BUSINESS
The value remaining after all liabilities have been paid
What effect does Inflation have on money?
Inflation reduces purchasing power, meaning money buys fewer goods and services over time.
What does solvent mean?
A business is solvent when it can pay its debts and meet long-term financial obligations.
Define HOUSE
Where the audience sits to view the play
DEFINE Fly Space
storage space above the stage for large set pieces, backdrops, etc.
List TWO reasons why Companies organize workers into teams
To increase productivity, complete tasks faster, improve problem-solving and encourage collaboration, creativity and boost employee motivation.
What is the difference between advertising and publicity?
Advertising is paid promotion controlled by the business while publicity is free media attention and not controlled by the business.
Easy access to account information is an advantage of what?
DEFINE Quality
the individual sound of your particular voice.
DEFINE Traverse Stage
a theatrical setup where the audience is seated on two opposite sides of the performance space, facing each other with the acting area in between. (Also known as a corridor or alley stage)
motivating and guiding employees. is what function of managment?
Leading
List TWO risks for an inventor if they enter entrepeneurship
Financial loss, risk of being copied, No guaranteed income, High start-up costs.
What stage is the PEAK of sales in the product life cycle?
MATURITY
The diffrence between
stage business vs blocking:
Stage business is small, sometimes unnoticeable, movements or gestures that add to a scene or define character while blocking is the planned movements and groupings of the actors on stage.
DEFINE Proscenium Opening
just like the fourth wall, the opening through which the audience views the play.
What are THREE pros of employee turnover?
New ideas and skills, diversity, Opportunities for innovation and growth, opportunity to improve staff quality.
Diffrence between an invention and an innovation
An invention is something new; an innovation improves an existing product.
THREE advantages of using Credit
instant enjoyment, convenience, Help in an emergency, saving money, credit rating, monthly statement.
DEFINE Giving The Scene
shifting the audience’s attention from one actor to another when one actor crosses downstage and then turns slightly upstage towards the other actor who is now in the dominant position.
DEFINE Stock Character
rapidly recognizable character types, often defined by a single exaggerated trait, which makes them highly functional for comedy or morality plays.
What is the difference between a licensing agreement and a franchise agreement?
Licensing allows use of a product or idea with little control, while franchising follows strict rules set by the parent company.
Can you explain the Canada Credit system and how it's built on trust?
lets people borrow money and pay it back later.
It is built on trust, meaning lenders trust borrowers to repay their debt.
This trust is based on a person’s credit history and credit score, which show how responsibly they pay back money.
Can you be Profitable and not be solvent?
Yes. A business may earn profit but lack enough liquid assets to pay short-term debts.
DEFINE Archetype
universal, recurring patterns of behaviour or personality that tap into humanity’s collective unconscious.
DEFINE Subtext
What your character thinks but does not say.