People in Business

People In Business

Need to Know

1. Define a stakeholder.
2. Identify four business stakeholders.
3. Illustrate your understanding of the term stakeholder.
4. Distinguish between a stakeholder and a shareholder.
5. Define an entrepreneur.
6. Identify four famous entrepreneurs.
7. Explain some of the rewards and risks associated with being an entrepreneur.
8. What is an investor?
9. What is capital?
10. Distinguish between debt and equity capital?
11. Describe the relationship between the entrepreneur and the investor.
12. Distinguish between an employee and employer.
13. Describe the relationship which exists between the employer and employee.
14. Describe the role of a manager in the business.
15. What skills does a good manager possess?
16. Identify four famous business managers.
17. What is a consumer?
18. Describe the relationship that exists between a consumer and a retailer/producer.
19. Name four types of service provider in Ireland.
20. Illustrate the importance of a service provider.
21. Define an interest group.
22. Illustrate your understanding of the term interest group.
23. Define a cooperative relationship.
24. Illustrate your understanding of a cooperative relationship.
25. Define a competitive relationship.
26. Illustrate your understanding of the term competitive relationship.
27. Define a competitive relationship.
28. Illustrate your understanding of a dependent relationship.
29. Define a dynamic relationship.
30. Illustrate your understanding of a dynamic relationship.

Contract Law
1. What is a contract? Why is a contract drawn up between parties?
2. Illustrate your understanding of the term contract.
3. Define an offer.
4. Distinguish between an offer and an invitation to treat.
5. Explain how an offer can be terminated.
6. Define acceptance.
7. Illustrate your understanding of acceptance
8. Define consideration.
9. Illustrate your understanding of consideration.
10. Define intention to contract
11. Illustrate your understanding of intention to contract.
12. Define capacity to contract.
13. Illustrate your understanding of capacity to contract.
14. Define consent to contract.
15. Illustrate your understanding of consent to contract.
16. Define legality of form.
17. Illustrate your understanding of legality of form.
18. Define legality of purpose.
19. Illustrate your understanding of legality of Purpose.