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GCSE Business Flashcards | StudBud
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GCSE Business
GCSE Business
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StudBud Administration
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Overview of some general GCSE concepts
Flashcards
15 cards
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Practice quiz
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Questions
15
Answers
1
What is qualitative data?
Data that is in numerical form.
Data that is found first hand
Data that is opinions and views.
Data that is both numerical and opinions.
2
What is a feature of a partnership?
Only one member gets the profit
All members share profit equally
2 to 20 people own the business
Only one member pays the bills
3
What is an example of a service?
A bus driver
A bus stop
A bus
A bus journey
4
What does staff productivity depend on?
Authortarian management, quality of conditions
Skills, size of machines, effective management
Wages, holiday, overtime
Motivation, management, quality of conditions
5
What is a business start-up?
A firm that has been operating in market over a year
Money injected into the business
When a firm operates in a market the the first gime
The time at which a shop opens
6
If an employee, Jim, has an unsafe working area, which law would cover him?
Equality Act
Working Time Directive
Health and Safety Act
Minimum Wage Act
7
Who directs the aims of a company?
Managers
Stakeholders
Owners
Shareholders
8
What is an example of monetary motivation?
Being given food
Pay rise
Employee of the month
Promotion
9
What happens to a product when it reaches the maturity stage of the product life cycle?
Sales revenue turns to loss
Sales revenue becomes consistent
Sales revenue continues to fall
<p>Sales revenue continues to grow</p>
10
Why does a business benefit from growth?
It will cost less to run
It could increase profit margins
It will have less competition
It could decrease structure
11
Which of the following is true about cash flow?
It is different from profit
It shows gross profit
It is the same as profit
It is the same as revenue
12
What is the formula for profit?
Revenue minus costs
Revenue minus overheads
Gross profit plus cost of sales
Gross profit minus cost of sales
13
What are the owners of a PLC or LTD called?
Steve & Jim
Trustees
Owners
Shareholders
14
What is redundancy?
When a business dismisses workers fairly
When a business dismisses workers unfairly
When the job is no longer required.
When a business sends workers home on unpaid leave
15
Shaniqua is looking at businesses. She comes across the term plc. What does the term plc mean?
Price life cycle
Public limited company
Personal liability claim
Private limited company
