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WorksheetsForm 4 POB Review - Term II
Total questions: 10
Worksheet time: 4mins
An ADVANTAGE of being a Sole Trader is
the business is easy to set up
the owner has unlimited liability
Pizza Hut is an example of a
partnership
franchise
A good way to describe BARTER is
bargaining for quality goods at cheaper prices
the exchange of goods for goods
Characteristics of a good leader are :
(select all that apply)
being flexible
willing to take risks
never being biased
making all decisions by himself
A Democratic leader
includes workers in the decision-making process
does NOT include workers in the decision-making process
A MIXED economy is one which consists of
more than one political party
both public and private enterprise
Examples of Collateral are:
(select all that apply)
jewelry
clothes
vehicles
land
The 4 major Functional Areas (departments) of a business are:
Production, Personnel (Human Resources), Marketing and F (a)
The first step in establishing a business is
Conceptualization
Looking for workers
Writing a Business Plan
The functions of management are:
(select all that apply)
planning
organizing
motivating
striking
