Business Studies Quiz4

What is the definition of Equity?

• The area of a business's operation that considers how money is raised

• The necessary ingredients for a business to operate

• An accounting value showing the total value that a business is worth

• The money that is necessary to start and run a business

What are the Factors of production?

• The necessary ingredients for a business to operate

• The area of a business's operation that considers how money is raised

• An accounting value showing the total value that a business is worth

• The money that is necessary to start and run a business

What is the definition of Finance?

• An accounting value showing the total value that a business is worth

• The money that is necessary to start and run a business

• The area of a business's operation that considers how money is raised

• The necessary ingredients for a business to operate

What are Financial methods of motivation?

• Accounts produced by a business to show its financial performance

• Business costs that do not vary with output

• Where an employee is rewarded through money

• Quantifiable targets for a business including profit, sales and costs

What are Financial objectives?

• Business costs that do not vary with output

• Accounts produced by a business to show its financial performance

• Where an employee is rewarded through money

• Quantifiable targets for a business including profit, sales and costs

What are Financial statements?

• Accounts produced by a business to show its financial performance

• Quantifiable targets for a business including profit, sales and costs

• Where an employee is rewarded through money

• Business costs that do not vary with output

What are Fixed costs?

• The area of a business's operation that considers how money is raised

• Where an employee is rewarded through money

• The necessary ingredients for a business to operate

• Business costs that do not vary with output

What is the Flat organisational structure?

• Where the organisational structure of a business has few layers, short chains of command and wide spans of control

• In depth market research where discussions take place with a group of potential or actual consumers

• Method of production associated with making very large quantities of standard products

• An opportunity for a business to provide a good or service that is not currently available

What is Flow production?

• Method of production associated with making very large quantities of standard products

• An opportunity for a business to provide a good or service that is not currently available

• In depth market research where discussions take place with a group of potential or actual consumers

• Where the organisational structure of a business has few layers, short chains of command and wide spans of control

What is a Focus group?

• An opportunity for a business to provide a good or service that is not currently available

• Where the organisational structure of a business has few layers, short chains of command and wide spans of control

• In depth market research where discussions take place with a group of potential or actual consumers

• Method of production associated with making very large quantities of standard products