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Ems exam
Ems exam
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Questions
54
Answers
1
It is not a good idea to write down your goals.
True
False
2
What is NOT a characteristic of an entrepreneur
Persevering
Ambitious
Socially outgoing
Avaricious
3
Print media advertisement include:
Marketplace
Twitter
Pamphlets
Facebook
4
Loanseekers is a small business that provides loans
True
False
5
Skills of an entrepreneur...
Team-building skills
Reading skills
Learning skills
Leadership skills
6
Using a computer makes accounting departments work quicker and more reliably.
True
False
7
a Business is only successful when..
receives more money than what it spends.
receives more bills than checks.
receives more consumers.
receives more debt than what it makes.
8
Purpose of advertising is to boost the image of your company
False
True
9
Advantages of stokvels
lack of trust between members
help pay for unexpected events
not all members have control of the stokvel account
10
When a business receives less money than what it spends It is a profit
False
True
11
Sustainable use is when we consume and use them cautiously.
True
False
12
Debit card
money transferred by making use of telephone banking,
card can be used instead of cash when making purchases.
card that allows the cardholder to borrow money from the bank
money put into a bank account.
13
Improve productivity:Reward and praise workers for good performance.
False
True
14
Most popular deposit acount is a fixed deposit
False
True
15
what is not a SMARTER goals approach
Time bound
Achieveable
Specific
Reachable
16
Non-bank institutions are:
Absa
Hollard
Capitec
Fnb
17
Assets may include..
Make up
property
addidas trainers
Clothes
18
What is not an analysis of swot...
Threats
Opportunities
Power
Strength
19
Growing plants is an example of manufacturing
False
True
20
Skills refer to the things that...
They have inherited
They have never done before
They can do well
They can do without any help
21
property management consultants = a support service
False
True
22
Advantage of using robots are..
people can be replaced in jobs that are boring or not requiring much skill
Increasing unemployment rate
Cannot handle unexpected situations
Reduces flexibility
23
Deposits are money taken from a bank account automatically
False
True
24
not all members have control of the stokvel account Is an advantage
False
True
25
Fixed cost examples
Petrol for staff
Packaging
Salaries of permanent staff
Electricity
26
Examples of personal savings
Credit card
Accounts
Shares
27
If your sale price is too low, you will make profit
False
True
28
SMARTER approach is used for..
Vision
Mision
Goal setting
Profit making
29
Negotiating skills is to obtain the best prices or deals
True
False
30
Debit orders
money put into a bank account.
borrow money from the bank
a printed document provided by the bank
money taken from a bank account automatically to pay expenses
31
economic growth leads to higher standards of living
True
False
32
Variable costs are those costs in a business that remain the same every month
True
False
33
When you save money in a savings account, you earn interest on the money
False
True
34
A good stock control system is knowing...
whete to sell
what time to buy
what day to buy
how much to buy,
35
What is economic growthmeasured in?
GPD
GDP
DPG
PGD
36
Mark up is the amount added to the cost price of an item or service to get to the...
Cost price
Profit
Liability price
Selling price
37
Contribution stokvel
pool money is collected regularly to buy expensive items
the members contribute a fixed amount of money to a common pool
members put money into a common account and may use it if really needed
these are used as a basic savings scheme to pay out for specific events
38
Persevering
Being negative
Find sotutions, not problems
Give up
Never wrong and not learning from mistakes
39
A weakness of a business can be that they do not exhibit at trade shows
False
True
40
A good advertisement will follow the AIDA principle.. What is the correct one?
A=attention
A=assets
I=Income
D=Defeat
41
Variable costs examples
Transport
Maintenance contract
Rent paid
Insurance
42
Technology in the production process uses machinery like...
computers
hand written notes
robots
43
Products are bought from wholesalers
True
False
44
Savings means to spend money now and not until a future date.
False
True
45
Transformation are the goods and services which businesses sell and consumers buy.
False
True
46
Another word for producing is..
Stock
Reduce
Manufacturing
Items
47
Paying staff and trading to make a profit is what most entrepreneurs do.
True
False
48
Broadcast media advertisements include magazines
True
False
49
Not a disadvantages of economic growth
a negative impact or damage to the environment
an increase in inflation
increases profits for businesses and builds business confidence
50
The price the entrepreneur pays the wholesaler for the product is known as...
Cost price
Sell price
Profit price
Deficit
51
Production...
process of changing manufactured materials into goods and services
process of changing raw materials into goods and services
process of changing products into goods and services
process of changing existing products into new goods
52
How to open a youth savings account:
If you are under 16, you will need a parent to accompany you to the bank.
if you are over 16, you must only have a South African ID book
You must be older than 18 years old and live in South Africa.
53
Characteristics are personality traits.
True
False
54
Productivity can be measured according to....
Products
Capital
labour
Year
