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Year 8 HASS - Business Flashcards | StudBud
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Year 8 HASS - Business
Year 8 HASS - Business
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Questions
12
Answers
1
What is the acronym to remember the 5 characteristics of business success?
M.B.O.D.E
B.O.D.E.M
M.O.N.E.Y
B.M.O.D.E
2
What does BMODE stand for?
Business Idea, Market, Organisation, Demand, Effective Management
Business Idea, Market, Organisation, Demand, Economy Management
Business success, Money, Organisation, Demand, Effective Management
Business Planning, Market, Organisation, Demand, Effective Management
3
Which is the correct spelling?
entreepreneur
entreprenuer
entrepreneur
enterpreneur
4
Which of these in NOT a type of income?
Profit
Taxes
Rent
Interest
5
What is income?
Money received by people or businesses
Money paid for goods or services
Taxes
Wages
6
What is work?
Mental or physical effort used to produce a good/service
Anything someone volunteers for
Anything someone is paid to do
What you do at school
7
What are the three reasons people work?
Money, friends, something to do
Financial, social and personal
Financial, social and economic
Just money
8
What are the three types of work?
Paid, unpaid, volunteer
Paid, volunteer and school
Paid and volunteer
Primary school, high school, university
9
What is an entrepreneur?
A person with a good idea
Someone who sells entrees
A person who works in company
A person who sets out to build a successful business in a new field
10
What is NOT a behaviour of entrepreneurs?
clear vision
innovative
lazy
motivated
11
Wages are a type of income for individuals
False
True
12
Which of the following is NOT a type of business?
Cooperative
Shoe Trader
Franchise
Sole Trader
