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Business key questions to revise
43問 • 1年前
  • Isadora SoutoAguiar
  • 通報

    問題一覧

  • 1

    what is a flat structure?

    a company structure containing a few levels

  • 2

    What is a Hierarchical/ tall structure?

    a pyramid-shaped structure with many levels

  • 3

    What is a Centralised structure?

    a structure where decision making is kept at the top of the hierarchy

  • 4

    What is a Decentralised structure?

    a structure where decision making is more spread out and filtered down the hierarchy

  • 5

    What is a matrix structure?

    where employees are grouped by function and product/project

  • 6

    What is span of control?

    The number of subordinates a supervisor manages

  • 7

    What is accountability?

    The responsibility that someone has for their actions that are carried out

  • 8

    What is fixed cost?

    Costs that have to be paid even if the business sells nothing e.g rent, advertising, insurence, office salaries

  • 9

    What is variable cost?

    Costs that change with the level of output e.g. raw materials, packaging costs

  • 10

    How do you calculate revenue?

    Revenue= Selling price x quantity sold

  • 11

    How to calculate profit?

    Profit= revenue- total cost

  • 12

    How do you calculate total variable cost?

    Total variable cost = variable cost per unit x quantity

  • 13

    How do you calculate Fixed cost?

    Fixed cost = Fixed cost + variable cost

  • 14

    How do you calculate Total cost?

    Total cost= FC + VC

  • 15

    How do you calculate break even?

    Break even= Fixed cost/ SP- VC

  • 16

    How do you calcule the gross profit?

    Gross profit= Revenue - cost of goods sold

  • 17

    How do you calculate Operating profit?

    Operating profit= Gross profit- operating expenses

  • 18

    How do you calculate Net profit?

    Net profit= operating profit - non-operating expenses

  • 19

    What is inflation?

    increase in prices of goods and services and the fall of the purchasing power

  • 20

    What is interest rate?

    The cost of borrowing money

  • 21

    What is non-current assets?

    An asset that is owned for more than 1 year and it depriciates.

  • 22

    What is current assets?

    An asset that is owned for less than 1 year e.g. stock, cash, trade receivables

  • 23

    What is current liabilities ?

    A debt that must be repaid within 1 year e.g. bank overdraft, trade payables

  • 24

    What is non-current liabilities ?

    Long term debt that will take more than 1 year to repay e.g. bank loan or mortgage

  • 25

    What is drawings?

    When the owner takes goods/cash out of the business for personal use

  • 26

    What is capital?

    All the assets and cash a business has

  • 27

    What is income statement?

    Calculates the profit/ loss made by a business in the last 12 months

  • 28

    What is a balance sheet?

    Shows what the business has spent money on and where the money invested has come from.

  • 29

    What are the four phases of the economic cycle?

    Boom, Recession, Recovery, Slump

  • 30

    What is taxation?

    When the government collects money from businesses and individuals

  • 31

    What is fiscal policy?

    When the government adjust taxes to influence economy

  • 32

    What is an internal stakeholder ?

    A person within an organization who has an interest in a business

  • 33

    What is an external stakeholder?

    A person from outside an organization who has an interest in it doing well

  • 34

    what does SWOT stands for?

    strenghts, weaknesses, opportunities, threats

  • 35

    What is a source of finance ?

    Where the business get the money from to fund their business activities.

  • 36

    what is an Internal sources of finance

    Internal sources of finance refer to money that comes from within a business.

  • 37

    What is an External sources of finance?

    External sources of finance refer to money that comes from outside a business. 

  • 38

    What type of source of finance are those: Family and friends. external or internal?

    External

  • 39

    What type of source of finance is bank loan? External or Internal?

    External

  • 40

    What type of source of finance is owners capital? External or internal?

    Internal

  • 41

    What type of source of finance is Retained profit? External or Internal?

    Internal

  • 42

    What type of source of finance is Selling assets? External or Internal?

