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2. What is a definition of leadership

  • being able to manage employees effectively
  • the process of influencing others to work willing towards an organisation's goals
  • being able to manage a team successfully to complete a task

3. Why do firms use break even analysis

  • to measure a loss over a period of time
  • to calculate in advance the level of output needed to break even
  • to measure profit

4. A cost that change with the level of output

  • Variable Costs
  • Overheads
  • Expenditure
  • Fixed Costs

5. Which one of these is a non profit motive for becoming an entrepreneur

  • getting respect
  • Being self satisfied
  • making profit

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