Grade 11 Business Review

Which of these is NOT a characteristic of an entrepreneur?

• Risk taking

• Having lots of money

• Self motivation

• Innovation

• Multi-skilled

Why is it difficult for a new business to gain finance?

• Lack of trading record

• Limited personal finance

• Lack of awareness of how to gain financial support

• All of the above

List the four factors of production.

TRUE OR FALSE. A Private Limited Company can sell shares on the open market.

• True

• False

What are two advantages of being a sole trader?

What are two disadvantages of being a sole trader?

TRUE OR FALSE. Public limited companies benefit access to substantial capital sources through the stock exchange.

• True

• False