OCR 1-9 Business 1.1 - The role of enterprise and entrepreneurs

Authored by Arron Smith

Business, Education

10th - 11th Grade

Used 368+ times

OCR 1-9 Business 1.1 - The role of enterprise and entrepreneurs

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10 questions

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MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why do business exist?

To satisfy the needs of customers

To help owners make a living

To help the government collect tax

To provide jobs

To realise opportunities within the market

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is enterprise?

The creation of a business

The management of the economy

The skill of being able to sport an opportunity

The skills that an entrepreneur has

Government funded businesses

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of following are the characteristics of an entrepreneur (as stated by the exam board)

Determination, Academic, Literate, Management

Hard working, Adaptable, Resilient, Creativity

Accounting, Management, Sales technique, Determination

Self belief, Motivation, Confidence, Leadershio

Creativity, Risk taking, Determination, Confidence

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

True or false: A good entrepreneur will take calculated risks

True

False

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a potential reward for taking calculated risks?

Independence - be your own boss

Pay less tax

Financial gain

Self-satisfaction

Changing customers habits

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a potential drawback of taking calculated risks?

Loss of investment

Poor health

Strained relationships

Loss of business license

Loss of income

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Business exist to:

Provide quality goods to people who can afford them

Sell goods to a particular target audience

Meet the needs of all of their customers

Research ways to make products better

Increase the amount of tax collected by the Government

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OCR 1-9 Business 1.1 - The role of enterprise and entrepreneurs

Why do business exist?

What is enterprise?

Which of following are the characteristics of an entrepreneur (as stated by the exam board)

True or false: A good entrepreneur will take calculated risks

Which of the following is NOT a potential reward for taking calculated risks?

Which of the following is NOT a potential drawback of taking calculated risks?

Business exist to:

True or False: A entrepreneur needs to be excellent at financial management

True or False: All business ideas must start with a brand new idea if they are to be successful

Which of the following is an example of a business organisation

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