Self Employment/Freelancing Quiz

Self Employment/Freelancing Quiz

1st - 5th Grade

10 Qs

quiz-placeholder

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Self Employment/Freelancing Quiz

Self Employment/Freelancing Quiz

Assessment

Quiz

Professional Development

1st - 5th Grade

Practice Problem

Medium

Created by

Miss Christy

Used 91+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How do you come up with a good business idea?

Do exactly what your competitors are doing

Aim to meet a need or needs that aren't being met in the current market

Always purchase goods at a low cost and sell them for significantly higher

Keep changing your idea every 6 months

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is primary research?

Using an online search tool to figure out what's currently popular

Using past studies and industry journals to improve your idea

Carrying out your own research e.g. observation or test marketing

Researching investors that could support your business

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is an executive summary?

A list of all the people you plan to employ in your business

The last section of your business plan that includes further documents and resources

The section of your business plan that explains finances

The first section of your business plan that summarises key points

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How many workers do you think are self-employed in the UK?

50 million people

1 million people

3 million people

5 million people

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How much do self-employed people contribute to the UK economy?

£400,000

£275 billion

£5 billion

£50 million

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When does the tax year start and end?

September to July

Jan 1st to Dec 31st

6th April to 5th April

Christmas to Christmas

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When you are self-employed you have to pay tax directly to the HMRC. What does HMRC stand for?

Her Majesty's Royal Corgis

Honourable Mum's running clubs

Heavy metal real curses

Her Majesty's Revenue & Customs

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