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Business management in the land-based sector Flashcards | StudBud
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Business management in the land-based sector
Business management in the land-based sector
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26 cards
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Questions
26
Answers
1
A business is NOT required to have disabled access
False
True
2
What is the date for the national minimum wage act?
1969
1998
1982
1748
3
Can competitors indirectly dictate prices and opening hours?
True
False
4
What is the date of the Employment Act?
1998
2002
2012
1985
5
How long is maternity leave?
45 weeks
52 weeks
60 weeks
1 month
6
Are non-profit organisations tax-exempt?
True
False
7
Do both genders get paid equally?
True
False
8
What does the primary sector do?
Commercial/retail services
Stipulate a business
Manufacturing and distribution
Supplies natural/raw materials
9
Is it true that trend analysis helps a business identify where they need to improve?
True
False
10
Which sector focuses on manufacturing and distrabution?
Primary
Secondary
Tertiary
Original
11
How many types of business legislations are there?
3
4
1
6
12
What is not an associated business?
Suppliers
Competitors
Professional bodies
Consumers
13
Fill in the blank: For people aged 25+ it is called the national ______ wage
Living
Minimum
Optimum
Maximum
14
Do Not-for-profit organisations use funds for their own personal gain?
True
False
15
How long is paternity leave?
5 months
8 weeks
2 weeks
1 month
16
What does the consumer law include?
Protecting consumers complaining about goods and services
Protecting consumers and anyone purchasing products and services
Protecting consumers returning products
Protecting consumers ideas and thoughts
17
What does the tertiary sector do?
Supplies natural/raw materials
Commercial/retail services
Manufacturing
Pricing
18
A limited companies shares are not available to the public
False
True
19
What is the date of the equality act?
2004
1998
2010
2018
20
How many partners can be in a partnership?
2-3
2-25
2-6
2-20
21
What is a business called when it has only 1 owner
Main trader
Self-employed
1 man business
Sole trader
22
What is the value of output?
The market value of materials produced by a business
How much money is made through products
The market value of all the goods and services produced by a business
How much it costs to produce goods?
23
What does GDP stand for?
Gross developed produce
Gross domestic produce
Gross developed product
Gross domestic product
24
How do suppliers affect a business
Interact with customers
Advertise wrong products
May change credit terms
Can change the materials of the goods
25
Why is business important to the country’s Economy?
They boost the communities image
They do not provide goods and services
They provide jobs, goods and services
They lower the crime rate
26
What does the Equality Act state as a protected characteristics?
Boss, employee, customer, consumer
Customer, old people, animals
Age, race, sex, disability
Ethnicity, skills, expertise, staff facilities
