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- 1. Multiple ChoiceWhy do business exist?To satisfy the needs of customersTo help owners make a livingTo help the government collect taxTo provide jobsTo realise opportunities within the market
- 2. Multiple ChoiceWhat is enterprise?The creation of a businessThe management of the economyThe skill of being able to sport an opportunityThe skills that an entrepreneur hasGovernment funded businesses
- 3. Multiple ChoiceWhich of following are the characteristics of an entrepreneur (as stated by the exam board)Determination, Academic, Literate, ManagementHard working, Adaptable, Resilient, CreativityAccounting, Management, Sales technique, DeterminationSelf belief, Motivation, Confidence, LeadershioCreativity, Risk taking, Determination, Confidence
- 4. Multiple ChoiceTrue or false: A good entrepreneur will take calculated risksTrueFalse
- 5. Multiple ChoiceWhich of the following is NOT a potential reward for taking calculated risks?Independence - be your own bossPay less taxFinancial gainSelf-satisfactionChanging customers habits
- 6. Multiple ChoiceWhich of the following is NOT a potential drawback of taking calculated risks?Loss of investmentPoor healthStrained relationshipsLoss of business licenseLoss of income
- 7. Multiple ChoiceBusiness exist to:Provide quality goods to people who can afford themSell goods to a particular target audienceMeet the needs of all of their customersResearch ways to make products betterIncrease the amount of tax collected by the Government
- 8. Multiple ChoiceTrue or False: A entrepreneur needs to be excellent at financial managementTrueFalse
- 9. Multiple ChoiceTrue or False: All business ideas must start with a brand new idea if they are to be successfulTrueFalse
- 10. Multiple Choice
Which of the following is an example of a business organisation
Google
Charity shop
Steyning Grammar School
West Sussex Fire and Rescue
All of them
- 11. Multiple ChoiceWhich is NOT an example of a good?steelpowerautomobilesaircraft parts
- 12. Multiple Choice
Identify the natural resources that are being exploited in the primary sector? (REM)
Agriculture
Fishing
Forestry
All the above
- 13. Multiple Choice
Explain the difference between primary, secondary and tertiary. (UND)
The Primary Sector is that part of the economy trees are drawn as raw materials.
Secondary sector is the sector where the raw materials are manufactured.
Tertiary sector is when services are rendered.
All the above
- 14. Multiple Choicethis is the manufacturing and assembly processPrimary SectorSecondary SectorTertiary Sector
- 15. Multiple ChoiceHairdressers are which sector?Primary SectorSecondary SectorTertiary Sector
- 16. Multiple ChoiceFood manufacturing is which sector?Primary SectorSecondary SectorTertiary Sector
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