2023/24 Summer Task
Authored by Grace Holford
Business
Professional Development
Used 1+ times
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10 questions
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1.
OPEN ENDED QUESTION
3 mins • 1 pt
What is the Private sector?
Evaluate responses using AI:
OFF
Answer explanation
Businesses owned by individuals
2.
OPEN ENDED QUESTION
3 mins • 1 pt
What is the Public Sector?
Evaluate responses using AI:
OFF
Answer explanation
Organisations financed by public money
3.
OPEN ENDED QUESTION
3 mins • 1 pt
What is the voluntary sector?
Evaluate responses using AI:
OFF
Answer explanation
Organisations financed by donations or subscriptions
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a sole trader?
A business owned by 2 or more people
A business owned by 1 person
A company
Answer explanation
A sole trader is when 1 person owns a business. They can trade in their name or a business trading name.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the two types of limited companies?
Private and Public
Private and Partial
Public and Partial
None of these
6.
OPEN ENDED QUESTION
3 mins • 1 pt
Give 3 examples of financial transactions
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Answer explanation
Sales, purchases, payments to the bank or payments from the bank
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A letter to a member of the public responding to a complaint is...
Formal and internal
Formal and external
Informal and internal
Informal and external
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