S3 BF 1. Introduction to Business

Which skill is being described here ... "is numerate and able to understand the cash flows of the business and take decisions which increase profits".

• Financial Skills
• IT Skills
• Communication Skills
• Leadership Skills

Which skill is being described here ... "able to use technology to make the business more efficient e.g. use of databases to store customer details"

• Financial Skills
• IT Skills
• Communication Skills
• Leadership Skills

Which skill is being described here ... "able to express views clearly to staff and customers both verbally and in written format"

• Financial Skills
• IT Skills
• Communication Skills
• Leadership Skills

What is the best definition of the quality of the entrepreneur "determined"?

• Able to keep going even when faced with a business difficulty
• Able to problem solve complex tasks
• Able to stay calm under pressure
• Able to think up creative ideas

What is the best definition of the quality "enterprising"?

• Able to keep going when faced with problems
• Able to encourage others to keep going when faced with problems
• Able to stay calm under pressure
• Able to take advantage of opportunities that others don't see

What is the best definition of the quality "risk taker"?

• Able to keep going when faced with problems
• Able to encourage others to keep going when faced with problems
• Willing to take a chance on a business opportunity despite there being a possibility that it might not work out
• Able to take advantage of opportunities that others don't see

What is the missing word in the statement as to why people may start up a business.
"To further develop a _______ or interest"

• Hobby
• Sport
• Qualification
• Following

What are the missing words in the statement as to why people may start up a business.
"To make sufficient ______ to earn a large ________ "

• products and return
• items and income
• profits and salary
• customers and dividend

What are the missing words in the statement as to why people may start up a business.
"They spotted a _____ in the  ________

• product and country
• gap and market
• rival and sector
• business and industry

The following is a feature of which type of business organisation? 
"It can be set up by just one individual very quickly"

• Sole Trader
• Partnership
• Both Sole Trader and Partnership