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WorksheetsBusiness, commercial and financial awareness.
Total questions: 20
Worksheet time: 10mins
A customer owes your company money. What is the term for that customer?
Director
Creditor
Shareholder
Debtor
Your company keeps some money back from its turnover to save for futire use. What is this called?
Profit
Capitol
Dividend
Revenue
A customer lives two miles from your company headquarters, what type of customer are they?
Local
National
Distant
International
The acronym TIMWOOD is used to describe ways of avoiding what?
Staff Costs
Debt
Tax
Waste
In the acronym TIMWOOD, the W stands for what?
Wanting
Waiting
Worst
Waste
R&D stands for?
Research and development
Research and design
Realisation and design
Realisation and development
BMW make automobiles. Which of these companies is a main competitor in the automobile market?
Boeing
Audi
Airbus
Lego
Which of these is a definition of 'demand' from the phrase 'supply and demand'?
How much of a product is wanted
How much a product is wasted
How much a product is available
How much a product costs to make
A legal term for someone mentioned in a contract is a
Consignee
Party
Trader
Trainer
A company is seeking a new supplier of drive belts. They could put this out for what?
Total option
Testing
Trade
Tender
What is the formal term for the numbered paragraphs in a contract?
Clips
Clauses
Parts
Sections
A customer buys a new vacuum cleaner. The manufacturer promises to repair or replace it if it goes wrong in the first three years. What is this usually called?
A warranty
A word of honour
A credit
A delivery note
A contract can have a clause identifying force majeure. Which of the following is an example of force majeure?
A customer refusing to pay for goods
An earthquake disrupting business activities
A workforce shortage disrupting business activities
The customer no longer wanting the product
A code of conduct is a document is a document presented to a new employee that requires them to adhere to a set of ethical standards and policies while working for the organisation. TRUE or FALSE
True
False
A company can be small when it first sets up business. What is such a business sometimes called?
A start-up
A PLC
An establishment
A not-for-profit
Companies can plan projects and activities by using charts and tools. What is an example of this?
A Gibson diagram
A circuit diagram
A Gantt chart
A break-even chart
CEO stands for?
Chief engineering officer
Casting executive officer
Credit elective officer
Chief executive officer
A full-time employee of a company is best described as?
Someone who works for the company for a large number of hours all week
Someone who works for the company for half the week
Someone who works for the company on a short-term contract
Someone who works flexibly
A customer pays for a product a bit at a time. This is called paying by what?
Installations
Instalmemts
Instilments
Incomings
Break-even is when what happens?
A company can afford sick pay
All employees get paid
Income equals outgoings
A company sells all its stock
