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11 QCE Business "Entrepreneurship" Flashcards | StudBud
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11 QCE Business "Entrepreneurship"
11 QCE Business "Entrepreneurship"
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Answers
1
operational skills are skills that
all of the other reasons
enable you to do everything in a business
specific to what product or service you produce
not required for running a business
2
the implementation phase of the business cycle is where...............
you seek advice
plans are put into action
you go to an accountant
plans are reviewed
3
pathways to business entry include..............
all the others
buying a franchise
buying an existing business
inheriting a business
4
With Entrepreneurship can come a ...........................
a level of trust
no risk
certainty
a level of risk
5
The business cycle begins with
an idea
evaluation
a plan
having money
6
who is this entrepreneur?
Sir Richard Branson
Sir Michael Beattie
Sir Richard Bronson
Sir Colin Meads
7
Lawyer's, accountants and government agencies are all forms of.........................
unnecessary regulations
advice
revenue earning
trouble
8
the second step/phase of the business cycle is................
a feasibility study
a marketing plan
a visit to a lawyer
a business plan
9
The SAV of a business is it's ....................
sales revenue
stock
savings
shares
10
valuing a business includes, the asking price, good will and...........
ITS
SAV
Taxes
VAS
11
Which statement best suits the description of an entrepreneur
innovative
risk-taker
self motivated
creative
12
What does a workaholic mean?
someone who always works
someone who avoids work
someone who never works
someone who enjoys work
13
in the evaluation phase of the business cycle you...................
look at successes and weaknesses
ask for advice
remove staff
borrow more money to expand
14
Networking is..................
being with family
fishing with nets
being with and using like minded professionals
having OSN
15
Regulations and licencing are...............
part of having to own a business
none of the other answers
a way of keeping business owners accountable.
ways people are potected