S2 Business

Which of these is the most important quality of a successful entrepreneur?

• Determination

• Communication

• Persuasion

• Taking risks

An entrepreneur is someone who

• controls a business

• takes a risk to manage a business

• takes a risk to start up a new business

• makes a large profit.

Which of these is not an example of goods?

• Hand sanitiser

• Gardening

• Football boots

• iPhones

Which of the following is MOSTLY a provider of services?

• Tesco

• Estate agency

• Subway

• None of these - they are mostly goods

Which of these is not one of the factors of production names that we learned about?

• Labour

• Money

• Enterprise

• Land

Which factor of production is to do with coal production?

• Land

• Labour

• Capital

• Enterprise

Which factor of production includes teachers, shop assistants and other employees?

• Enterprise

• Personnel

• Labour

• Capital

The property and money of an organisation is part of this factor of production.

• Capital

• Estates

• Enterprise

• Labour

Which factor of production is to do with acquiring raw materials?

• Primary

• Secondary

• Tertiary

• None of these

The factor of production involved with taking raw materials and making them into chairs, for example , is

• Primary

• Secondary

• Tertiary