Bartering
The process of attaining goods or services without a medium of exchange
What is Bartering
A report that investigates whether a new business idea is worthwhile
What is a Feasiblity Study?
Disagreement/Clash of two parties on different perspectives
What is Conflict
Couldnt come up with a question (womp womp)
-100
Series of practical steps which when followed will make the buisness a reality
What is Planning
Is this an Advantage or Disadvantage: does not allow for wealth to be stored
What is Disadvantage
What is 18x12?
216
Leads to constructive and positive outcome
What is positive conflict
What are the Characteristics of a Simple Contract
What is Offer and Acceptance, Consideration, Competence of botj parties, Intention of making a legal relation.
How to raise money. From whom and amount needed
What is Accessing Funds.
-300
The showing of enterprise skills of vision and creativity when taking risk to setup new business venture
What is Entrepreneurship
Happens within an organization
What is Internal Conclifct
A situation where the offeree agrees to the terms and conditions set out by the offeror in the contract.
What is Acceptance
What characteristic of an entrepreneur is working hard amd long to ensure success
What is Persevering
Is this an Advantage or Disadvantage: Cannot work without double coincidence of wants
What is a Disadvantage
What are the Factors of Production?
What is Land, Labour, Capital and Enterprise
Leads to less meaningful outcome
When the rights of a contract and its obligations of the parties under the contract no longer apply. What is this called
What is a discharge (termination) of contract
What characteristic of an entrepreneur is the ability to make changes
What is Flexible
"I have to want what you have to offer and you have to want what I have to offer"
What is double coincidence
What is the term for when an employer closes down part or all of an organization, or suspends the employment of some or all of the workforce, until the workers come back to work on the employers terms?
What is a Lockout?
What are the 5 strategies to resolving conflict within an organization
What is Accommodation, Competing, Avoiding, Compromise and Collaboration
What are the concepts of insurance?
What is Pooling of risks, Insurable Intrest, Indemnity, Subrogation, Utmost Good Faith, Contribution, Proximate Cause.
What Function of an entrepreneur is: Type of product/size of buisness/customers/name
What is Conceptualizing