Business Administration

What is the difference between an enterprise and a household?

By which factors are decisions determined?

The person reacts as follows:
„Well, I think there must be a possibility to have 200.000 EUR and yet not dismiss anybody“
What is wrong?

Which reasonable reactions do you know if an aim can not (or: no longer) be achieved by any possible alternative?

What is the „economic principle“?

Which two alternatives do you know of the economic priciple?

Please name the 5 tasks of management.

Define Sole tradership

Define Juridical person

Define Partnership

Please, name five examples for juridical persons

HOW does a juridical person come into existence?

HOW does a juridical person existence end?

How can it be PROFITABLE to found a juridical person?

If the legal representative of a limited company – eg. the Managing Director – concludes a contract in the name of the Ltd: who is then the contracting party and can be made responsible for the fulfillment of that contract?

Please define the word (simple) „partnership“

If a „partnership“ under German civil law has the aim to run an enterprise – and that is an enterprise of a major importance : to which special kind of partnership is that partnership then automatically transformed?

Is a „GmbH & Co KG“ a juridical person, or a partnership?

Please name five aspects which you would take into account if you had to choose the location for a new enterprise!

What is „assembly line production“? Give an explanation!

What is workstation production?

For which kind of organizing the production is the following chart characteristic:
A -> B -> C -> D -> E -> F -> G -> H

Workstation production is very flexible. What is its disadvantage?

Why may the purchase of a machine with a high price be more attractive than the purchase of one with a low price?

Please explain why the amount of fixed costs per item decreases with increasing number of items produced!

How would you define „materials management“?

WHY is not only the PRICE, but even more the RELIABILITY of a supplier important for an enterprise?

An enterprise wants not to be dependent on ONE supplier alone, so it gives its orders to 3 different suppliers. The idea is that one is, this way, protected against the risk that one of the suppliers
fails to deliver. Are there, nevertheless, still risks that the enterprise can not produce because of nondelivery
from the supplier? Can you imagine
conditions where that might be the case?

Which factors influence the optimal quantity for ordering a certain good?

Please give a definition for the term „marketing“!

Which 8 functions of marketing can be seen as relevant?

Why does marketing do research concerning the needs of people?

How far does the function „transport“ have to do satisfy the needs of customers
(and suppliers)?

Why is it one of the functions of marketing to know about the risks in the behaviour of people?

What is market segmentation?

Please name some ways to define market
segments!

Which 5 phases does a consume decision have?

Which factors influence the consumer´s decision to buy?

What are the „4 P´s“ of marketing, i.e. the
possibilities of marketing to act?

Please explain what marketing means by „total product offer“.

How is the term „organization“ defined?

Please describe which advantages or disadvantages are connected with establishing general rules (in
comparison to specific decisions in single cases)

What is meant by the „substitution principle of organization“?

Which 2 ways of forming positions for employees might be distinguished?

What is a „span of control“, and on which factors does its maximum depend?

Please explain the term „staff-line-system“!

Which 2 factors determine the performance of a person?

How is the intensity of a motivation to do s.th. determined?

Please describe MASLOW´s theory on the hierarchy of needs!

Use Maslow´s theory to explain why certain incentives do work in Germany but not in a country with lower wages (or the other way round) – and
why certain incentives which worked very well in Germany some decades ago are no longer attractive in Germany of today.

Motivation by „negative remuneration“ i.e. by PUNISHMENT:
Why does this NOT work with all people?

What is the `financial equilibrium´?

The primary aim of financial management is to secure the financial equilibrium. What is the secondary (additional) aim which finance management follows within the range which the fulfillment of aim no.1 still lets over?

What is the consequence of an insolvency?

Is it- in Germany! – a crime to become insolvent?

What are the reasons for insolvency in case of a natural person?

Which 3 measures can an insolvency administrator take in order to use the property of the insolvent person to cover the debts?

What is „return on equity“? What can this ratio be used for?

How does the so-called leverage effect work?

What is the difference between „static“ and
„dynamic“ methods for forming an opinion on the attractivity of an investment?

1) What is the „present value“ of the following project:
Necessary investment in t0= -20.000 EUR
Payments to be received in t1= 11.000 EUR
Payments to be received in t2=12.100 EUR
Interest rate applicable during all periods: 10%
2) Will the atractivity of that project go up or go down if the interest rate goes up to 15%?

What is the „internal interest rate“ for the
following project?
T0= -10.000
T1= +5.500
T2= +6.050

What is the internal interest rate?

Please name some external persons interested in the financial report
(=balance sheet + profit & loss
statement)

Which part of accounting are MORE regulated by law – accounting for internal purposes or for external purposes?

What is meant by „double bookkeeping“ and what is the advantage among others?

What is a "T-account"?

Which 4 types of accounts exist in double
bookkeeping?

How are the two charts/ statements/ tables called which show – for one economic year – an overview of the property of the enterprise and of profit and
loss?

„The balance sheet gives an overview over the property of the enterprise DURING AN ECONOMIC YEAR“ – is that statement correct?

How is „equity“ defined?

What is a „provision“ if one speaks about a debt?

What is „depreciation“?

Which different kinds of balance sheets do you know?

Enterprise which are established in WHICH legal form must publish their financial reports – balance sheet and p&L statement – in all states of the EU?

What is an „auditor“ (with reference to a balance sheet)

Please explain why „imputed costs“ are necessary

Your payments for social security are called „social security contributions“ – why?

Which 3 conditions must be fulfilled to make an attempt to save taxes a crime?

How long is the deadline for objections against a tax notice in Germany?