jadepalmer98
Quiz por , criado more than 1 year ago

GCSE Business Studies (Unit 1 (Starting a Business)) Quiz sobre Business Studies Unit 1 Quiz, criado por jadepalmer98 em 19-01-2014.

486
9
2
jadepalmer98
Criado por jadepalmer98 mais de 10 anos atrás
Fechar

Business Studies Unit 1 Quiz

Questão 1 de 15

1

Why are businesses set up?

Selecione uma ou mais das seguintes:

  • Financial Reasons

  • Personal Reasons - wanting to be their own boss

  • They were told to

  • To help others - by setting up a charity, for example

Explicação

Questão 2 de 15

1

The most important aim for most businesses is to survive and make a profit

Selecione uma das opções:

  • VERDADEIRO
  • FALSO

Explicação

Questão 3 de 15

1

What qualities do entrepreneurs need?

Selecione uma ou mais das seguintes:

  • Initiative - to seek out business opportunities

  • Money - to start up the business

  • Leadership skills - to motivate workers

  • The ability to think ahead and take risks

Explicação

Questão 4 de 15

1

Identify an advantage of being a sole trader

Selecione uma das seguintes:

  • You can sell shares to family and friends

  • They're easy to set up

  • You have unlimited liability

  • You don't get any holiday time as you have to look after your business

Explicação

Questão 5 de 15

1

Which of these is a disadvantage of being a sole trader?

Selecione uma ou mais das seguintes:

  • You get to be your own boss

  • You have unlimited liability

  • You get to make all the decisions

  • You can't bounce ideas off of other owners

Explicação

Questão 6 de 15

1

How many partners make a partnership?

Selecione uma das seguintes:

  • 2

  • Up to 10

  • 2-20

Explicação

Questão 7 de 15

1

Which of these are disadvantages of being in a partnership?

Selecione uma ou mais das seguintes:

  • You are all legally responsible for each other

  • You have unlimited liability

  • More capital put into the business

Explicação

Questão 8 de 15

1

The paperwork relating to a partnership is called

Selecione uma das seguintes:

  • A partnership agreement

  • A deed of partnership

Explicação

Questão 9 de 15

1

Which of these are true about Private Limited Companies(PLCs)?

Selecione uma ou mais das seguintes:

  • You can sell shares on the stock exchange

  • You have limited liability

  • You must have a Memorandum of Association & Article of Association

  • You are owned by shareholders

Explicação

Questão 10 de 15

1

Limited Liability companies have their own identity

Selecione uma das opções:

  • VERDADEIRO
  • FALSO

Explicação

Questão 11 de 15

1

Which of these is the definition of a franchise?

Selecione uma das seguintes:

  • The right to sell another firm's products

  • A shop that looks like and sells the same products as the 'mother' shop

Explicação

Questão 12 de 15

1

Which of these are business aims?

Selecione uma ou mais das seguintes:

  • Survival

  • Making a profit

  • Growing

  • Increasing market share

  • Being environmentally sustainable

  • Ethical considerations

  • Keeping customers happy

Explicação

Questão 13 de 15

1

Which of these is correct?

Selecione uma das seguintes:

  • An objective is a short term goal used like a stepping stone to reach the businesses aims

  • An aim is a short term goal used like a stepping stone to reach the businesses objectives

Explicação

Questão 14 de 15

1

SMART stands for Specific, Measurable, Achievable, Realistic, Time Scale

Selecione uma das opções:

  • VERDADEIRO
  • FALSO

Explicação

Questão 15 de 15

1

A business plan should include...

Selecione uma ou mais das seguintes:

  • Mission Statement

  • Objectives of the business

  • How much start-up capital will be needed

  • Product description

  • Aims of the business

  • Credit history of parents/ guarantors

Explicação

Anterior
Próximo