Business Organization
HRM
Finance
Marketing
Ehhh Math
What's that equation
100

Which business function is involved with handling money/funds, making payments and preparing income statements, balance sheets and cash flow statements?

What is finance and accounts?
100
What is the document that details the skills, work experience, qualifications and characteristics of the ideal candidate for a particular job called?
What is a resume?
100
Retained profits is an example of this type of source of finance
What is internal?
100
The four Ps of marketing
What is product, place, price and promotion?
100
If fixed costs are $200,000 and variable cost associated with producing 80,000 shoes is $640,000, what is the average cost (per shoe)?
What is $10.50?
100
Total Revenue - Total Costs =
What is profit?
200
What does the acronym SWOT stand for?
What is strengths, weaknesses, opportunities and threats?
200
What is the passing on of authority and decision-making power to others called?
What is delegation?
200
What is a financial statement illustrating a firm's results from it trading activities over a period of time called?
What is an income statement?
200
The proportion of the total sales revenue of an industry owned by a single firm
What is market share?
200
If an industry's total sales revenue is recorded at $325 million in 2016, and a firm holds 7% market share, what is its annual revenues in 2016?
What is $22.75 million?
200
Fixed cost + Variable cost =
What is total cost?
300

The public sector is owned and controlled by...

What is shareholders?
300
The process of formally evaluating an employee's performance against a job description
What is appraisal?
300
This is a sum of money given by the government to firms that they do not have to be paid back
What is a grant?
300
A feature that separates a brand from its competitors
What is unique selling point? or What is USP?
300

If an industry's total sales revenue is recorded at $7875 million in 2016, and the market leader firm recorded sales of $2035 million, what is its market share?

What is 25.84%?
300
Sales - Cost of goods sold =
What is gross profit?
400
Fishing is an example of what sector of business?
What is the primary sector?
400
A leader who sees enployees as family members is called...
What is a paternalistic leader?
400
The term that describes how quickly an asset can be turned into cash
What is liquidity?
400
A firm who focuses on meeting the needs and wants of consumers taking an outward approach to marketing
What is market oriented?
400
A cars salesperson earns a fixed monthly salary of $1,000 and a commission of 5% of the selling price of each car sold. If a salesman sells cars worth $145,000 in a month, what is his/her total compensation for the month?
What is $8,250?
400

(Gross Profit/Sales Revenue)  x 100

What is gross profit margin?
500

Money is an example of which of the factors of production?

What is capital?
500
A set of tests that assesses a candidates's verbal, logical, numerical reasoning and general knowledge
What is an intelligence test?
500
The fixed cost of rent can also be classified as this type of cost
What is an indirect cost?
500
A group of consumers with similar requirements and characteristics is referred to as
What is market segment?
500
If fixed costs are $200,000 and the average variable cost per shoe is $8, what is he total profit that would be earned if the average selling price per shoe was $30, and 80,000 shoes are sold?
What is $1,560,000?
500
Current assets - Current liabilities =
What is working capital?
600

This term refers to lower average costs of production as a firm operates on a larger scale due to gains in productive efficiency, e.g. easier and cheaper access to finance.

What is a economies of scale?
600
Who came up with the idea of a differentiated piece rate wage system to motivate workers?
Who is Taylor? or What is Taylor's Theory?
600
In a cash flow forecast, the closing balance of June becomes the __________ of July
What is opening balance?
600
Viral marketing is an example of
What is below-the-line promotion?
600
Assume a firm has total costs of $2,500,000 per year. Fixed costs are $300,000. 200,000 units of output are produced in the year. What is the firm's variable cost per unit?


What is $11.00?

600
Assets - Liabilities = 
What is owners' equity?
700
Trade policies, like tariffs, are en example of which type of external factor? (hint: STEEPLE)
What is political factor? 
700

When the majority of decision making is done by a very small number of people (usually the senior management team) who hold decision making authority and responsibility.

What is centralized?
700

In a balance sheet what would share capital be classified as?

What is shareholder's equity?
700
When a television reporter interviews people walking nearby, this is an example of ________ sampling
What is convenience?
700
A shoe manufacturer faces fixed costs of $30,000 per month. Variable costs per shoe is $15, and selling price of $40. What is the breakeven point?
What is 1200 shoes?
700
loan capital + share capital + retained profit = 
What is capital employed?
800
This is firm's concise and inspiring affirmation of its purpose, thereby guiding what it does
What is mission statement?
800
Which motivational theorist came up with the terms "hygiene/maintenance factors" and "motivators"?
Who is Herzberg?
800
What is the money available to pay for day to day operational cost called?
What is working capital?
800
A visual representation depicting how customers perceive a brand relative to others
What is position map?
800
A game console manufacturer has fixed costs of $61,200 per month. Variable costs per unit equal $195. The consoles sell for $399 each. Assuming they sold 235 unit this month, what is the margin of safety?
What is -65?
800

(fixed cost)/(p-avc)

What is breakeven quantity?
900

an analytical tool to devise various product and market growth strategies, depending on whether businesses want to market new or existing products in either new or existing markets.


What is Ansoff Matrix?
900

Refers to Charles Handy’s model that organizations are increasingly made up of core staff who are supported by peripheral workers, consultants and outsourced staff and contractors.


What is a Shamrock Organization?
900
The time required for an investment to earn enough profit to cover the initial investment cost
What is payback period?
900
A product portfolio analysis tool
What is BCG matrix?
900

zAssume a firm pays rent of $24,000 per year, management salaries of $185,000 per year and incurs other fixed costs of $45,000. Their output has a variable cost of $22 per unit, and their selling price is $28. If the firm sells 9,500 units of output for the year what is the profit or loss they have made?

What is $197,000 loss?

900
(Current assets - Stock)/Current liabilities
What is acid test? or What is quick ratio?
1000
Small, low interest loans may be provided to low-income individuals who would not otherwise have access to funds from traditional lenders like banks.
What is microfinance?
1000
First suggested that employees should receive a renumeration in line with their efforts contributed
Who is Adams?
1000
When a firm sells its accounts receivable at a discount 
What is debt factoring?
1000
eBay is an example of what type of e-commerce platform
What is consumer to consumer? or What is C2C?
1000
If a firm has $7,589 in cash and $17,833 worth of stock on hand, and $14,751 in current liabilities due to suppliers, what is the current ratio?
What is 1.74?
1000
Selling price - average variable cost per unit = 
What is contribution?
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