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Business activity Flashcards | StudBud

Explore/Business activity

Business activity

11 terms·StudBud Administration·74 plays

-Business planning -Business aims and objectives -Business ownership -Enterprise and entrepreneurship

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Questions 11

Answers

1
What are the features or example of an incorporated business
Separate legal identity
LTD
Unlimited liability
Partnership
2
What is satisficing ?
Choosing the first alternative that is good enough
A business that continues to do okay through tough times
Money that is earned when a business sells products
3
A partnership has at least 4 Partners
False
True
4
What is survival in a business situation ?
Making sure the business continues to operate
Making less profit than last year
Making products cheaper than competitors
Providing good service rather than making profit
5
What are the advantages of a Private Limited company ?
Can raise less capital
Owners have direct control over the business
Must comply with many external regulations
No control on stock market
6
A sleeping partner...
is also a shareholder
Not involved in day to day business
Has unlimited liability
buys shares on the stock exchange
7
How many types of business ownership is there ?
3
4
2
10 minus 6
8
A business plan identifies the competitors of a business
Yes
No
9
A business might change its aims because
It feels that a change will always bring more profits
It is essential to change objectives as a business grows
All business change their objectives after a year
A new competitor has become very successful
10
What are the characteristics of an entrepreneur ?
Bad leader
Aggresive
Risk taker
Ambitious
11
Is a business plan usually written after a business starts
Yes
Correct
Incorrect
No