BEM100 Final Exam Study Guide

Which of the following is NOT considered a key term related to business finances?

E-waste is not an environmental concern for businesses.

What does the acronym 'SQL' stand for?

A business's impact on people, profit, and the planet is analyzed using the _______ Bottom Line Analysis.

Match the following terms with their descriptions:

Which leadership style is characterized by a leader making decisions independently, with minimal input from team members?

A prototype is a detailed business plan used to secure funding for a new venture.

What does the acronym SMART stand for when setting goals?

A __________ is a visual representation of a series of events or actions, often used in the early stages of product development.

What is the term for assigning responsibility for tasks to team members?

Laissez-faire leadership involves a leader who provides a lot of guidance and oversight to team members.

Name one of the key areas that business ideas should be analyzed for their impacts.

BEM100 Final Exam Study Guide

Unit 1: Project Management
- Covers leadership styles (autocratic, democratic, laissez-faire) and their appropriate application
- Explores project management processes for coordinating tasks and timelines
- Includes evaluating projects using KPIs (Key Performance Indicators) and providing feedback
- Discusses setting SMART goals (Specific, Measurable, Achievable, Relevant, Time-bound)
- Covers spreadsheet formulas and software use
Unit 2: The Entrepreneurial Mindset
- Focuses on identifying and meeting market needs
- Explains designing entrepreneurial ideas using prototypes and storyboards
- Addresses analyzing business ideas' social, economic, and environmental impacts
- Details creating a market survey
Unit 3: Refining Entrepreneurial Ideas
- Includes budgeting and managing business finances, including revenue, profit, and loss
- Covers the impact of e-waste on the environment and people
- Explores elements of business ethics
Unit 4: Business Communications
- Details developing and organizing business texts (emails, resumes)
- Includes creating effective business presentations and using visual aids
- Explains engaging and persuading an audience through presentations
- Examines analyzing a business's impact on people, profit, and the planet
- Covers common challenges entrepreneurs face
- Includes presentation skills, visual aids, audience engagement, triple bottom line analysis, time management, and financial management.

Prepare for the BEM100 final exam with this comprehensive study guide covering key topics in project management and entrepreneurship. The guide includes leadership styles, project management processes, KPI evaluation, the entrepreneurial mindset, and financial management. Master essential concepts to excel in your exam and future business endeavors.