    Internal

  • 43

    What type of source of finance is overdraft? External or Internal?

    External

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    問題一覧

  • 1

    what is a flat structure?

    a company structure containing a few levels

  • 2

    What is a Hierarchical/ tall structure?

    a pyramid-shaped structure with many levels

  • 3

    What is a Centralised structure?

    a structure where decision making is kept at the top of the hierarchy

  • 4

    What is a Decentralised structure?

    a structure where decision making is more spread out and filtered down the hierarchy

  • 5

    What is a matrix structure?

    where employees are grouped by function and product/project

  • 6

    What is span of control?

    The number of subordinates a supervisor manages

  • 7

    What is accountability?

    The responsibility that someone has for their actions that are carried out

  • 8

    What is fixed cost?

    Costs that have to be paid even if the business sells nothing e.g rent, advertising, insurence, office salaries

  • 9

    What is variable cost?

    Costs that change with the level of output e.g. raw materials, packaging costs

  • 10

    How do you calculate revenue?

    Revenue= Selling price x quantity sold

  • 11

    How to calculate profit?

    Profit= revenue- total cost

  • 12

    How do you calculate total variable cost?

    Total variable cost = variable cost per unit x quantity

  • 13

    How do you calculate Fixed cost?

    Fixed cost = Fixed cost + variable cost

  • 14

    How do you calculate Total cost?

    Total cost= FC + VC

  • 15

    How do you calculate break even?

    Break even= Fixed cost/ SP- VC

  • 16

    How do you calcule the gross profit?

    Gross profit= Revenue - cost of goods sold

  • 17

    How do you calculate Operating profit?

    Operating profit= Gross profit- operating expenses

  • 18

    How do you calculate Net profit?

    Net profit= operating profit - non-operating expenses

  • 19

    What is inflation?

    increase in prices of goods and services and the fall of the purchasing power

  • 20

    What is interest rate?

    The cost of borrowing money

  • 21

    What is non-current assets?

    An asset that is owned for more than 1 year and it depriciates.

  • 22

    What is current assets?

    An asset that is owned for less than 1 year e.g. stock, cash, trade receivables

  • 23

    What is current liabilities ?

    A debt that must be repaid within 1 year e.g. bank overdraft, trade payables

  • 24

    What is non-current liabilities ?

    Long term debt that will take more than 1 year to repay e.g. bank loan or mortgage

  • 25

    What is drawings?

    When the owner takes goods/cash out of the business for personal use

  • 26

    What is capital?

    All the assets and cash a business has

  • 27

    What is income statement?

    Calculates the profit/ loss made by a business in the last 12 months

  • 28

    What is a balance sheet?

    Shows what the business has spent money on and where the money invested has come from.

  • 29

    What are the four phases of the economic cycle?

    Boom, Recession, Recovery, Slump

  • 30

    What is taxation?

    When the government collects money from businesses and individuals

  • 31

    What is fiscal policy?

    When the government adjust taxes to influence economy

  • 32

    What is an internal stakeholder ?

    A person within an organization who has an interest in a business

  • 33

    What is an external stakeholder?

    A person from outside an organization who has an interest in it doing well

  • 34

    what does SWOT stands for?

    strenghts, weaknesses, opportunities, threats

  • 35

    What is a source of finance ?

    Where the business get the money from to fund their business activities.

  • 36

    what is an Internal sources of finance

    Internal sources of finance refer to money that comes from within a business.

  • 37

    What is an External sources of finance?

    External sources of finance refer to money that comes from outside a business. 

  • 38

    What type of source of finance are those: Family and friends. external or internal?

    External

  • 39

    What type of source of finance is bank loan? External or Internal?

    External

  • 40

    What type of source of finance is owners capital? External or internal?

    Internal

  • 41

    What type of source of finance is Retained profit? External or Internal?

    Internal

  • 42

    What type of source of finance is Selling assets? External or Internal?

    Internal

  • 43

    What type of source of finance is overdraft? External or Internal?

    External