Business Term 1 Year 11

A Sole Trader is operated by how many people?

There are how many areas in Business Management?

Tertiary industry provides a service

How many internal influences are there?

What are the 4 main elements of the life cycle...IN ORDER

Steve Jobs was great at which skill?

The environment and society can play an important part in how a business is perceived?

An unsecured creditor may not get anything if a business is in liquidation. 

Another name for the establishment stage

A business decides to expand on its current product range to help retain customers

What would be the main reason someone goes into business?

A shareholder is a type of stakeholder

Coco-Cola has introduced a sugar reduced drink, due to a survey of their customers

Renewal, Decline and Steady State are all areas of which life cycle stage?

An example of a local business

What are the factors influencing legal structure?

People skills, communication skills and problem solving are all important for who?

What is another word for business profit?

A retail business is not influenced by location factors

How many external influences are there to businesses?

Bankruptcy is a declaration that a business can what?

A goal of the growth stage

Involuntary cessation has what key factor

If a business has over 200 employees, it is classified at what?

A company director can not be jailed for the failure of a business.

Quinary industry involves the transfer and processing of information and knowledge

The contemporary definition of management does not include working with employees 

A businesses culture is easy to change when new management comes in.

What was the name of the first topic covered in year 11?

The process that converts assets to cash is called what?

When a company is having financial difficulties, what is the first step?

A business decided to upgrade their factory with brand new machines

Effective management should follow which acronym?

Woolworths have dropped some of their prices since to Aldi moved to town

Businesses in post maturity can be broken up into how many areas?

If a liquidator can not pay their own costs, do they have to do anything?

Employees are the most important type of stakeholder a business has?

The maturity stage is where a business flattens out the life cycle curve?

Can a liquidator force a shareholder to pay any unpaid shares?

Unlimited liability means the business has its own identity? 

What does SME stand for?

A stakeholder and a shareholder means the exact same thing

Is it possible for a manager to settle disagreements between stakeholders?

What is the second topic we have started to cover in Year 11?

Have you enjoyed Business this term?

How many ways can you classify a business?

Sole Trader and Partnership have unlimited liability

After a liquidators fee is paid, who gets paid first?