Business Q1

An entrepreneur is an individual who

• Works for a business

• Buys land

• Works in real estate

• Takes the risk and starts a business

Which of the following is NOT a way of measuring business size ?

• Employees

• Profit

• Value of assets

• Revenue

Which of the following is NOT a primary sector activity?

• Baking

• Farming

• Fishing

• Mining

Governments often try to prevent individuals from starting up businesses so that they can control the entire economy

• True

• False

Which of the following is NOT a reason why a business would wish to grow?

• More profit

• To build a better brand reputation

• To prevent the loss of control

• To prevent takeovers by competitors

What do tertiary sector businesses do?

• Extract raw materials

• Make goods

• Provide services

The section of your business plan that sums up everything an investor needs to know before investing is called

• Table of contents

• Executive summary

• Market Analysis

• Funding requirements

Which of the following individuals/groups would be LEAST likely to use your business plan?

• Investors

• Banks

• the entrepreneur

• Employees

Public sector businesses are owned by

• Members of the public

• Government

• The public corporation

Which of the following is NOT a way that governments use to support small start-up businesses?

• High interest loans

• Low interest loans

• Tax breaks

• Training