Brainscape's Knowledge GenomeTM

Browse over 1 million classes created by top students, professors, publishers, and experts.


See full index

Business > Chapters 4-13 > Flashcards

Chapters 4-13 Flashcards

1
Q

Ch.4 p.27 Venture capitalists

A
  • Specialist investors (individuals or companies) who provide money for business purposes, often to new businesses.
  • google inc or banks
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q
  1. Limited companies
A
  • Business organisations that have a separate legal identity from that of their owners
  • the owner’s personal belongings (car, house…) are protected.
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q
  1. Limited liability (limited companies)
A
  • Shareholders are legally responsible for the debts of a company according to how many shares they own.
  • if a business goes bankrupt and a shareholder owns 50% of the business, and they business owes 3000 euros, the shareholder would have 1500 euros
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q
  1. Chairperson
A

Someone who is in charge of a meeting or directs the work of a committee or organisation

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q
  1. Certificate of incorporation
A

Document needed before a new company can start doing business

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q
  1. Stock market
A

Market for shares in PLC’s

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q
  1. Private limited company
A

In the uk, a private company limited by shares, which means the liability of the shareholders to creditors of the company is limited to the capital originally invested, a shareholder’s personal assets are protected, and with Ltd or Limited after its name.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q
  1. Public limited company
A

In the uk, a limited company whose shares are freely sold and traded, with a minimum share capital of 50000, and the letters Plc after its name.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q
  1. Prospectus
A

Document produced by a company that wants the public to buy its shares

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q
  1. Regulatory control
A

Official power to control an activity and to make sure that it is done in a satisfactory way

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q
  1. Flotation
A
  • Process of a company ‘going public’

* from the on, everyone will be able to see the money they earn p, if they make operations or decisions

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q
  1. Multinational company
A

Large business with significant production or service operations on at least 2 different countries

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q
  1. Issue(shares)
A

Sale of new shares

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

Ch5. 35. Productivity

A

Rate at which goods are produced, and the amount produced specially in relation to the work, time and money needed to produce them.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q
  1. Public corporations
A

Business organizations owned and controlled by the state/government

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q
  1. Portfolio
A

Collection (of business interests or products)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
17
Q
  1. Infrastructure
A

Basic systems and structures that a country or organization needs in order to work properly

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
18
Q
  1. Natural monopoly
A

Market where it is more efficient to have just one organization meeting total market demand

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
19
Q
  1. Subsidise
A

Paying part of the costs (often by the government in business)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
20
Q
  1. Privatisation
A

Transfer of public sector resources to the private sector (business)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
21
Q

Ch7. 50. Primary sector (industry)

A

Production involving the extraction of raw materials from the earth

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
22
Q
  1. Secondary sector (industry)
A

Production involving the conversion of raw materials into finished and semi-finished goods.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
23
Q
  1. Assembly plant
A

Factory where parts are put together to make a finished product.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
24
Q
  1. Tertiary sector (industry)
A

Protection of services in the economy

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
25
Q
  1. De-industrialisation
A

Decline in manufacturing

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
26
Q

Ch8. 57. Brownfield sites

A

Areas of land that were once used for urban development

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
27
Q
  1. Greenfield sites
A

Previously undeveloped areas of land, usually on the outskirts of towns and cities

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
28
Q
  1. Assisted areas
A

Areas that are designated by a government as having economic problems and are targeted to receive support in a variety of forms

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
29
Q
  1. Viability studies
A

Careful study of how a planned activity will work, how much it will cost, and what income it is likely to produce

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
30
Q
  1. Trade bloc
A

Group of countries situated in the same region that join together and enjoy trade free of barriers

31
Q

Ch9. 64. Emerging economies

A

Rapidly growing economies - emerging economies have huge growth potential but also pose significant risks
• an example of this is Brazil

32
Q
  1. Globalisation
A

Growing integration of the world’s economies

33
Q
  1. Intellectual property
A

People’s knowledge or creative ideas that have commercial value and are protectable under different forms of copyright

