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- 1. Multiple Choice
Which of the following is NOT an economic factor?
Inflation
Exchange Rates
Taxation
Political parties
- 2. Multiple Choice
When inflation rises, what TWO effects could occur on a business?
Prices rise
Costs of raw materials rise
Profit margins rise
Exchange rates rise
- 3. Multiple Choice
What happens when an exchange rate depreciates?
Imports cheaper, exports dearer
Imports cheaper, exports cheaper
Imports dearer, exports dearer
Imports dearer, exports cheaper
- 4. Multiple Choice
Why will a business benefit from an exchange rate appreciation?
Cheaper imported raw materials
Cheaper exported finished goods
Cheaper workers
- 5. Multiple Choice
If interest rates fall, what would ASDA do?
Take out a loan
Pay back their debts
Sell more machinery
- 6. Multiple Choice
If taxes fall, what TWO things would Tesco expect to see?
A rise in sales
A rise in profit margins
Less customers
A fall in competition
- 7. Multiple Choice
Risk can be defined as?
events like these threaten the security of a business
the possibility of damage, injury, or loss
the kind of risk consists of hazards such as a fire or a hurricane, death of key employees, or customer injuries on the premises of the business.
- 8. Multiple Choice
Low unemployment rates mean that:
consumers have more money to spend
demand for luxury products will be low
consumers have lower disposable incomes
- 9. Multiple Choice
Inflation is best described as:
the number of people who are willing and able to work
all those who have an interest in the running of a business
a general rise in prices or the cost of living
an increase in demand for a particular product
- 10. Multiple Choice
VAT stands for
value asset tax
value and time
value added tax
- 11. Multiple Choice
Independence, personal satisfaction, and prestige are considered by most entrepreneurs as being
important advantages of being self-employed
an insignificant part of being an entrepreneur
desirable, but unattainable as an entrepreneur
attainable only by working for a large corporation
- 12. Multiple Choice
The characteristic that accounts for an entrepreneur's tendency to stick to a task until it is complete is
self-confidence
persistence
restlessness
independence
- 13. Multiple Choice
Most entrepreneurs consider ______________________ as the biggest reward of owning a business.
prestige
making profits
being your won boss
personal satisfaction
- 14. Multiple Choice
________________ is a good reason not everyone wants to be an entrepreneur.
Risk
Technology
Competition
Reward
- 15. Multiple Choice
Who is this entrepreneur?
Lord Sugar
Richard Branson
Steve Jobs
Kanye West
- 16. Multiple Choice
Who is this entrepreneur?
Karen Brady
Anita Roddick
Beyonce
Kim Kardashian
- 17. Multiple Choice
What company did this famous entrepreneur start?
Instagram
Twitter
Facebook
Snapchat
- 18. Multiple Choice
Is money the main reason why people become entrepreneurs?
yes
no
don't know
- 19. Multiple Choice
Creator of the electric light bulb?
Albert Einstein
Thomas Edison
Henry Ford
Steven Hawking
- 20. Multiple ChoiceWho started Google?Steve JobsBill GatesLarry Page & Sergei BrinMark Zuckerberg
- 21. Multiple ChoiceWhat is Entrepreneurship?Buying an existing, successful businessWorking at Macca's part timeHaving an idea and taking risks to start a new businessWorking from home
- Answer choicesTagsAnswer choicesTags