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WorksheetsBUSINESS STUDIES YEAR 8
Total questions: 40
Worksheet time: 24mins
Refusing service to someone for any acceptable reason, right or Responsibility
Right
Responsibility
Being respectful in a store, right or responsibility
Right
Responsibility
what are the causes of poverty?
corruption
world hunger
Lack of access to education
all the above
How can the poverty be addressed?
Create jobs
raise a minimum wage
Establish work schedules that work
All of the above
Which places that are most affected by the poverty?
Rulal areas
Surbubs
Urban areas
Township
Short-term insurance against a possible event
insured event
assurance
insurance
long-term insurance against a certain event
assurance
insurance
insured event
life cover
A personal pension plan which aims to create wealth for retirement.
Life Insurance
Retirement Annuities (RA)
Unemployment Insurance Fund (UIF)
Insurance of life of a human being (that cannot be replaced)
Unemployment insurance fund
Life Insurance
Road Accident Fund (RAF)
Persons who want to insure their assets / life
Insurer
Premium
Insured
who will take over specified risks from persons to indemnify them if the persons pay premiums.
Insurer
insured
Insured value
Amount of money to be paid monthly / annually by the insured to the insurer for indemnification
insured
insurance amount
Premium
insurer
papers issued by the insurer to the insured which includes all the stipulations of the contract
Insurance contract
contract
premium contract
Items that can be seen and touched are known as...
Goods
Services
People who are part owners of a company are known as...
Stakeholders
Shareholders
Customers
People
Someone who starts, operates and assumes the risk of a business is known as an...
Investor
Interest person
Entrepreneur
Business inventor
A business with less than 20 employees can be classified as a...
Small business
Medium business
Large business
extra small business
Owned and operated by one person.
Partnership
Private Company
Sole Trader
Pubilc Company
Capital is defined as
The amount of money/assets the owner invests into the business
The first letter of a sentence
The money the owner withdraws from the business
The shareholders of this type of business ownership (often family members) can be employed by the company.
Public Company
Partnership
Private Company
The owners agree on how they will divide profits/losses and work load.
Sole Trader
Private Company
Partnership
Public Company
How many economic sectors are there?
0
4
3
Which of these examples is a service?
Mr. Farr sells guitars.
Mr. Swenson gives art supplies to consumers.
Coach provides lessons for different sports.
Ms. Miller writes books.
The activity of making money by producing or buying and selling products...
Economics
Business
Market
Profit
Someone who takes on the risk of starting their own business after seeing an opportunity or having an idea for a new business is...
a shareholder
an entrepreneur
a sole trader
an economist
- best answer
