Podcast
Questions and Answers
Which of the following is NOT considered a key term related to business finances?
Which of the following is NOT considered a key term related to business finances?
- Fixed Costs
- Break-Even Point
- Visual Aids (correct)
- Variable Costs
E-waste is not an environmental concern for businesses.
E-waste is not an environmental concern for businesses.
False (B)
What does the acronym 'SQL' stand for?
What does the acronym 'SQL' stand for?
Structured Query Language
A business's impact on people, profit, and the planet is analyzed using the _______ Bottom Line Analysis.
A business's impact on people, profit, and the planet is analyzed using the _______ Bottom Line Analysis.
Match the following terms with their descriptions:
Match the following terms with their descriptions:
Which leadership style is characterized by a leader making decisions independently, with minimal input from team members?
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.
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?
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.
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?
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.
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.
Name one of the key areas that business ideas should be analyzed for their impacts.
Flashcards
Autocratic Leadership
Autocratic Leadership
A leadership style where the leader makes all decisions and dictates how the team will work.
Democratic Leadership
Democratic Leadership
A leadership style where the leader involves team members in decision-making and encourages feedback.
Laissez-Faire Leadership
Laissez-Faire Leadership
A leadership style where the leader provides minimal guidance and lets team members work independently.
Project Management
Project Management
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Key Performance Indicators (KPIs)
Key Performance Indicators (KPIs)
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SMART Goals
SMART Goals
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Market Need
Market Need
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Prototyping
Prototyping
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Revenue
Revenue
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Profit/Loss
Profit/Loss
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Fixed Costs
Fixed Costs
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Variable Costs
Variable Costs
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Break-Even Point
Break-Even Point
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Study Notes
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.
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Description
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.
