Business Finance and Data Transformation

False (B)

To safeguard against data loss due to damage or failure of storage devices.

<p>Data</p> Signup and view all the answers

<p>Files and Shelves = Manually stored data requiring physical access. Memory Sticks and CDs = Information intended for portable electronic storage. Computer Hard Drives = Digital data needing frequent access and processing.</p> Signup and view all the answers

<p>Ensuring all employees receive annual bonuses. (A)</p> Signup and view all the answers

<p>False (B)</p> Signup and view all the answers

<p>Asset-Based Loan</p> Signup and view all the answers

<p>grant</p> Signup and view all the answers

<p>Bank Loan = Money borrowed from a bank, repaid with interest over time, often secured with a fixed asset. Angel Funding = Money offered by wealthy entrepreneurs in exchange for a share in the business. Venture Capital = Investment from individuals or organizations for a share in the business, often with management involvement. Receivable Finance = Loan provided while waiting for payment of outstanding invoices to avoid cash flow shortages.</p> Signup and view all the answers

<p>Fixed Capital (C)</p> Signup and view all the answers

<p>Angel Funding (B)</p> Signup and view all the answers

<p>False (B)</p> Signup and view all the answers

<p>Own capital is permanent and does not require repayment, while borrowed capital is temporary and requires repayment, usually with interest. (B)</p> Signup and view all the answers

<p>False (B)</p> Signup and view all the answers

<p>To ensure sufficient stock levels are available to carry out business operations.</p> Signup and view all the answers

<p>temporary</p> Signup and view all the answers

<p>Finding reputable suppliers = Ensuring quality and reliability of goods Negotiating payment terms = Optimizing cash flow Monitoring stock levels = Maintaining business operations Returning damaged goods = Maintaining quality control</p> Signup and view all the answers

<p>Developing new product lines for the business. (B)</p> Signup and view all the answers

<p>False (B)</p> Signup and view all the answers

<p>Does not need to be repaid (C)</p> Signup and view all the answers

<p>Lower bad debts resulting in better cash flow (B)</p> Signup and view all the answers

<p>False (B)</p> Signup and view all the answers

<p>The Consumer Tribunal/The National Credit Regulator/The National Consumer Commission/Ombudsman</p> Signup and view all the answers

<p>exploitation</p> Signup and view all the answers

<p>The Consumer Tribunal = Resolves disputes between consumers and credit providers The National Credit Regulator (NCR) = Reviews decisions and ensures compliance with the National Credit Act National Consumer Commission (NCC) = Establishes national standards to protect consumers Ombudsman = Mediates disputes between consumers and businesses</p> Signup and view all the answers

<p>To promote responsible consumer behavior (B)</p> Signup and view all the answers

<p>False (B)</p> Signup and view all the answers

<p>It compels businesses to sell quality products and may force them to reimburse consumers otherwise. (B)</p> Signup and view all the answers

<p>Ensuring businesses maximize profits regardless of consumer impact. (C)</p> Signup and view all the answers

<p>False (B)</p> Signup and view all the answers

<p>Increased costs; Disclosure of confidential information</p> Signup and view all the answers

<p>loyalty</p> Signup and view all the answers

<p>News conferences = Release information to ensure the survival of the business. Annual reports = Review business activities and achievements. Networking events = Direct contact with employees or telephonic communication. Corporate social responsibility = Involving communities to get positive exposure.</p> Signup and view all the answers

<p>Sponsoring community events. (D)</p> Signup and view all the answers

<p>False (B)</p> Signup and view all the answers

<p>Corporate social responsibility</p> Signup and view all the answers

<p>Improving employee morale and awareness of company goals. (B)</p> Signup and view all the answers

<p>False (B)</p> Signup and view all the answers

<p>To provide publicity for promotional events and distribute information about the business.</p> Signup and view all the answers

<p>social responsibility</p> Signup and view all the answers

<p>To satisfy customer needs and avoid shortages. (C)</p> Signup and view all the answers

<p>False (B)</p> Signup and view all the answers

<p>To produce quality products.</p> Signup and view all the answers

<p>Media = Involves advertising and distribution of information about the business Direct Contact = Passing information to members of the public who have previously dealt with the business Brochures = A cost-effective way of distributing information Social Responsibility = Uplifting the community as the community supports the business</p> Signup and view all the answers

Raw/unprocessed facts collected from various sources.

Processed data that provides specific knowledge for decision-making.

The act of converting raw data into useful information.

How processed information is kept for future use, often electronically.

Data is unprocessed; information is analyzed and useful for decisions.

Financing obtained for immediate business needs, like loans and credit.

Investment provided by the owner, not repayable, representing equity.

Funds obtained from lenders, must be repaid with interest.

Management of stock, sourcing suppliers, and ensuring quality goods.

The process of discussing terms and prices with vendors.

Ensuring adequate inventory for production and sales.

Steps to identify and procure necessary goods and services.

Identifying and requesting products needed for business operations.

Legislation aimed at safeguarding consumers from unsafe products and unfair practices.

Benefits businesses, such as protection from dishonesty and improved consumer loyalty.

Laws that ensure fairness in consumer transactions and agreements across the board.

Prevents larger businesses from overshadowing smaller ones in the market.

Empowers historically disadvantaged individuals in consumer roles.

Challenges businesses face, like high penalties and additional legal burdens.

Techniques businesses use to promote image and engage with communities.

Business activities that benefit the community and improve public image.

Determines capital needs, sources, investment, and prepares statements to assure financial health.

Money borrowed from a bank, repaid with interest over time, often secured by a fixed asset.

A short-term loan added to the entrepreneur's account, repayable with interest.

Money lent to businesses to purchase assets, with the asset as collateral until fully paid.

Non-repayable funds from the government to small businesses that benefit the community.

Loans given to businesses waiting for payments on provided goods/services to support cash flow.

Funds from wealthy individuals for startups in exchange for business shares, risking high returns.

Investment by individuals or organizations for business growth in exchange for ownership stake.

Agency responsible for overseeing the National Credit Act and reviewing decisions of other consumer bodies.

A legal body that hears disputes between consumers and credit providers under the National Credit Act.

An organization that protects consumer rights and enforces the Consumer Protection Act.

Benefits include lower bad debts, better cash flow, and protection against non-paying customers.

Challenges such as increased budgeting needs and loss of credit marketing opportunities for businesses.

Legislation designed to prevent consumer exploitation and promote fair trade practices.

To promote responsible consumer behavior and provide guidelines for fair business practices.

Consumers can take legal steps if their rights under CPA are violated.

Activities that shape a positive image of the company to the public.

Efforts aimed at improving the company's image among its employees.

Using media to promote events and information about the business.

Communicating directly with those who have interacted with the business before.

Cost-effective means of distributing information about the business.

Businesses uplift communities to gain support from them.

Advertising on vehicles to reach a wider audience.

Ensures quality production to meet demand and safety standards.