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Understanding Business Activitiy
Understanding Business Activitiy
20 terms
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StudBud Administration
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IGCSE Understanding Business Activity
Flashcards
20 cards
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Practice quiz
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Questions
20
Answers
1
What is a method to compare business size?
the wages
Number of employees
Number of machines
2
An organisation in the public sector is a...
Co-operative
Corporation
Public Limited Company
3
Shareholders get...
debts
dividends
economies of scale
4
A stakeholder is a...
any person who is a shareholder of a business
competitor of a business
a person interested in the business
5
What's a benefit of a private limited company?
Legal formalities
Regulations and Control
Limited liability
6
To increase value added is a......?
Business objective
Factor of production
Business activity
7
What is a disadvantage of a partnership?
More capital
Partners can disagree on a business decision
Limited liability
8
Pick an industry of the secondary sector
Farmer
Hairdresser
Constructor
9
An example of a franchise is...
McDonalds
Louis Vuitton
Lidl
10
The next best alternative given up by choosing another is...?
Scarcity
Opportunity Cost
Capital
11
A level of economic activity is...
the tertiary section
the first sector
the secondary sector
12
What is an aim for a business owner?
safe and reliable products
a job that gives satisfaction
growth of business
13
Why is business activity needed?
To earn money
Because people have unlimited wants
To get well-known
14
The things that are necessary to live are....?
Wants
Needs
The Economic Problem
15
An example of a municipal entreprise is...
payed rent
school
free cars
16
An economy where there is no government control over factors of production is...?
a command economy
a market economy
a mixed economy
17
The owners of a limited company are...
stakeholders
shareholders
private people
18
What is a factor of production?
Entrepreneurship
Entreprise
Entrepreneur
19
People who buy shares are
Shareholders
Stakeholders
Holders
20
Why may a business want to grow?
to survive
to increase salaries
to get more customers
