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11BM - U1 AOS1 KK2 v1

Horizontales
C______ p___ are processed resources (ie, human-made objects) that are consumed or converted by production.
_____ profit is the amount of money that remains after a business’ cost of sales is deducted from its revenue.
A s____ u__ is a business that is in the early stages of its establishment.
A business’ e____ are equal to the cost of sales plus other costs, such as the cost of rent, utilities and cleaning.
L_____ refers to the mental effort, physical effort, knowledge and skills contributed by human beings to the production process.
____ profit is the amount of money that remains after a business’ expenses are deducted from its revenue.
U_______ includes basic services that are used in the production process, such as the supply of gas, electricity and water.
The c_______ skill is the manager’s ability to clearly and concisely send information to, and receive information from, a business’ stakeholders, such as the business’ customers and employees.
The p_______ skill is the manager’s ability to set business objectives and determine the strategies that will be used to achieve these objectives.
The d________ skill is the manager’s ability to transfer the authority and responsibility to carry out specific tasks from the manager to one or more employees.
The l______ skill is the manager’s ability to influence or motivate a business’ stakeholders – such as its employees – to work towards the achievement of business objectives.
A business’ c___ o__ s___ is equal to the direct costs of producing a good or providing a service (ie, costs that can be linked to a specific sale).
A s____ enterprise is a type of business that has the primary objective of fulfilling a social need – such as improving the community and/or the environment – while also making a profit.
Verticales
In the context of U1 AOS1 KK2, p_______ motivation is an individual’s personal reason(s) (ie, individual reasons) for starting a business.
F_______ independence is an individual’s desire to have enough income to fund their preferred lifestyle without relying on income from other individuals.
A business is fulfilling a s____ n____ if its business activities are helping to make the world a better place by improving human wellbeing, the community and/or the environment.
A business’ r_____ is the amount of money the business has earnt from selling its goods and/or services.
P_______ independence is an individual’s desire to have full control over their own decisions and actions.
In a broad sense, s___ are a person’s ability to apply their knowledge to different situations.
R__ m____s are unprocessed resources that are taken directly from the natural environment, such as unprocessed minerals or farm produce.
The i_________ skill is the manager’s ability to deal or liaise with a business’ stakeholders and build positive relationships with staff.
The d____-m____ skill is the manager’s ability to identify the options available and then choose a specific course of action from the alternatives.
M_______ is what drives a person to apply individual effort over a sustainable period of time.
A business is fulfilling a m____ n___ if it is providing goods and/or services that meet the desires of a group of customers with similar needs.
In a broad sense, a person’s k______ is the extent to which they are aware of, and understand, different concepts and pieces of information.
C______ resources are processed resources (ie, human-made objects) that contribute to a business’ production process, but are not consumed or converted by the process.