How Small Businesses Operate

Which of the following is not a need?

• Food

• Water

• Car

• Shelter

The sector of industry which involves businesses which provide services.

Which source of finance does not need to be paid back?

• Government Grant

• Bank Loan

• Bank Overdraft

• Mortgage

The sector of industry which involves extracting raw materials.

Which of the options below is not a factor of production?

• Land

• Capital

• Enterprise

• Primary

Which source of finance would be used when buying property or land?

• Government Grant

• Bank Loan

• Bank Overdraft

• Mortgage

A person who starts a business with their own ideas.

Which of the options below would be considered a durable good?

• Bottle of Juice

• TV

• Bread

• McDonalds Happy Meal

Which of the options below represents a quality required by an entrepreneur?

• Leadership

• Patience

• Communication

• Financial

Which of the options below represents a skill required by an entrepreneur?

• Leadership

• Determination

• Patience

• Hardworking