
BTEC Enterprise Component 3 Quiz
Authored by James Crutchley
Business
12th Grade
Used 15+ times

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85 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary purpose of a business plan in an enterprise?
To secure funding from investors
To outline the business's goals and strategies
To hire employees
To determine the business's location
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a characteristic of an entrepreneur?
Risk aversion
Inflexibility
Innovation
Dependence on others
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In a SWOT analysis, what does the 'W' stand for?
Wealth
Weaknesses
Wins
Workforce
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a financial objective of a business?
Increasing employee satisfaction
Reducing carbon footprint
Maximising profit
Enhancing brand image
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the formula for calculating profit?
Revenue - Expenses
Assets - Liabilities
Revenue + Expenses
Assets + Liabilities
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is an example of a fixed cost for a business?
Raw materials
Wages
Rent
Utilities
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the term for the amount of money a business earns from its normal business activities?
Revenue
Profit
Loss
Equity
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