Let's talk business
The owners of a public limited company are the
Shareholders
The main stakeholders of a business are its:
Owners
Which basic styles of leadership does the leader have absolute authority?
Autocratic
If a business wants to pay the wages of each employee electronically, it will use:
Electronic finds transfer
This details the rights and responsibilties of the partners
Partnership agreement/deed
The type of limited liability business that may restrict the right of share transfer is called a:
Private Limited company
The legal obligation of a business to provide safe working conditions is called:
employee relations
We go to work when there is a strike
Strike breakers
If a bank customer wants to pay a regular fixed amount to a trader it would use a:
Standing order
A franchisor receives this from a franchisee
Royalties
The term limited liability means:
shareholders are only liable for the money they invested
In order to recruit a specialist employee a firm must create a:
Job description
Which of the following functions of management gives the subordinate the authority to oversee a task given to them
Delegation
One bank service which allows customers to instruct their bank to meet requests for payment from a named creditor is:
Direct debit
This type of business operates internationally
Multinational
An enterprise that has been taken out of the private sector into the public sector is said to have been:
Nationalised
Those who transform raw materials into produce are best described as:
Producers
Human relation is mainly the responsibility of the:
Employer
The method of payment is not directly related to EFT?
Cheque issue
Shells, cow hide, grains and fish hooks were used as:
Token money
A suitable form of business organisation for a group of lawyers?
Partnership
Identifying new knowledge particularly contributes to:
Product development
An example of a non financial reward would be:
Job satisfaction
This method requires a PIN
Debit card
This type of economy describes the Early Man
Subsistence