An individual who takes the financial risk of starting and managing a new business.

Business Terminology Quiz

Quiz
•
Business
•
7th Grade
•
Medium
Esther Heng
Used 3+ times
FREE Resource
15 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Sole Trader
Entrepreneur
Customer
Supplier
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Payment to employees based on a fixed amount for each hour worked.
Piece Rate
Overtime
Hourly Wage Rate
Retained Profit
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Organisations of like-minded people who put pressure on businesses and the government to change their policies to reach a predetermined objective.
Recruitment Agency
Pressure Group
Retailer
Sole Trader
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
To bring in merchandise, commodities, workers, etc., from a foreign country for use, sale, processing, re-export, or services.
Quota
Revenue
Import
Recession
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A business that finds employees for other businesses.
Recruitment Agency
Retailer
Supplier
Entrepreneur
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Profit remaining after all expenses, tax, and dividends have been paid, which is then ploughed back into the business.
Retained Profit
Revenue
Unique Selling Point (USP)
Sole Trader
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A physical limit on the quantity of goods that can be imported and exported.
Quota
Recession
Import
Hire Purchase
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