orgman(W3-4)

Question 1

life blood of business

Answer 1

customers

Question 2

resources to business like raw materials

Answer 2

suppliers

Question 3

an individual to perform work in exchange for payment

Answer 3

employees

Question 4

consist of the factors that directly impact the operations of co mpany

Answer 4

micro environment

Question 4

rivals of business can directly affect business strategies

Answer 4

competitors

Question 5

are those who invest their money in a company

Answer 5

share holders

Question 6

promotional activities of its product and services

Answer 6

media channel

Question 7

it has external factors that an organization cannot control

Answer 7

macro environment

Question 8

affects a business in terms of taxation, goverment spending, general demand, interest rate, and global economic factors

Answer 8

economic

Question 8

6 macro external business environment

Answer 8

-political, econmic, social, technological, environmental, legal.

Question 9

how changes in goverment policy might affect the business e.g a decision to subsidies building new houses in an area could be good for a local bricks works

Answer 9

political

Question 10

households and communities behave and their beliefs

Answer 10

social

Question 11

how the rapid pace of change in production processes and product innovation affect a business

Answer 11

technological

Question 12

the way in which legislation in society .E.g changes in employment laws on working hours

Answer 12

legal

Question 12

growing awareness of the potential impacts of climate change is affecting how companies operate and the products they offer, both creating new markets and diminishing or destroying existing ones

Answer 12

environmental

Question 13

swot

Answer 13

strengths, weaknesses, opportunities, threats

Question 14

Business owned by two or
more persons

Answer 14

Partnership

Question 14

business owned by only 1 person

Answer 14

Sole Proprietorship

Question 15

• Unlimited liability

Answer 15

Sole Proprietorship

Question 16

Is a partnership with only general partners. Each general partner takes
part in the management and also takes responsibility for the liabilities of
the business.

Answer 16

GENERAL PARTNERSHIP

Question 17

Is a partnership that includes both general and limited partners.

Answer 17

LIMITED PARTNERSHIP

Question 18

• Unlimited liability for the general partners

Answer 18

Partnership

Question 19

Has a minimum of five and a maximum of fifteen owners

Answer 19

Corporation

Question 20

2 TYPES OF CORPORATIONS

Answer 20

STOCK CORPORATION, NON STOCK CORPORATION

Question 21

Double taxation

Answer 21

Corporation

Question 22

Business organization owned by a group of individuals and is operated for their mutual benefit

Answer 22

Cooperative

Question 23

metrobank

Answer 23

corporation

Question 24

sm

Answer 24

corporation

Question 25

pelco

Answer 25

cooperative

Question 25

live selling

Answer 25

sole proprietorship

Question 26

provides labor

Answer 26

Service Business

Question 27

Type of business that purchases products from other businesses

Answer 27

Merchandising Business

Question 28

Type of business where raw materials are transformed into finished goods

Answer 28

Manufacturing Business

Question 29

Agriculture, Aquaculture, Mining Companies

Answer 29

Unclassified Business

Question 29

Companies that may be classified in more than one type of business.

Answer 29

Hybrid Bussiness

Question 30

Ensure that the present needs of a particular generation are met

Answer 30

Sustainable Economic Development

Question 31

Total process which includes not only economic growth or the increase in the given amount of goods and services produced by the country’s economy but also considers the social, political, cultural, and spiritual aspects of the country’s growth.

Answer 31

Economic Development

Question 32

Growth that is rapid enough to matter, given the country’s large populations, geographical differences and social complexity.

Answer 32

Inclusive Growth

Question 33

3 sustainable economic development and economic development

Answer 33

Sustainable Economic Development, Economic Development, Inclusive Growth

Question 34

* flexibility of operations

Answer 34

Sole Proprietorship

Question 35

charitable, educatinal, social ang cultural

Answer 35

NON STOCK CORPORATION

Question 36

has capital stpck divided into shares and dividends

Answer 36

STOCK CORPORATION