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GM Business Vocab

  •  English    9     Public
    Vocab for GM Admin
  •   Study   Slideshow
  • What is the name of a person or organisation that is the first to try new ideas? A - Franchise B - Entrepreneur C - Innovator
    C- Innovator
  •  15
  • What is the name of a person that starts a business? A - Assets B - Franchise C - Entrepreneur
    C - Entrepreneur
  •  15
  • What is the name of a business operating under a licence granted by the company? A - Franchise B - Profit C - Liability
    A - Franchise
  •  15
  • What is the name of money earnt by a business after the expenses and taxes have been deduced? A - Outsourcing B - Profit C - Loss
    B - Profit
  •  15
  • What is the name of something valuable that an entity owns? A - Profit B - Innovator - C - Assets
    C - Assets
  •  15
  • What is the name of the legal debts and obligations of an organisation? A - Business plan B - Liabilities C - Business plan
    B - Liabilities
  •  15
  • What is the practice of subcontracting portions of work to outside suppliers, in order to reduce costs? A - Outsourcing B - Innovator C - Profit
    A - Outsourcing
  •  15
  • What term refers to a Rental Contract ? A - Tender B - Assets C - Lease
    C - Lease
  •  15
  • Retrofitted refers to when something is? A - Modernised B - Auctioned C - Sold to a partner
    A - Modernised
  •  15