to new businesses being set up in Ireland. A grant is…
Given out by government bodies for a specific purpose, needs to be repaid
A loan given from government to businesses
Yellow & red are correct
A sum of € given to a business for specific purpose + no need to repay
22
You get paid an income for work…
False
True
23
Delegating means…
Blue AND yellow answers
Driving the business forward
Dividing up the work amongst team members
Giving out tasks to different members of organisation
24
Networking is..
The ability to make contacts and connections that could useful in future
Giving out to tasks to your workers
Ability to inspire people to work towards a common goal
Ability to bounce back from rejection
25
The Unfair Dismissal Act 1977 states that employees cannot be fired on the basis of …
Inability to do the job properly
Continuous workplace misbehaviour
All of the above
Gender, race, religion etc.
26
Wholesalers might be typically included in a channel of distribution because of their ability to sell in bulk
True
False
27
Unique selling point is….
Where the company sellers it product from
What differentiates a company’s product from its competitors
Promoting your product online
How the company brand is established
28
Volunteering can reduce pressure on government to pay out as much social welfare…
False
True
29
Roles of local enterprise offices are 1) providing grants to new start ups & 2) providing info to public re new startups
False
True
30
The following are factors to consider when determining price…
Competitors prices
Income of target market
Red and yellow buttons are both right
Design of the product
31
Desk research is primary research - the discovery of information that has already been discovered.
False
True
32
Cultural enterprises….
Are set up by the government
Provide access to visual arts
Aim to make a profit
Try to address societal issues such as anti-social behaviour
33
Extra time available for annual leave could be considered an example of BIK..
True
False
34
The benefits of the enterprise for our economy include…
Creates tax revenue for our government
Creates employment
All of the above
Improves standard of living
35
An entrepreneur…
Takes a personal and financial risk
Turns an idea into a business
Identifies gaps in the market
All of the above
