Cards

• What is autocratic leadership?

  All decision making by managers only
• What is the fastest method of leadership?

  Autocratic leadership
• What is democratic leadership?

  Employees influence decisions affecting them
• What is the slowest method of leadership?

  Democratic leadership
• What does PESTLE stand for?

  • Political
  • Economic
  • Social
  • Technological
  • Legal
  • Environmental
• What does STEEPLE stand for?

  • Social
  • Technological
  • Economic
  • Environmental
  • Political
  • Legal
  • Ethical
• How do high interest rates affect saving and spending?

  High rates increase saving, decrease spending
• How do low interest rates affect saving and spending?

  Low rates decrease saving, increase spending
• What are the implications of inflation on businesses?

  It affects pricing and purchasing power
• What are demographic changes?

  Changes in age, gender, and ethnicity balance
• What trend challenges traditional retailers?

  The rise of internet shopping
• What is the impact of unemployment on businesses?

  It reduces consumer spending power
• What is Internet 2.0?

  A new phase of internet development
• What is the Fourth Industrial Revolution?

  Technological advancements transforming industries
• What are trade regulations?

  Rules governing international trade practices
• What does sustainability refer to in business?

  Meeting present needs without compromising future
• How can social values impact businesses?

  They influence consumer behavior and expectations
• What is owners' capital?

  Money from the business owner
• What is a disadvantage of using owners' capital?

  Once it's gone, it's gone
• What is retained profit?

  Profits reinvested in the business
• What is a disadvantage of retained profit?

  Once it's gone, it's gone
• What is selling assets?

  Converting business assets into cash
• What is a disadvantage of selling assets?

  Assets may be needed in the future
• What is a bank loan?

  Money borrowed from a bank
• What is a disadvantage of a bank loan?

  Must pay interest on borrowed amount
• What is an overdraft?

  Borrowing more than the account balance
• What is a disadvantage of an overdraft?

  High interest rates apply
• What are venture capitalists?

  Investors providing funds for startups
• What is a disadvantage of using venture capitalists?

  Owners must give away part of the business
• What is a share issue?

  Offering shares to raise capital
• What is a disadvantage of a share issue?

  Gives away part of the business
• What is trade credit?

  Buying goods with delayed payment
• What is a disadvantage of trade credit?

  Usually involves small amounts
• What is leasing?

  Renting assets instead of buying
• What is a disadvantage of leasing?

  Assets aren’t owned by the business
• What is hire purchase?

  Buying assets with installment payments
• What is a disadvantage of hire purchase?

  Interest is charged on items purchased
• What are government grants?

  Funds that do not need repayment
• What is a disadvantage of government grants?

  Must meet certain criteria to qualify
• What is a budget?

  • A financial plan for an organization
  • Prepared in advance