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EOPA ELawrence3
Entrepreneurship Pathway
| Question | Answer |
|---|---|
| What is the process of preparing alternative courses of action that may be used if the primary plans don't achieve the organizations objectives called? | Contingency Planning |
| What is Autocratic Leadership? | Leadership style that involves making managerial decisions without consulting others |
| Leadership style that involves managers setting objectives and employees being relatively free to do whatever it takes to accomplish those objectives is called what? | Free-Rein Leadership |
| What are ledgers? | They are books in which financial records are written |
| What is a Profit And Loss Account? | A financial statement showing revenue, expenditure and profit during a given period |
| The shareholder's claims on a company's assets after all of its creditors have been paid is known as? | Shareholders´ Equity |
| What is Goodwill? | Customers´ approval and support of a business (reputation, contacts and expertise of companies that have been bought) |
| Working Capital is the difference between what two things? | Current assets and Current liabilities |
| A financial statement that shows the flow of money in and out of the business is known as? | Cash Flow Statement |
| What are Convenience Goods? | Inexpensive products that are purchased regularly and require little time and effort for purchase decisions. |
Created by:
elawrence17
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