Station Topics Quiz

The Sector of Industry responsible for manufacturing is the

Which is not a source of help and advice?

• Lawyer

• Accountant

• Bank

• GP

The Factor of Production which is to do with the workforce is

Which of the following is not a Source of Finance?

• Chambers of Commerce

• Bank

• Share Issue

• Hire Purchase

Select the SKILLS that an entrepreneur needs to have:

• Digital/ICT

• Communication

• Patience

• Organisation

Select the QUALITIES an Entrepreneur may have:

• Risk Taker

• Hardworking

• Approachable

• Organisation

Which is not an advantage of being a sole trader?

• You have limited liability

• Can make your own decisions

• You are your own boss

• You keep all the profits

Select the three correct reasons as to why an Entrepreneur starts his/her own business.

• To be their own boss

• To avoid tax

• To fill a gap in the market

• To be successful

When you take out a bank loan, you don't have to pay interest.

• True

• False

Private Limited Companies have limited liability.

• True

• False