Business Revision

Business Revision

Professional Development

20 Qs

quiz-placeholder

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Business Revision

Business Revision

Assessment

Quiz

Business

Professional Development

Practice Problem

Medium

Created by

Christine Baty

Used 24+ times

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an example of a social enterprise?

Advertising agency
Computer manufacturer
Restaurant training young offenders
Caravan site

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is not an advantage of buying a franchise?

Make more profit
Access to a successful business idea
Lower costs
Have total control of a business

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a benefit of writing a business plan?

It takes time
You use a word processor
You choose what you want to do
You identify risks

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What benefit does limited liability give an entrepreneur?

More sales
Access to greater market information
Reduced number of competitors
Protection of personal assets

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

'Smart' Targets are...

Specific, Measurable, Attainable, Realistic, Time Bound

Sensible, Mature, Achievable, Relevant, True

Specific, Managed, Accurate, Realistic, Technological

Single, Managed, Appropriate, Relevant, Time Bound

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An entrepreneur is the person who is willing to take the risk to see whether or not his or her idea will work.

True

False

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Sole traders belong to the...

Third sector

Private sector

Public sector

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