Benchmark Y1 - 2025

Which of these is a private sector business?

• Local council

• Police service

• Sole trader bakery

• NHS hospital

Which business type has unlimited liability?

• Private limited company (Ltd)

• Sole trader

• Public limited company (PLC)

• Cooperative

A charity is an example of:

• For-profit business

• Not-for-profit business

• Private sector business

• Cooperative

Which business sector extracts raw materials?

• Primary

• Secondary

• Tertiary

• Quaternary

A business that designs apps for smartphones works in which sector?

• Primary

• Secondary

• Tertiary

• Quaternary

A business with 200 employees is classed as:

• Micro

• Small

• Medium

• Large

Which is most likely to be an aim of a public sector organisation?

• Maximise profits

• Provide value for money

• Gain market leadership

• Increase shareholder dividends

Which of the following is an internal stakeholder?

• Supplier

• Customer

• Manager

• Government

Which of these is an external stakeholder?

• Employees

• Owners

• Competitors

• Managers

Which stakeholder is most interested in shareholder value?

• Community

• Employees

• Shareholders

• Customers