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Preliminary Business Studies revision Flashcards | StudBud
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Preliminary Business Studies revision
Preliminary Business Studies revision
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Year 11 end of year revision - Nature of Business, Business Planning and Business Management
Flashcards
22 cards
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Practice quiz
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Host live
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Questions
22
Answers
1
What do you need to plan a business
All of the above
Management skills
A pen
an idea
2
How many people in a small business
5-10
5-40
less than 20
10-30
3
The definition of Goal is
What the business wants to achieve
To score
What the owner needs to earn in profit
What the business saves
4
Benefits of a business plan include
Identifies strengths and resources
Learns Social processes
Knows how to earn money
indicates owners level of commitment
5
Scottie Pipen was drafted by which team in 1987
Vancouver Grizzlies
Chicago Bulls
Seattle Supersonics
Phoenix Suns
6
What the features of a marketing plan
The type of organisation structure
The price, product, promotion, distribution
What the business plans to achieve
Plans both the present and staff requirements
7
Benefits of a business plan include
Knows how to earn money
Indicates owners level of commitment
Learns social processes
Identifies strength and resources
8
How many people in a medium business
100,000
20
2
12
9
Which of the following is a characteristic of Money
Acceptability
Storage
Unit of Account
Neat
10
Which one of these businesses would be considered a medium sized business
100,000 employees
12 Employees
2 Employees
20 Employees
11
This form of business is allowed to advertise for the sale of shares
Private Limited Company
Sole Trader
Public Limited Company
Partnership
12
Which one is not recognised as skill of Management
Writing skills
Conceptual skills
Human skills
Technical skills
13
The definition of goals is
To score
What the owner needs to earn in profit
What the business wants to achieve
What the business saves
14
The sleeping partner plays an active role in the day to day operations of the partnership
True
False
15
What is a SMART Goal
Specific, Marketing, Adaptable, Realistic, Timely
None of the above
Simple, Marketing, Assets, Receivable, Target Market
Specific, Measurable, Achievable, Realistic, Timely
16
How many people in a small business?
5-10
5-40
10-30
less than 20
17
What does SMART goals stand for
Setting goals, marketing, Aim, Realistic, time based
Strategies, market share, accounting, risks, trains
Specific, measureable, achieving, relative teamwork
Specific, measurable, achievable, realistic, Timebound
18
Early economies could be described as
Surplus economies
Subsistence economies
Service - oriented economies
Heavy production-oriented econonies
19
This Business is regarded as franchise
Microsoft Corporation
Heritage Christian School
Apple
Burger King
20
The system of exchange of goods & Services without the use of money is called
Trade
Exchange
Production
Barter
21
This form of business is formed by a group of people with similar interests
Co-operative
Sole proprietorship
Limited Liability
None of the above
22
What do you need to plan a business
Management skills
All of the above
A pen
An idea
