2nd Year Business Studies Assessment

Which is not an example of hardware?

• keyboards

• monitors

• speakers

• database

Which is NOT an example of software?

• google slides

• printers

• presentation programs

• word processing

Which is social concern of technology?

• Displaced or unemployed workers

• health concerns

• piracy

• privacy issues

• All of the above

To save time & money on creating prototypes an engineer would use ______ to create product styles and designs.

• AI (Artificial Intelligence)

• CAD (Computer Aided Design)

• Telecommuting

• CAI (Computer Assisted Instruction)

Which does PLC at the end of a company's name stand for?

• Private limited company

• Public limited company

• Public limited corporation

• Privately legislated company

Apple Inc. sells their products all over the world, this makes them a ______________ business.

• Domestic

• Public

• Finance

• Global

Unlimited liabilty means...

• that you only lose what you invest in the business if it fails

• that you are responsible for all business debts if the business fails, you could even lose personal possessions

Who owns and controls a private limited company?

• The shareholders

• The managers

• The employees

What is a business plan?

• Written document that only outlines the business practices of the new business.

• Written document that describes the financial aspects of the business.

• Written document that only describes the ownership of the business.

• Written document that describes all the steps necessary for opening and operating a successful business.

Why do you need a business plan?

• To explain your idea

• the ability to get financing.

• it's a road map that sets objectives and goals for the business.

• To help reduce the risk of business failure.

• All of the above.