34
Q
  1. Monetary system
A

System of money in a particular country or the world as a whole, and the way that it is controlled by governments and central banks

35
Q
  1. Saturate (market)
A

To offer so much of a product for sale that there is more than people want to buy

36
Q
  1. Predator
A

Business that tries to use another’s weakness to get advantages

37
Q
  1. Hostile takeover
A

Takeover that the company being taken over does not want or agree to

38
Q
  1. Bid
A

Offer to pay a particular price for something (for example, a business)

39
Q

Ch10. 74. Commodities

A

Products that are bought and sold (in business often refers to things like oil, gold, iron ore, rice, wheat and meat)

40
Q
  1. Patents
A

Legal documents giving a person or company the right to make or sell a new invention, product, or method of doing something and stating that no other person or company is allowed to do this.

41
Q
  1. Ventures
A

New business activity that involves taking risks

42
Q
  1. Currency reserves
A

Money in foreign currency held by a country and used to support its own currency and to pay for imports and foreign debts

43
Q
  1. Human capital
A

People and their skills

44
Q
  1. Enterprise
A

The activity of starting and running business

45
Q
  1. Exploitation
A

Situation in which you treat someone unfairly by asking them to do things for you, but give them very little in return

46
Q
  1. Repatriation (of profit)
A

Where a multinational returns the profits from an overseas venture to the country where it is based, typically from a developing country to a developed country (not often the other way around)

47
Q
  1. Livelihood
A

Way you earn money in order to live

48
Q

Ch11. 82. Surplus

A

Amount of something that is more than what is needed or used

49
Q
  1. Exports
A

Goods and services sold overseas

50
Q
  1. Imports
A

Goods or services bought from overseas

51
Q
  1. Visible trade
A

Trade in physical goods

52
Q
  1. Invisibles trade
A

Trade in services

53
Q
  1. Balance of trade (or visible balance)
A

Difference between visible exports and visible imports

54
Q
  1. Transactions
A

Business deals or actions, such as buying or selling something

55
Q
  1. Exchange rate
A

Value of one currency in terms of another

56
Q
  1. Commission
A

Extra amount of money that is paid to a person or organisation according to the value of the goods they have sold or the services they have provided

57
Q

Ch12. 90. Fiscal policy

A

• using changes in taxation and government expenditure to manage the economy
•

58
Q
  1. Lay off (staff)
A

• make employees redundant

•

59
Q
  1. Social security payments
A

• Money taken by the British government from people’s wages to pay for the system of payments to people who are unemployed or ill

60
Q
  1. Anti-competitive practices
A

(Restrictive trade practices) attempts by firms to prevent or restrict competition

61
Q
  1. Barriers to entry
A

Restrictions that mean it is difficult for new firms to enter a market

62
Q
  1. Merger
A

Two or more business joining together to form one new firm

63
Q
  1. Protectionism
A

Use of trade barriers to protect domestic producers

64
Q
  1. Infant industries
A

New industries that are yet to be established

65
Q
  1. Dumping
A

Where a business sells goods in another country often below cost

66
Q
  1. Trade barriers
A

Measures designed to restrict trade

68
Q
  1. Interest
A

Price of borrowed money (and the reward to savers)

69
Q
  1. Subsidy
A

Financial support given to a domestic producer to help compete with overseas firms

70
Q
  1. Quota
A

Physical limit on the quantity of imports allowed into a country

71
Q
  1. Budget
A

An official statement that a government makes about how much it intends to spend and what that rates of taxes will be for the next year or six months

72
Q
  1. Tax allowances
A

Part of income that is not taxed

73
Q
  1. Budgetary measures
A

Actions taken by the government to influence business and the economy

74
Q
  1. Monetary policy
A

Using changes in interest rates and the money supply to manage the economy

Business (7 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2024 Bold Learning Solutions. Terms and Conditions