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Revising Module I - Business Studies
Revising Module I - Business Studies
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Business Studies
Flashcards
20 cards
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Practice quiz
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Questions
20
Answers
1
The regular swings in economic activity measured by the real GDP is called
boom
recession
business cycle
slump
2
States the name, address of the head office and VAT number
IBAN
SWIFT
Article of Association
Memorandum of Association
3
Building a customer base is important for?
entrepreneurs
employees
leaders
managers
4
Personal assets on a line in business
Limited liability
Unlimited liability
5
Selling state owned properties to private owners
Globalization
Nationalisation
Privatisation
Market
6
society is a business of
LLC
LTD
Social Enterprise
Partnership
7
Total sale of business/total sales of industry x 100
calculates
Market share
Profit
Revenue
Income elasticity
8
For creating value to a product we need ......
effective owners
effective leaders
effective employees
effective management
9
Synergy is related to
Ownership
Integration
Takeover
Merger
10
Unemployment resulting from low demand for goods is
frictional
cyclical
structural
11
Fair dismissalpregnancy from a job is in case of
pregnancy
refusal to follow protocol
sickness
refusal to work on holy day
12
Business that owns 12 employees is
medium
large
micro
small
13
Devaluation relates to
GDP
exchange rates
market
fiscal policy
14
Abandoning work often or leaving it can cause
demotion
minimum wage
promotion
penalty
15
Legal structure does not change in
Joint Ventures
Social Enterprises
Franchises
Partnerships
16
What is missing in the image below?
Individual objectives
Corporate targets
Divisional objectives
Corporate aims
17
Which report generates info about impact of business on society ?
Business Protocol
Environmental audit
Memorandum of Association
Social audit
18
An increase of average price and fall of value of money is
recession
devalvation
inflation
deflation
19
Luxury goods have the index of elasticity
x=0
x<-1
x>1
20
Gardening is
primary sector
tertiary sector
secondary sector