In a broad sense, s___ are a person’s ability to apply their knowledge to different situations.
A resource has been c_______ by a production process if the resource still exists, but has changed as a result this process.
If a business needs to ‘r____ capital’, capital is a synonym of finance / funds.
The i_________ skill is the ability to deal or liaise with a business’ stakeholders and build positive relationships with staff.
M_______ is what drives a person to apply individual eff
ort over a sustainable period of time.
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.
A capital gain is ‘r________’ when an individual or business sells this asset for a profit.
C______ p___ are processed resources (ie, human-made objects) that are consumed or converted by production.
L______ means to act as a communication link between different people or groups.
The d________ skill is the ability to transfer the authority and responsibility to carry out specific tasks from the manager to one or more employees.
The c_______ skill is the ability to clearly and concisely send information to, and receive information from, a business’ stakeholders, such as the business’ customers and employees.
P_______ motivation is a person's individual reasons (ie, personal reasons) for starting a business venture.
In this context, money isn’t a resource. Instead, money is a m___ o_ e______ that can be used to acquire resources.
The p____ skill is the ability to set business objectives and determine the strategies that will be used to achieve these objectives.
(iv) The decision-making skill.