An entrepreneur is a person who starts their own business – accepting r...s and hoping for a reward.
Revision of Topic One

Quiz
•
Other
•
12th Grade
•
Hard
Lois Slater
Used 5+ times
FREE Resource
26 questions
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1.
FILL IN THE BLANK QUESTION
20 sec • 5 pts
2.
MULTIPLE SELECT QUESTION
20 sec • 1 pt
What is the tertiary industry?
Working with the extraction of raw materials
Making things by manufacturing and construction
ICT and Research Development
Providing a service
3.
FILL IN THE BLANK QUESTION
20 sec • 5 pts
The transformation process describes what happens inside the business. This is were v...e is added to inputs to create outputs.
4.
FILL IN THE BLANK QUESTION
30 sec • 5 pts
Mission statements are different than objectives. A mission statement is a qualitative statement of an organisation’s aims that uses language intended to motivate employees and convince stakeholders of the firms sincerity and commitment. While objectives are specific g...s that provide a path for achieving the vision.
5.
FILL IN THE BLANK QUESTION
20 sec • 5 pts
Goals that must be achieved in order to realise the stated aims of an organisation. Objectives must c.....e down the organisation.
6.
FILL IN THE BLANK QUESTION
20 sec • 5 pts
Some firms set objectives that involve achieving a minimum level of profit, allowing the business and its managers to focus on other o........s
7.
MULTIPLE SELECT QUESTION
20 sec • 1 pt
When can survival become a key issue, even for large businesses?
Times of crisis, such as during a hostile takeover bid
When there is more spending in the economy
Periods of recession or intense competition
When a business is launching a new product
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