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WorksheetsBUM181 Day 6
Total questions: 35
Worksheet time: 1hrs 25mins
Identify the Factors to Consider in the Physical Establishment of a Business.
Availability of Raw Materials
Access to the target market
Transport Infrastructure
Support and Technical Infrastructure
Labour and Skills Availability
When a home based business is established and it grows at a rapid pace, what are the 3 things you need to consider regarding space.
Access for Clients
Government Compliance
Zoning Ordinances
Space Restriction
What even is this subject?
Management skills can be grouped in 3 categories:
Human
Technical
Conceptual
Managerial
Leadership
_ Level Managers should be efficient in all three groups (conceptual, technical and Human)
(a)
_ Level managers has a bigger focus on human skills
(a)
_ level managers have a bigger focus on technical skills.
(a)
Order the management roles in Descending Order based on Level of Responsibility
1. Top
2. Middle
3. Low
4. Employees
Simply write the numbers with no spaces
ex. 1324
(a)
Order the management roles in Ascending Order based on Organizational Focus
1. Top
2. Middle
3. Low
4. Employees
Simply write the numbers with no spaces
ex. 1324
(a)
What two requirements are needed according to the Companies Act of 1973.
Name should be reserved
Companies Constitution should be approved
Licensing Documents
I will get 100% for Friday's summative. I am the best! Plays simply the best song in head*
What is your lecturer's part time job? [5 Marks]
Only Fans
Pastor
Professional Gamer
High School Teacher
Online Gambling Business
Other Contractual Arrangements can also be called (a) (Two Words)
When it comes to claiming a company name that you created for your business, how would you ensure that nobody else uses the name? Type the abbreviation or the word.
(a)
a Franchisor provides the franchisee with a package to smoothly start the business from the ground up.
True
False
How much wood would a woodchuck chuck if a woodchuck could chuck wood?
700 Pounds
As much wood as a woodchuck could chuck, If a woodchuck could chuck wood
Yes
This is not business -_-
Agencies are third parties that makes sure all legal arrangements are up to date on behalf of an organization
True
False
What is an Agency?!
I think I'm in the wrong class?!
When a business is established, the entrepreneur must attend to a plethora of issues. What is a plethora?
a large or excessive amount of something.
A dog
A Cat
a small or sub-divided amount of something.
Which 3 of these would be considered as a valid contract between partners in a business?
Written Letter
Discussion
Assuming the partner knows
When a partner is sequestrated the partnership is terminated. What is the definition of sequestration?
An Entrepreneurial venture sets 4 strategic objectives. Identify which two are correct
Growth Targets
Market Crashes
Market Share
Marketing Strategy
With _ growth, the entrepreneur brings new resources together in an innovative combination to create new value
(a)
_ Integration is another growth strategy where a venture acquires a form that is either above or below it in the supply chain
(a)
You just got a franchise. May the franchisor end the franchisee contract at any time?
Yes
No
Financial History must be kept by all organizations with easily accessible information of how many years?
(a)
Accounts Receivable and Accounts Payable should be subdivided in to parts of 30 day segments? Ex. 30 days, 60 days, 90 days.
True
False
If you send a offensive meme on an office Whatsapp group. Who would you be sent to?
The meme was so funny that even HR wants to hear it.
Management
Communication Management
Person Management
Government sells in the free market too.
True
False
A company needs to register their non-profit status at which institution?
SARS
Companies and Intellectual Property Commission
Property and Intellectual Companies Commission
The Government
You can register an NPO as the following Standard Non Profit Company (with Members)
Who do these members consist of?
Customers value arises from three categories:
Unique Product
Low Priced
Quick response to customers Needs
Quick Response to customers wants.
A (a) (Two Words) is a set of activities that a firm operating in a specific industry performs in order to deliver a valuable product for the market.
Changes in the market and macro environment give rise either to opportunities or threats.
What is the difference between an opportunity and threat in a market environment?
The Micro Environment can also be called the task environment?
True
False
Do you want another mock test on Thursday?
Yes
No
I don't need this subject. I don't care if I fail
The South African Foreign Trade Organization (SAFTO) protects the interest of organizations and branches of industry.
True
False
Where do you see yourself in 5 years?
