DEFINITIONS & TERMS
THEORY
FORMULAS
SCENARIOS
Finance
100
What is a sole trader?
A sole trader is a business is owned by one person.
100
Father of Scientific Management
Federick Taylor
100
How do you calculate liquidity?
Current Assets/ Current Liabilities
100
Bob wants to start his own business, what source of finance could assist him?
venture capitalist
100
what is IDB?
inter-american development bank.
200
What is a quaternary industry?
These are intellectual knowledge based industries.
200
Father of Modern Management
Henri Fayol
200
What ratio is used to get return on capital?
Operating Profit/Total Capital Employed* 100
200
Larry buys goods from a wholesaler and resells it, what type of industry he is involved in?
Tertiary Sector
200
If a caribbean country has experienced a natural disaster, where can they seek finance?
Caribbean Development Bank
300
What is job enrichment?
Involves the process of increasing the range of tasks and and challenges of an employee
300
Abraham Maslow
300
How is the payback period calculated?
Amount required/ Net Cash Flow per yr* 100
300
Sally's bank account went into temporary debt allowance
bank overdraft
300
The IDB was estalished in ____. It provides _________to assist countries.
1959, loans
400
Cost Push Inflation
The increase in price levels due to the increase in the cost of production.
400
Henri Fayol function of Management
Planning,Organising,Commanding,etc...
400
What is Gearing Ratio?
Measures the level of external borrowing that a company has against the capital employed.
400
George required a _____ _____ to use another business' trademark.
Franchise license
400
The world bank was established in ____.
1944
500
What are the stages of team development?
Forming, storming, norming, performing, adjourning
500
Characteristics of Bureaucracy
Division of Labour, Formal Selection, Career Orientation
500
amount required/ net cash flow per year X 12
what formula this represents?
Payback period
500
A third party is asked to sit on the discussion between both parties and offers a solution, this stage is called?
Conciliation
500
What institution is sub-divided into the IBRD and IDA?
the world bank