5324841
Description
Quiz by libbytorney, updated more than 1 year ago
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Created by libbytorney
over 8 years ago
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Question 1
Question
Entrepreneurship is the ability and willingness to start, operate and assume the risk of a business venture in the hope that you will make a profit.
Answer
- True
- False
Question 2
Question
A sole trader is an unincorporated structure of a business ownership which has more than 2 and less than 50 partners.
Answer
- True
- False
Question 3
Question
A partnership business structure can have up to 400 shareholders.
Answer
- True
- False
Question 4
Question
Buying a Franchise means buying the rights from another business, to distribute its products under its name.
Answer
- True
- False
Question 5
Question
A complimentary business offers products or services that are different to yours but are aimed at the same customers in a shopping precinct such as a shopping strip or centre.
Answer
- True
- False
Question 6
Question
An accountant will provide interest free loans and free advice on financial services at your bank.
Answer
- True
- False
Question 7
Question
A solicitor can provide information on business formation and structure, registration, contracts, leases and more.
Answer
- True
- False
Question 8
Question
Business enterprise centres (BEC), Chamber of Commerce and local government are all sources of legal and business management advice.
Answer
- True
- False
Question 9
Question
One of the following are forms of business ownership:
Answer
-
sole trader, partnership, company
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accountant, engineer, company
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incorporated, partnership, large business
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shopping centre, home based, online
Question 10
Question
Which choice best describes market research?
Answer
-
identify who, what and where
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Identify information, gather, analyse and interpret
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market, competitors, product, service
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none of the above
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