LO1 - Introduction to Business Enterprise (NCFE)

LO1 - Introduction to Business Enterprise (NCFE)

9th Grade

30 Qs

quiz-placeholder

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LO1 - Introduction to Business Enterprise (NCFE)

LO1 - Introduction to Business Enterprise (NCFE)

Assessment

Quiz

Business

9th Grade

Practice Problem

Medium

Created by

C Dyde

Used 144+ times

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30 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Enterprise is

having an idea, taking a risk and trying to make a business out of a venture.

having an idea and getting someone else to take the risk

having an idea and doing nothing about it

using someone elses idea

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A sole trader is

a business owned by 2 or more people

a business owned by 1 person

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

After paying tax, a sole trader can keep all of the profit.

True

False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A sole trader only has one person working in the business

True

False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a stakeholder?

Someone who hold the steak

Someone who has a financial interest in a business

Anyone with an interest in a business

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a franchise?

When you work in a shop

Working in Mcdonalds

a right given to one business to another to sell its products.

When you work for a company for over 10 years.

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

An entrepreneur is someone who

is an employee of a business enterprise

takes the risk of starting and managing a business venture

works for the government to provide public services

just provides capital to a business start-up

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