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UB - REVISION

Authored by Mrs Tahir

Business

3rd Grade

Used 4+ times

UB - REVISION
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18 questions

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1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What are the Factors of Production?

Land, Labour, Capital & Enterprise

Primary, Secondary & Tertiary

Private, Public & Third

All of the above

2.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

What 2 skills are needed by an Entrepreneur?

I.C.T

Patience

Financial

Confidence

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which is an advantage of using a Bank Loan as a source of finance?

Fixed, regular payments means the business can budget

Full amount must be paid back plus interest

Penalties for late payments

It comes with certain criteria such as where to set up

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which of the following are Sources of Advice?

Prince's Trust

Banks

Chambers of Commerce

All of the above

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

'Businesses who do not extract raw materials from the? ground but provide a service' is an example of which Sector of Industry?

Primary

Secondary

Tertiary

Neither of the above

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which is a definition of the Private Sector?

Businesses who are owned and controlled by private individuals

Businesses who are owned and controlled by the government

Businesses who aim to raise awareness of a good case

All of the above

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Who are Private Limited Companies owned by?

Shareholders

Board of Directors

2-20 partners

1 person, the individual

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