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2023/24 Summer Task

Authored by Grace Holford

Business

Professional Development

Used 1+ times

2023/24 Summer Task
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10 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the Private sector?

Evaluate responses using AI:

OFF

Answer explanation

Businesses owned by individuals

2.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the Public Sector?

Evaluate responses using AI:

OFF

Answer explanation

Organisations financed by public money

3.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the voluntary sector?

Evaluate responses using AI:

OFF

Answer explanation

Organisations financed by donations or subscriptions

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a sole trader?

A business owned by 2 or more people

A business owned by 1 person

A company

Answer explanation

A sole trader is when 1 person owns a business. They can trade in their name or a business trading name.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the two types of limited companies?

Private and Public

Private and Partial

Public and Partial

None of these

6.

OPEN ENDED QUESTION

3 mins • 1 pt

Give 3 examples of financial transactions

Evaluate responses using AI:

OFF

Answer explanation

Sales, purchases, payments to the bank or payments from the bank

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A letter to a member of the public responding to a complaint is...

Formal and internal

Formal and external

Informal and internal

Informal and external

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