Y11 Unit1 Quiz

Y11 Unit1 Quiz

10th - 11th Grade

9 Qs

quiz-placeholder

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Y11 Unit1 Quiz

Y11 Unit1 Quiz

Assessment

Quiz

Business

10th - 11th Grade

Hard

Created by

Ajay Bhatti

Used 5+ times

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9 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A business that sells the rights to trade using its name, logo and products...

A partnership

A franchisee

A franchise

An Ltd

2.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

Reasons for starting a business are

To keep all the profits

To be your own boss

To escape a boring job

To be motivated

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A Sole Trader would experience

Limited Liability

Stress of decision making

Loneliness of having no employees

Decisions taking too long due to discussion

4.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

Which of these are Stakeholders

Customers

Employees

Competitors

Shareholders

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A benefit of writing a business plan could be

Avoids fines as it is a legal document

Guarantees a profit will be made

A bank is more likely to lend money

Increases the risk of the business failing

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Sales Revenue is calculated by...

Price x Total Cost

Profit - Variable Costs

Fixed Costs + Variable Costs

Price x Output

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The factors of production are...

Capital, Costs, Risk, Location

Land, Skills, Ideas, Profit

Capital, Enterprise, Land, Labour

Labour, Location, Costs, Enterprise

8.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A farmer is in which industrial sector?

Primary

Secondary

Tertiary

Quarternary

9.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Shareholders are...

Anyone with an interest in a business

Groups of people who can tell the business their ideas

Owners of limited companies who expect a dividend from profits

Local businesses who are in competition with the business