11BUS DP Business Management (1.1 & 1.2)

Which of these industries won't be included in the Primary Sector?

T/F: A disadvantage of a limited liability company is that it has to disclose information, i.e. financial information.

What are the sectors of business activity?

What makes entrepreneurs & intrapreneurs similar is the passion and the courage to face failure

T/F: Shareholders in privately held companies can only sell their shares if they permission from other shareholders.

T/F: A business plan sets out how the organisation will meet its business objectives:

What is an 'entrepreneur'?

Organisations has no outside shareholders & are accountable to the government for their performance:

T/F: NGO's (non-profit) operates in the public sector.

Apple, Microsoft, Verizon, General Motors, Walmart and Target are examples of which business sector?

T/F: IKEA, a privately held company, trades its shares on stock markets such as the London FTSE.

Who are classified as the owners of a limited liability company?

Which of these opportunities is a reward for entrepreneurs who own and grow their business over the long term?

Organisations cover activities such as the state health, education, police and prison services

The Human Resources business function is responsible for (select all that apply):

What are the 'business functions'?

Which of these business ownership structures provides limited liability to the business owner(s)?

The purpose of a Business Plan includes:

T/F: A social enterprise is not allowed to generate and declare a profit.

The business function responsible for managing the personnel of the organisation:

T/F: You can turn your hobby or passion into a business.

A business plan serves all these purposes EXCEPT:

The business department responsible for identifying and satisfying the needs and wants of customers:

The 'E' in 'GETCASH' as an opportunity or motivator to start a business, represents which opportunity?

T/F: A for-profit social enterprise aims to use it's surplus/profit to the benefit of society.

Social Enterprises operate in which of the following sectors?

Which of these business ownership structures provides unlimited liability to the business owner(s)?

Which of these concepts is NOT one of the 7 P's of Marketing?

T/F: A publicly held company such as META trades it's shares on a stock exchange such as the NASDAQ.

Which 'chain' links all the production sector by tracking and recording all the stages of an item's production?

T/F: Entrepreneurs can earn far in excess of salaries from any other occupation.

Which of these are advantages of being in a business partnership? (select all that apply)

What is a similarity between 'intrapreneur' and 'entrepreneur'?

What does the 'quaternary' sector refer to?

Which of these plans aim to gain financial backing from banks and/or investors?

Which of the following are a disadvantage of being a sole trader? (select all that apply)

T/F: A business combines resources into processing goods and services to satisfy customer needs.

What is an 'intrapreneur'?

T/F: The private sector cover activities such as state health, education, police and prison services.

T/F: For a privately held company, no prior permission by other shareholders is needed for shareholders to sell shares.

Who shares the profits of a cooperative?

Which of these are inputs into business processes to create output? (select all that apply)

Complete: Businesses in the tertiary sector specialises in providing ______ to the general population.

Which of the following are advantages of limited liability companies?

Limited Liability means that:

Which of the following are an advantage of being a sole trader? (select all that apply)

T/F: The quaternary sector is never included in the tertiary sector as they are not service sectors.

T/F: The private sector covers activities that are within the control of direction of the government.

T/F: Private sector organisations are those owned by individuals and not run by the state.

What are the owners of a cooperative called?

Successful Entrepreneurs are:

These organisations operate with the main objective of making a profit    

Which one is NOT a reason to start up a business?

Which of these is not a challenge faced by start-ups?

The steps through the different sectors to turn raw materials into a consumer good that is marketed & sold: