Business Processes & Units Overview

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Questions and Answers

What term refers to a series of actions designed to achieve a specific result?

  • Unit
  • Commission
  • Equity
  • Process (correct)

Which term describes the act of choosing something from a group?

  • Make out of
  • Drop off
  • Cut down on
  • Pick out (correct)

What is the term for collecting funds for a project from a large number of people?

  • Loan
  • Dividends
  • Equity
  • Crowdfunding (correct)

What best describes borrowed money that must be repaid with interest?

<p>Loan (A)</p> Signup and view all the answers

What term describes aspiring or beginner businesspeople?

<p>Budding entrepreneurs (D)</p> Signup and view all the answers

What is the term for ownership in a company, often represented by shares?

<p>Equity (D)</p> Signup and view all the answers

What are profits distributed to shareholders known as?

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

What term describes predictions about a company's future financial performance?

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

What is a term for goods that are made by hand without the use of machinery?

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

What is the term for people who move from place to place with no permanent home?

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

What is the most accurate term for deceptive actions done for personal gain?

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

Which of these options best describes a situation when there is a general agreement among a group?

<p>Consensus (D)</p> Signup and view all the answers

What is the most accurate description for a product that has been provided with all necessary items?

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

Which option describes a workplace that is enjoyable and pleasant?

<p>Fun environment (D)</p> Signup and view all the answers

What is the best description for something that brings about a major change?

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

Which term describes information sharing within an organization?

<p>Internal communications (D)</p> Signup and view all the answers

Which of the following describes a person or company that produces or makes goods?

<p>Manufacturer (D)</p> Signup and view all the answers

Which of these represents a belief in one's own abilities?

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

Which aspect best describes the usage of resources without depleting them?

<p>Sustainability (D)</p> Signup and view all the answers

What is the most appropriate term for a building or area designed to showcase products or events?

<p>Exhibition center (D)</p> Signup and view all the answers

What phrase best describes a situation in which something has become unsecured or weakened?

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

What phrase best describes the need to make copies of important data?

<p>Back up (C)</p> Signup and view all the answers

What is the term for the revenue of a business or the changes in staff?

<p>Turnover (D)</p> Signup and view all the answers

Which of these describes a situation where someone has flexible working hours?

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

Which option refers to the legal regulations about work?

<p>Statutory pay (A)</p> Signup and view all the answers

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Flashcards

Process

A series of actions taken to achieve a specific outcome or result.

Crowdfunding

Collecting funds from many people for a project through online platforms.

Loan

Money borrowed with the promise to repay it with interest.

Budding Entrepreneurs

Aspiring or beginner business owners who are starting their ventures.

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Potential Investors

Individuals or organizations interested in providing financial support for a project.

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Equity

Ownership shares in a company, often represented by certificates.

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Dividends

Profits paid to shareholders of a company based on their ownership.

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Financial Forecasts

Predictions about a company's financial performance in the future.

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Nomadic Tribe

People or groups who travel from place to place without a permanent home.

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Shipment

Goods that are moved from one place to another, often by ship or truck.

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Inventory

A stock of goods available for sale or use.

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Articulated lorry

A large truck with a trailer.

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Showroom

A space for displaying products or goods for sale or exhibition.

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Malware

Malicious software designed to harm computer systems.

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Target users

The intended audience for a service or attack.

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Frauds

Deceptive actions intended to gain an unfair advantage or personal gain.

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Encrypt data

To convert data into a secure code to protect it from unauthorized access.

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Security firm

A company that specializes in providing security services to protect systems and data.

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USB device

A portable data storage device.

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Internet security

Measures taken to protect online data and systems from unauthorized access or harm.

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Back up files

To save copies of important data in case of loss or damage.

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Network

A system or network of connected devices that can share data.

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Democratic

A decision-making process involving equal participation and consensus among members.

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Consultation

A discussion or meeting held to gather opinions, advice, or information.

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Consensus

General agreement on a matter among a group of people.

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Study Notes

Business Processes & Units

  • Unit 1: Series of actions to achieve a result (process). Includes collecting funds from multiple people (crowdfunding), borrowing money (loans), and shared ownership (equity).
  • Unit 1: Actions for delivering, choosing, collecting, establishing, and creating items. Includes "Pick out," "Drop off," "Sign up," "Make out of," and "Set up."
  • Unit 1: Actions related to registering, reducing use, and creating something. Includes "Process," "Sign up," "Drop off," "Cut down on," and "Set up."
  • Unit 1: Creating items using materials (e.g., "Make out of") and registering for things (e.g., "Sign up.")
  • Unit 2: Concepts like handmade items, physical resources, movement of people, and unique elements. Includes monitoring resources, locations like showrooms and warehouses, and transport.
  • Unit 2: Includes activities related to fees (commission), inter-mediaries (middlemen, etc.) and transport (e.g., by ship, truck, or articulated lorry).
  • Unit 2: Includes concepts related to goods storage, display, and business related activities like malicious software (malware), frauds and financial predictions.

Business Activities & Concepts

  • Unit 3: Illegal online activities (cybercrime), personal gains (frauds), security, measures to protect online data, and people who engage in illegal acts.
  • Unit 3: Includes electronic tools, connected systems sharing information, and data backup.
  • Unit 4: General agreements and decisions (consensus, compromising, prioritizing). Includes prioritizing tasks, resolving conflict, and collaboration.
  • Unit 4: Methods of discussion (consultation, avoidance), decision making (making up your mind), and evaluating. Also includes traditional and hi-tech components.
  • Unit 5: Concepts like state-of-the-art, fully equipped, spacious, comfortable, and providing relaxation (e.g., comfortable, stress-free, canteen) related to environments and areas.
  • Unit 5: Describes environments, locations, and amenities like presentation suites, food service areas (canteens), warehouse facilities, and how they function.

Business and Innovation

  • Unit 6: Making significant changes (revolutionizing), causing major changes (reliable, advanced, and complex).
  • Unit 6: Concepts like creative/ innovative ideas and consistent performance, like energy, dynamic, and original work.
  • Unit 7: Includes CEO, manufacturer, internal communications. Concepts related to companies, products, and processes, like failures, problems, resolutions, harm and dissatisfaction.
  • Unit 8: Includes features like commitments to tasks, tolerance for difficulties, and showing care for others. Also includes features like enthusiasm, abilities, adapting and productivity.
  • Unit 9: Important concepts like on-time, eco-friendliness (sustainability and appeal).

Business Management, Environments & Logistics

  • Unit 10: Includes advice on environmental policies (environmental consultancy, regulations), using resources, and laws. Includes venues, locations, transportation, and legal authority.
  • Unit 11: People interacting with groups, organizations, etc., includes activities, performances, transport and short trips.
  • Unit 12: Includes illegal online activities (cybercrime). Also includes the actions and activities of victims and the concepts of stopping and disrupting actions.
  • Unit 13: Includes business sales, customers, management, and staff changes. Covers concepts like items for sale, revenue changes, and flexible work hours.
  • Unit 14: Includes the planning or organizing of activities over time or events, and being ready for use and access. Includes information about products/services (brochures), and persons/companies who provide goods (suppliers).

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