What is Enterprise?

What is Entrepreneurship?

What is Barter?

What is a commodity?

What is Capital?

What is Labour?

What is specialisation?

What is Profit?

What is Loss?

What is Trade?

What is an organisation?

What is a producer?

What is a consumer?

What is exchange?

What are goods?

What is service?

What is a market?

What is an economy?

What is a bill of exchange?

What is a credit card?

What is Electronic transfer?

What is Tele-Banking?

What is E-commerce

What are five reasons to establish a business?

Describe a Sole-Trader business

Describe a partnership Business

Describe private companies

Describe public companies

What is a co-operative?

Describe in full all documents needed to form a company.

What is a multi-national?

What is a franchise?

What is a conglomerate?

What is a nationalized industry?

What is a traditional economy?

What is one disadvantage and one advantage of a traditional economic system

What is a planned economy

What is one disadvantage and one advantage of a planned economy

What is a free market economy?

What are two disadvantage and two advantages of a free market economy?

What is a mixed economy?

What is one disadvantage and one advantage of a mixed economy?

Who are the four stakeholders (persons who the business relies on) in business?

What is the role of the Owner/employer in business?

What is the role of the Employee in business?

What is the role of the customer in business?

What is the role of the Government in business?

What are four functions of business?

What are the five roles of a business in a community?

What are the four functional areas of a business?

What are the seven functions of management?

What are the responsibilities of management to stakeholders in a business?

What are are four characteristics of a good leader?

Describe the four leadership styles

What are two advantages of an Autocratic leadership style?

What are two disadvantages of an Autocratic leadership style?

What are two advantages of a democratic leadership style?

What are two disadvantages of a Democratic leadership style?

What are two advantages of a Laissez-Faire leadership style?

What are two disadvantages of a Laissez-Faire leadership style?

What are three advantages of a Participative Leadership style?

What are three disadvantages of a participative leadership style?

What are three internal sources of conflict?

What can an employer do to solve conflict in the workplace?

What can an employee do to solve conflict in the workplace?

Give six ways in which you can establish good employer to employee relations

What are three methods of solving conflict?

What is teamwork?

What are three advantages of teamwork?

What are three disadvantages of teamwork?

What is a Management Information System?

What are two advantages and disadvantages of a MIS

What are the five personal needs satisfied through employment?

What are the seven characteristics of an Entrepreneur?

Describe the six steps to establish a business.

What is the role of the legal and research and development departments in the operation of a business?

What is primary research?

What is secondary research?

What are three advantages and disadvantages of a Sole Trader Business

What are three advantages and two disadvantages of a Partnership?

What are three advantages and two disadvantages of private limited companies

What are three advantages and one disadvantages of a Public Limited Company

What are three sources of capital?

What is Collateral?

What are four examples of collateral?

What are three examples of primary research for a business plan?

What are three reasons why business plans are important?

What is a feasibility study?

What are four aspects a feasibility study focuses on?

What is an executive summary?

What are short term, medium term and long term plans?

What are three ethical and legal issues in the operations of the business?

What are the consequences of unethical and illegal business practices?

What is a contract?

Explain five factors that make a contract valid

What is the difference between simple contracts and specialty contracts

What is the difference between offer and invitation to treat?

When is a contract void?

What are three ways in which a discharge of contract may occur?

What are three ways in which a contract may be terminated?

What is a letter of enquiry?

What is a Catalogue?

What is the requisition?

What is a tender/bid?

What is The Purchase Order?

What is an advice note?

What is a delivery note?

What is a destination sheet?

What is a goods received note?

What is a stock card?

What is a Sales invoice?

What is the pro forma invoice

What is a debit note

What is a credit note?

What is a statement of account?

What is the difference between insurance and assurance?

What is the import licence?

What is a Bill of lading?

What is a certificate of origin?

What is an airway bill?

What is a money order?

What is pooling of risks?

What is the natural resource produced by Trinidad, Guyana, Jamaica and Barbados?

What is the difference between production and productivity?

Why is productivity important?

What are three effects of external migration on the labour force?

What are the effects of internal migration on the labour force?

What is Fixed Capital?

What is working capital?

What is Venture Capital?

What is a domestic level of production?

What is a surplus or export level of production?

What are three characteristics of a cottage industry?

What are three benefits of backward linkages?

What are three benefits of forward linkages?

What are four factors determining the location of a business?

What are three functions of a small business? (very similar to a normal business)

What is automation?

What is mechanisation?

What is Computer Aided Design?

What is Computer Aided Manufacture?

What is Computer Aided Instructions?

What is the difference between a market and marketing?

What is market research?

What is pricing?

What are the five necessities for packaging design?

What is Branding?

What are sales promotion?

What is distribution?

What is Advertising?

What are the four P's of the marketing mix?

What are the seven types of market research?

What are four reasons for conducting Market Research

What are the eight factors that influence consumer behavior?

What are the four forms of advertising?

What are five functions of advertising?