Business Unit 1 Flashcards 0.0 / 5 ? Business StudiesALL UNIT 1GCSEAQA Created by: sonyabCreated on: 29-11-17 20:56 WHAT IS A CASH FLOW FORECAST? Document that tells you inflows/outflows 1 of 13 WHAT DOES DEFICIT MEAN? When you have no money. 2 of 13 WHAT DOES INFLOWS MEAN? The money coming in 3 of 13 WHAT DOES OUTFLOWS MEAN? Money leaving 4 of 13 WHAT ARE FRINGE BENEFITS? Benefits given to staff. For example a company car, private health care etc. 5 of 13 WHAT IS BATCH PRODUCTION? Groups of identical products that are not specialised and made at the same time. 6 of 13 WHAT IS JOB PRODUCTION? One item made at a time and are specialised. 7 of 13 WHAT IS A SALARY? A fixed wage for a set number of hours. 8 of 13 WHAT IS PRIMARY PRODUCTION? Collecting raw materials. For example Coal, Oil, Metals 9 of 13 WHAT IS SECONDARY PRODUCTION? Manufacturing. For example buildings. 10 of 13 WHAT IS TERTIARY PRODUCTION? Providing a service. For example Finance Transport. 11 of 13 GIVE THREE LAWS PROTECTING STAFF IN THE WORKPLACE? Any three from: Race Relations Act, Equal Pay Act, Gender Discrimination Act, Disability discrimination Act, Minimum wage Act, Health and Safety Act 12 of 13 WHAT IS A BUSINESS PLAN? Set of documents you must have when starting a business. 13 of 13
OCR Cambridge National I Enterprise and Marketing Level 1/2 (Business Studies Keywords/Concepts Flashcards) 4.5 / 5 based on 2 ratings
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