Write True or False after each of these statements (3). Sentence True or False 1 Batch production is used when making a single, one off, unique product 2 In a Hire Purchase agreement ownership of the good transfers to the buyer when the first instalment is made 3 A Cash Flow deficit can be addressed by negotiating a shorter period of credit with debtors 4 A sole trader is an ownership structure that benefits from limited liability 5 When a company’s equity capital is greater than its debt capital it has low gearing Column 1 is a list of business terms. Column 2 is a list of possible explanations for these business terms. (One explanation does not refer to any of the business terms (2). Column 1 Business Column 2 Explanations – – 1. Stakeholder A. A acting beyond its legal powers. 2. Ultra Vires B. A quick, inexpensive way for dealing with consumer complaints. 3. Lobbying C. The manner in which a contract is drawn up. 4. Legality of Form D. A party that can affect or be affected by business decisions. 5. Labour Court E. Using an organised campaign in influence a decision maker. F. Establishes Labour Committees. 1 2 3 4 5 In the context of business, what do the following letters for? Write your answers in the spaces provided (2). R &D PLC IBEC EGM DIRT Column 1 is a list of business terms. Column 2 is a list of possible explanations for these business terms. (One explanation does not refer to any of the business terms (0). Column 1 Business Terms Column 2 Explanations – – 1. European Parliament A. Draws up proposals for new EU law. 2. European Commission B. Most important decision-making body in the EU. 3. European Court of Justice C. Ensures the EU budget is spent efficiently. 4. Court of Auditors D. Is responsible for ensuring the correct interpretation of EU laws by member states. 5. Council of Ministers E. Is responsible for managing the euro currency. F. Directly elected by EU citizens. 1 2 3 4 5
Write True or False after each of these statements (3). Sentence True or False 1 Batch production is used when making a single, one off, unique product 2 In a Hire Purchase agreement ownership of the good transfers to the buyer when the first instalment is made 3 A Cash Flow deficit can be addressed by negotiating a shorter period of credit with debtors 4 A sole trader is an ownership structure that benefits from limited liability 5 When a company’s equity capital is greater than its debt capital it has low gearing Column 1 is a list of business terms. Column 2 is a list of possible explanations for these business terms. (One explanation does not refer to any of the business terms (2). Column 1 – Business Column 2 – Explanations 1. Stakeholder A. A acting beyond its legal powers. 2. Ultra Vires B. A quick, inexpensive way for dealing with consumer complaints. 3. Lobbying C. The manner in which a contract is drawn up. 4. Legality of Form D. A party that can affect or be affected by business decisions. 5. Labour Court E. Using an organised campaign in influence a decision maker. F. Establishes Labour Committees. 1 2 3 4 5 In the context of business, what do the following letters for? Write your answers in the spaces provided (2). R &D PLC IBEC EGM DIRT Column 1 is a list of business terms. Column 2 is a list of possible explanations for these business terms. (One explanation does not refer to any of the business terms (0). Column 1 – Business Terms Column 2 – Explanations 1. European Parliament A. Draws up proposals for new EU law. 2. European Commission B. Most important decision-making body in the EU. 3. European Court of Justice C. Ensures the EU budget is spent efficiently. 4. Court of Auditors D. Is responsible for ensuring the correct interpretation of EU laws by member states. 5. Council of Ministers E. Is responsible for managing the euro currency. F. Directly elected by EU citizens. 1 2 3 4 5
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