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Buisness Studies > Business studies > Flashcards

Business studies Flashcards

1
Q

What can u do about coping with stress?

A 
Talk to someone about it/ share with someone 
Write it down in a journal or diary
Shrug it off 
Resolve it 
Get a hobby
Exercise 
And laugh
Practise 2 relax
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2
Q

Handling conflict

How many handling conflict manages are there and what are they

A

3
Aggressiveness
Duck It
Negotiate

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3
Q

Aggressiveness is what

A

U fight for your rights don’t listen to other people or the wishes and feelings of other people.
Reasons r you feel threatened , surprising frustrations , you have to get him before he gets u.
RESULTS- yo feel better , problems not resolved, u feel guilty and apologize.

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4
Q

Duck it is what

A

To be persuasive , passive you d
Think other people’s rights are more important than yours
Reasons- you afraid that others won’t like u , can’t give opinion ,
Results-you proud of yourself, feel sorry for yourself, become irritated and overwhelmed

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5
Q

Negotiate?

A

To be asserted , you. Say your rights, listen to what others say, than tell them what u need.
Reasons- believe everyone has rights and needs and everyone can contribute.
Results- better relationships with everyone, honesty,better behavior

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6
Q

Time management
—–————————
What is 80/29 rule
Time management tips:

A
  1. write thing down
  2. prioritize things
  3. plan your week
  4. learn to say no!
  5. carry a notebook
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7
Q

Coping with stress

Stress become s unbearable when u :

A
  • not interested in any thing
  • felling worthless
  • tired and listless
  • not enjoying anything u usually do
  • changing eating habits
  • feeling there is no future
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8
Q

Explain this term:

Unlimited liability

A

Unlimited liability is when a owner is personally responsible for debt.

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9
Q

Explain this term:

Continuity

A

It means that if the owner dies you have other people to continue your business and if you don’t have continuity it means your business can’t carry on.

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10
Q 
Explain this term:
Sole trader(proprietor)
A

A sole trader is when you start a business by yourself you don’t have a partner to help you. It s
Quick and easy to start the owner carries all the risks of the business you only need 1answer.

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11
Q

Sally is going to star her own business. Her father insists she should start it with someone else but she doesn’t agree. What are the benefits of running the business on her own instead of having a partner.

A
  • Easy, quick to start
  • cheap partnership is expensive
  • less complicated
  • Can make decisions on your own
  • don’t have to fight about how to run your business
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12
Q

Give two advantages and disadvantages of a close corporation

A

Advantages
~~~~~~~~~~
Legal personality so the owners have limited liability
Business has continuity

Disadvantages
*****
Law limits members to 10 people so business can’t grow very large.
Members may disagree on how to run the business.

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13
Q

What is the difference between the memorandum of association and articles of association?

A

The memorandum of association contains information like full name . Purpose of business , statement that liability is limited, number and value of shares but the articles of association contains issuing of shares and share certificates, procedures at meeting and the powers, responsibility and duties of directors.

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14
Q

What are the main benefits of a close corporation over a partnership?

A

A close corporation has continuity but partners do not. A close corporation is for small businesses like a coffee shop and a partnerships have 2-20 people and therefore get more capital

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15
Q

In which forms of ownership do the owners get taxed separately from the business?

A

They bet taxed separately in a sole trader and in a partnerships.

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16
Q

What does a private limited company require before it can start operating.

A

Needs a certificate from the registrar of companies to open it . Much less complicated than public limited company

17
Q

How many nerve ending does a brain have

A

10-15 billion

18
Q

How much O2 does your Brain intake?
How much watts of electricity does your brain use?
Does it switch off?

A

20 percent .
10 watts.
No it doesn’t switch off

19
Q

How much do normal and genius people use of there brain?

A

10percent- normal

13percent -genius

20
Q

Do the left and right brain preform different function ?

A

Yes

21
Q

What are the left brain functions?

11

A
  • Logical
  • Well organized
  • Likes structure
  • Likes numbers and good @ maths
  • Practical
  • Good @ analyzing
  • Good with words and languages
  • Bound to time
  • facts are important
  • plans for the future
  • studies all the facts and disadvantages and advantages
22
Q

Right brain functions?

9

A
  • Good imagination
  • likes colour , different shapes
  • good @art subjects
  • sensitive to beautiful things
  • time is not important
  • gets the most out of living in the present
  • often make decisions impulsively
  • likes enjoyable things
  • sees many alternatives and how problems can be solved
23
Q

What does an entrepreneur need to use? Consigning the brain

A

Whole brain (both hemispheres of your Brain).

24
Q

What Is creative thinking?

A

The ability to look @something from different angles + in this way develop a new idea

25
Q

Name 3 creative thinking techniques

A

1 Brain storming
2 Making forced connections
3 Thinking about old things in new ways

26
Q

Brain storming

A

Writing down as many ideas about he problem in a short period at time

27
Q

What is Making forced connections

A

Put two ideas together that look like they are completely unrelated

28
Q

Thinking about all things in new a

Way

A

Impulsive products.

29
Q

What are the skills of a entrepreneur

A

Motivation

30
Q

What is motavation

A

The driving force that inspires you to definite action to reach a certain goal.

31
Q

What are the two types motivation

A

External motivation

Internal motivation

32
Q

External motivation

A 
This means you do something:
For reasons outside yourself
For fear of punishments 
For a reward that awaits you 
Because others expect it from you
33
Q

Internal motivation

A

Because u want to
Because it has meaning to u
You have the will to do it
You expect it succeed

34
Q

When does demotivation a occur

A

When u set aims for yourself that are to high

35
Q

What is the definition of stress

A

Any pressure or tension that you experience as a result of demands made on you

36
Q

Wants and needs

A

Something u would like to have

Need something that is essential for living

37
Q

Types of needs

A

Level 1 physiological needs (survival, most basic)O2, food, water,sleep ,activity,protections from outside elements
Level 2 security needs-structure, rules, law and order,belongings are safe.
Level 3 social needs-friends, feeling of belonging, give and receive love
Level 4 self esteem needs .how we think or feel about our selves , achieve success recon ingest by others

38
Q

Which is an example of a social need

A

A)The need to feel competent
B)The need to feel we live in a safe environment
C)Sleep
–––––––––––––––––––––––––––––––––––––––––
D)The need to feel we belong somewhere
–––––––––––––––––––––––––––––––––––––––

39
Q

Nic likes to save 150rand of her pocket money every month. In June she decides to buy a new CD. Which is the opportunity cost

A

The R150

Buisness Studies (1 decks)

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