1.5.1 1.5.2 Entrepreneurs A Level

1.5.1 1.5.2 Entrepreneurs A Level

10th - 12th Grade

20 Qs

quiz-placeholder

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1.5.1 1.5.2 Entrepreneurs A Level

1.5.1 1.5.2 Entrepreneurs A Level

Assessment

Quiz

Business

10th - 12th Grade

Practice Problem

Easy

Created by

Conor Sutton

Used 13+ times

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A short term objective, probably for small business just starting out, or when a new firm enters the market or at a time of crisis = ???

Sales maximisation

Profit maximisation

Survival

Diversification

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The percentage of total sales (by value) or total output that a business has in a specified market ???

Added value

Gross profit margin

Net cash flow

Market share

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Focused on an output level that achieves the highest level of profit possible?

Profit maximisation

Social objectives

Sales maximisation

Profit satisficing 

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Non financial motive = ??

Independence

Sales maximisation

Survival

Profit satisficing

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the role of an entrepreneur?

Spot gaps in the market and develop new products/services/ideas

To achieve long term employment

To find job security

To avoid risk

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Individuals who act like entrepreneurs but work within an organisation = ???

Untrepreneur

Intrapreneur

Entrepreneur

Antrapreneur

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Successful businesses survive by ____

achieving a high break even point

lowering gross profit margins

achieving liquidation

meeting customer needs.

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