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Year 10 2016 Flashcards | StudBud

Explore/Year 10 2016

When is my birthday?

What is calculated risk?

Year 10 2016

10 terms·StudBud Administration

A quiz about business by Kirsten Peters

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Questions 10

Answers

1
What is calculated risk?
The probability of a negative event occurring
The probability of a positive event occurring
The probability that a business will succeed
A quantitative approach to business planning
2
When is my birthday?
February 3rd 2002
September 2nd 2001
September 3rd 2001
May 2nd 2002
3
Who should've won the apprentice?
Alana
Courtney
Paul
Karthik
4
Who won the apprentice?
Courtney
Karthik
Alana
Alan Sugar
5
Which one of the following is an example of primary market research?
Survey of customers
Internet research
Newspaper articles
Government statistics
6
What isn't a needed quality for an entrepreneur?
Leadership
Being rich
Risk taking
Persuasion
7
Which of these colours aren't thinking hat colours?
Red
Yellow
Blue
Purple
8
Which of these are methods of protection for a new business idea?
Patent
Business plan
Innovation
Contract of employment
9
What is the purpose of 'what if' questions?
They allow the entrepreneur to make a profit
So the entrepreneur can asses any possible outcome
They ensure that the business will not fail
They help to recruit staff from overseas
10
What is the formula for a company's sales turnover?
Revenue= price x quantity
Price = Revenue + quantity
Total costs= Fixed costs + Total variable costs
Fixed costs+ Total variable costs- Total costs