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Question 1
Question
Which of these is an incorrect statement for entrepreneurs when starting up a new business?
Answer
-
You get to be your own boss
-
You make your own rules
-
Starting up your own business is easy to do
Question 2
Question
Government grants contribute to the costs of a project
Answer
- True
- False
Question 3
Question
Government grants have to be paid back
Answer
- True
- False
Question 4
Question
Which explanation best describes opportunity cost?
Answer
-
The cost of the next best alternative
-
Having the opportunity to charge different prices to different customers
-
Taking the opportunity to pay for the cost of expenditures in order to increase success
Question 5
Question
Why do people brainstorm?
Answer
-
To get creative ideas through open-ended discussion
-
To get staff members ready for the proceedings of the day
-
To allow others to speak about the things they don't like about the business
Question 6
Question
A franchise is a business contract to allow a business to buy products form other businesses
Answer
- True
- False
Question 7
Question
What is trademark?
Answer
-
The protection given to books and plays
-
The right to produce a product
-
A way in which business differentiates itself from it's competitors
Question 8
Question
Business activity is classified in 4 different sectors?
Answer
- True
- False
Question 9
Question
In a stratified sample everyone has an equal chance of being in the sample
Answer
- True
- False
Question 10
Question
Motivation can be done by...
Answer
-
Giving people a pay rise
-
Allowing staff to talk to customers
-
Make staff work longer hours
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