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Business Terminology
Business Terminology
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StudBud Administration
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Business Studies.Year 11.Terminologies
Flashcards
10 cards
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Practice quiz
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Host live
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Questions
10
Answers
1
A type of legal structure is:
Sole Trader
Lawyer Staff
Loaning
Partnersheep
2
What are the three options during post-maturity?
Selling, Partnership, Sales
Renewal, Steady Rate, Decline
Closure, Re-Opening, Destroy
3
What is 'Micro-managing'?
Small amount of management
Computer Managing
Controlling all aspects of something, all the details
No Management
4
What is a stakeholder?
Someone who has invested in the business or company
Someone who has interest in the business or company
Customers
Someone who risks the business
5
Staff Members are an external influence
True
False
6
What topic are we studying?
Business Management
Nature of Business
Business Planning
Business
7
To 'Liquidate' is to sell all the assets of a company quickly and convert them into cash
True
False
8
What is profit?
Money to the staff
The cost of a product
Money earned from sales minus the expenses
A gym class
9
Choose the false sector:
Secondary: Manufactured, Assembled, Sold
Tertiary: Services, Warranties, Repairs
Primary: Raw Materials (Mined, Harvested)
Secondary: Raw Materials, Building, Recycling
10
What are 'interpersonal skills'?
Skills needed to work, communicate, lead with people
Giving business tips
Skills you can give to other people through a group
Your own set of personal skills (Climbing, Running)
