Business studies Flashcards
(39 cards)
What can u do about coping with stress?
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
Handling conflict
How many handling conflict manages are there and what are they
3
Aggressiveness
Duck It
Negotiate
Aggressiveness is what
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.
Duck it is what
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
Negotiate?
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
Time management
—–————————
What is 80/29 rule
Time management tips:
- write thing down
- prioritize things
- plan your week
- learn to say no!
- carry a notebook
Coping with stress
Stress become s unbearable when u :
- not interested in any thing
- felling worthless
- tired and listless
- not enjoying anything u usually do
- changing eating habits
- feeling there is no future
Explain this term:
Unlimited liability
Unlimited liability is when a owner is personally responsible for debt.
Explain this term:
Continuity
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.
Explain this term: Sole trader(proprietor)
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.
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.
- 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
Give two advantages and disadvantages of a close corporation
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.
What is the difference between the memorandum of association and articles of association?
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.
What are the main benefits of a close corporation over a partnership?
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
In which forms of ownership do the owners get taxed separately from the business?
They bet taxed separately in a sole trader and in a partnerships.
What does a private limited company require before it can start operating.
Needs a certificate from the registrar of companies to open it . Much less complicated than public limited company
How many nerve ending does a brain have
10-15 billion
How much O2 does your Brain intake?
How much watts of electricity does your brain use?
Does it switch off?
20 percent .
10 watts.
No it doesn’t switch off
How much do normal and genius people use of there brain?
10percent- normal
13percent -genius
Do the left and right brain preform different function ?
Yes
What are the left brain functions?
11
- 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
Right brain functions?
9
- 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
What does an entrepreneur need to use? Consigning the brain
Whole brain (both hemispheres of your Brain).
What Is creative thinking?
The ability to look @something from different angles + in this way develop a new idea
