stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
2.3 Business Studies Flashcards | StudBud
Explore
/
2.3 Business Studies
2.3 Business Studies
18 terms
·
StudBud Administration
·
254 plays
2.3 External; Apply business knowledge to a critical problem(s) in a given large business context
Flashcards
18 cards
F
Practice quiz
P
Host live
L
Questions
18
Answers
1
Market development is...
Selling existing product to existing market
Selling existing product to new market
Selling new/improved product to existing market
2
Which of these Māori business concepts is NOT used in 2.3?
Tūranga
Rangatiratanga
Kaitiakitanga
Manaakitanga
3
M commerce stands for what?
Mobile commerce
Money commerce
Management commerce
Maximum commerce
4
A takeover only happens to a business that is...
Merging with another
Smaller than the business taking over
Going bankrupt
Listed on the stock exchange
5
An example of gross misconduct is...
Taking too much sick leave
A backhanded compliment
Theft
Skipping a day of work
6
Internal growth is when...
A business grows by opening new branches, shops or factories
Two companies come together to form a single company
Two companies are forced to form a new one
A business expands by merging or taking over another
7
A way to keep a key member of personnel is...
Refuse to give them a reference
Pay rise/ benefits
Reprimand them
Use contractual loopholes
8
Segregation of duties is...
Having one person required to complete a task
Having more than one person required to complete a task
9
What is the difference between a acquisition and a takeover?
Acquisitions are hostile whereas takeovers are not
Takeovers are hostile whereas acquisitions are not
10
Horizontal integration is integrating with firms that are...
In the same industry at the same stage of production
In the same industry at a different stage of production
11
Is competition for businesses good or bad for a community?
Good
Bad
12
Who is this quote from?
Henry Ford
Steve Jobs
Oprah Winfrey
Mark Zuckerberg
13
How much does fraud cost the UK per year?
£120 Million
£38 Billion
£38 million
£8 billion
14
What is a liability?
An obligation arising from past transactions or events
An expense to the business
15
Effective leaders are...
Good communicators
Reactive
Consistent and fair
Proactive
16
What is a disadvantage of technology?
Flexible work hours
Expense
Efficiency
Loss of personal touch
17
Why is competition for businesses good for a community?
Less competitive businesses go bankrupt
Lowers prices of products
Produces better quality goods or services
More advertising
18
What is the definition of Pūtake?
The origin or reason for being
Values,rules, priorities, and ways of doing business
The foundation on which the business is based
Guardianship of natural resources
