Grade 11 Business Review
Authored by Callum Mckeown
Social Studies
11th Grade
Used 2+ times
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7 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of these is NOT a characteristic of an entrepreneur?
Risk taking
Having lots of money
Self motivation
Innovation
Multi-skilled
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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
3.
OPEN ENDED QUESTION
3 mins • Ungraded
List the four factors of production.
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OFF
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
TRUE OR FALSE. A Private Limited Company can sell shares on the open market.
True
False
5.
OPEN ENDED QUESTION
3 mins • Ungraded
What are two advantages of being a sole trader?
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OFF
6.
OPEN ENDED QUESTION
3 mins • Ungraded
What are two disadvantages of being a sole trader?
Evaluate responses using AI:
OFF
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
TRUE OR FALSE. Public limited companies benefit access to substantial capital sources through the stock exchange.
True
False
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