Business Studies Gr11 Revision Quiz

Challenge of the macro environment:

• Difficult employees

• Lack of vision and mission

• Changes in consumer behaviour

• Political changes

... lending refers to granting small loans to people who cannot get credit from banks.

• Micro

• Market

• Macro

• Primary

Intermediaries operate in the ... sector of the economy.

• market

• primary

• secondary

• tertiary

Business … is often defined as managing the triple bottom line.

• success

• sustainability

• profitability

• productivity

A partnership has …

• limited liability and limited continuity.

• unlimited liability and unlimited continuity.

• limited liability and unlimited continuity.

• unlimited liability and limited continuity.

An advantage of using own funds as a source of funding for a business:

• No interest is paid on the funds

• Low interest is paid on the funds

• Low interest can be negotiated

• No interest is paid in the first year

The ... Act stipulates the rights of employees and employers and allows for collective bargaining in the workplace.

• Basic Conditions of Employment

• Employment Equity

• Labour Relations

• Compensation for Occupational Injuries and Diseases

... is the calculation to see how many units a business must sell before a profit is made.

• Profit

• Total Cost

• Cost per unit

• Break even analysis

An … takes place when one business buys another business.

… are loans used to finance the purchase of property.