AQA GCSE Business (9-1)

Select all the qualities of entrepreneurs below?

• Hardworking

• Risk Taking

• Stubborn

• Over confident

• Organised

What sector of the economy?

• Primary

• Secondary

• Tertiary

A hospital would be part of which sector of the economy?

• Primary

• Secondary

• Tertiary

What are the four factors of production?

• Land, Labour, People, Resources

• Resources, Enterprise, People, Land

• Land, Labour, Capital, Enterprise

• Enterprise, Capital, People, Resources

Unlimited liability is a disadvantage of which ownership?

• Sole Trader

• Partnership

• Sole Trader & Partnership

• Private Limited Company (Ltd)

How many people can be in a partnership?

• 2

• 2-10

• 2-20

• 2-100

Select all of the statements that are true about PLC's

• Anyone can buy shares

• They have limited liability

• They are owned by shareholders

• The accounts are private

What does the benefit of limited liability give a business?

• Increased sales

• Reduced competition

• Protection of personal assets

• Access to a larger market

Businesses with primarily social objectives whose surplus profits are reinvested for that purpose in the business or community are known as...

• Not-for-profit

• Social Enterprise

• Charity

Which of these is not a typical aim of a business?

• Survival

• Growth

• Increase Market Share

• Lower Prices

• Social & Ethical