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Business in the real world Flashcards | StudBud
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Business in the real world
Business in the real world
20 terms
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StudBud Administration
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1,320 plays
AQA Year 9
Flashcards
20 cards
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Practice quiz
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Questions
20
Answers
1
Managers of PLC's have to pay out what to shareholders?
money
pounds
profits
shares
2
A customer is a consumer
always false
always true
never true
sometimes true
3
Which is a typical example of a sole trader?
solicitor
IT consultant
hairdresser
builder
4
Why might an entrepreneur not set up a business?
to have more free time
to keep all the profits
to be their own boss
to earn more money
5
What is a service?
a physical offer by a business
something done for someone else
a tangible product
an intangible product
6
What is a consumer?
someone who buys a product
someone who sells a product
someone who eats a product
someone who uses a product
7
Which is always a characteristic of an entrepreneur?
risk taker
talkative
wealthy
outgoing
8
What do you call the part owners of a PLC?
employer
managers
shareholders
director
9
problems with partnerships include
potential for disagreements
shared debt
hard to close
public accounts
10
What is the agreement signed between partners?
deed of contract
deed of agreement
deed of covenant
deed of partnership
11
In which industry sector would you find a retailer?
quaternary
primary
tertiary
secondary
12
Where can a company but not a partnership raise money from?
shareholders
the bank
the building society
friends and family
13
Someone who sets up a business is called an...
entrepreneur
entrepreneurship individual
enterprising person
employee
14
What does FTSE stand for?
Funding Trade Stock Exchange
Financial Trading Stock Exchange
Funding Traders Stock Exchange
Financial Times Stock Exchange
15
Which of the following is not a factor of production?
land
enterprise
labour
capitalism
16
Which of the following influences is not in the business environment?
environmental
technological
financial
legal
17
Which businesses have to disclose sales and profits?
sole traders
organisations
partnerships
companies
18
Which of the following is true?
you need £50,000 to become a PLC
sole traders have limited liabilty
PLC = private limited company
partnerships are for 2-40 people
19
Which department is responsible for company production?
Finance
Human Resources
Operations
Marketing
20
Where must a business register their company?
with a solicitor
with the tax office
with companies house
with HMRC
