Year 10 Business: Foundations of Business Flashcard

Year 10 Business: Foundations of Business Flashcard

Assessment

Flashcard

Social Studies

10th Grade

Hard

Created by

Julie Fielke

FREE Resource

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11 questions

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1.

FLASHCARD QUESTION

Front

Any business that is owned and controlled by one person is called what?

Back

Sole Trader

2.

FLASHCARD QUESTION

Front

The main objective of a business is to use its resources and engage in activities designed to increase _______.

Back

profits

3.

FLASHCARD QUESTION

Front

The role of the business function 'finance' is to?

Back

Handle the business-related aspects like funding, budgets, accounting and governance.

4.

FLASHCARD QUESTION

Front

The internal environment of a business refers to what?

Back

Owners, management, employees, organisational culture, organisational structure.

5.

FLASHCARD QUESTION

Front

The four main functions of business include?

Back

Operations, Human Resources, Marketing and Finance.

6.

FLASHCARD QUESTION

Front

When entering a partnership, partners should have a partnership _________

Back

agreement

7.

FLASHCARD QUESTION

Front

Goods are ________ items that we can touch.

Back

tangible

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