Chapter 3: Enterprise, business growth and size

Chapter 3: Enterprise, business growth and size

10th - 12th Grade

11 Qs

quiz-placeholder

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Chapter 3: Enterprise, business growth and size

Chapter 3: Enterprise, business growth and size

Assessment

Quiz

Other

10th - 12th Grade

Medium

Created by

Dean Hoss

Used 2K+ times

FREE Resource

11 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The advantage of a person becoming an entrepreneur is:
more money'll always be earned than working for an employer
there is more independence than when working for an employer 
Less risk of business failure 
no oppotunity cost involved in becoming anentepeneur

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

An important characteristic of a successful entrepreneur is that:
they are always rich
they are risk takers
they are usually shy
they want to avoid hard work

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A business plan for a new business will include all of the following except
financial forecasts
market research data
details of the business owners
previous years' accounts

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What benefit does drawing up a business plan bring for a new entrepreneur?
it shows exactly how much money the firm will make
it makes sure the bank will lend all the capital needed
it means that the business start up has no risk of failure
it helps in organising the resources needed for the new firm

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is not an effective way of measuring the size of a business?
number of employees
value of sales
value of capital invested
profit level

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following options is most likely to be a reason why a firm may wish to expand?
To keep control of the business
To increase the level of profits the firm will make
To encourage competition
To avoid publicity

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which of the following is an example of horizontal integration between two businesses?
An oil company and an insurance company merge
A shoe shop buys out a shoe factory
A steel firm takes over a coal mine that supplies coal
Coca-Cola takes over a small soft drink business

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