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BACs Terminology Flashcards | StudBud
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BACs Terminology
BACs Terminology
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BACs Terminology
Flashcards
21 cards
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Questions
21
Answers
1
What is teleworking?
Working oversea
Working from home
Working abroad
2
The marketing mix is the combination of product, price, place and .......
Promotion
Advertising
Marketing
Presentation
3
What is a disadvantage of a cellular office layout?
No personalized space
Poor privacy
Poor Communication
Lots of noise
4
Revenue is defined as...the expenses involved in making a product. Firms incur costs by trading
False
True
5
Services are non-physical items such as hairdressing.
False
True
6
Goods are physical products such as burgers or cars?
False
True
7
A stakeholder is?
An employee within a business
The local government
Anyone who shops at the business
A stakeholder is anyone with an interest in a business.
8
Which department in a business is responsible for the people that work there? pay / training
Marketing
Finance
Admin
Human Resources
9
Batch production, where groups of items are made together.
False
True
10
The break-even point is reached when the total revenue exactly matches...
Money going out
Fixed Costs
Total Costs
Variable Costs
11
time rate - staff are paid for the number of hours worked?
True
False
12
Job Description lists individual qualities of the person required (the ideal candidate)
False
True
13
Fixed Cost + Variable Cost = ?
Total Cost
Quarterly Cost
Final Cost
After Tax Costs
14
Stock control aims to hold sufficient items on site to enable production while minimising stock
False
True
15
Job Specification includes job title, location of work and main tasks of the employee.
False
True
16
A market is any place where buyers and sellers meet to trade products?
False
True
17
An aim/objective is a statement of what a business is trying to achieve?
False
True
18
A person with enterprise might....
Have money
Take Risks
Be from rich background
Undertake New Ventures
19
Costs are defined as.... the income earned by a business over a period of time?
False
True
20
Piece Rate - staff are paid for the number of items they sell?
False
True
21
Heath and Safety: All business must by law...
Always make sure staff are in no danger at all
Carry out and act upon a risk assessment
Provide free training
Display health and safety poster
