
Y11 Unit1 Quiz
Authored by Ajay Bhatti
Business
10th - 11th Grade
Used 5+ times

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9 questions
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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
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