IGCSE Edexcel Business 1.1 - 1.3

Which one of the following is a non-financial business objective?

• Profit

• Sales

• Market share

• Personal satisfaction

Which one of the following is a financial objective?

• Personal satisfaction

• Market share

• Independence

• Control

Which one of the following is a disadvantage of starting a partnership?

• Business owners have different skills

• Can be easier to raise finance

• Business decisions affect all partners

• Financial information is kept private

Which one of the following is a feature of a public corporation?

• It is owned by a board of directors

• It is funded by government

• It aims to maximise profits

• It is not accountable to anyone

Which one of the following would be a disadvantage for a partner in a partnership?

• Sharing the workload

• Access to more capital

• Sharing skills

• Liability for all debts

Which one of the following types of business ownership would usually be formed by a business of two solicitors?

• Sole trader

• Partnership

• Public corporation

• Public limited company

Which one of the following only applies to a public limited company?

• Controlled by the government

• A maximum of 50 shareholders

• Shares are traded on the stock exchange

• Restriction in the transfer of shares

Which one of the following is a benefit to a person of buying a franchise?

• The person is given support from an established business

• The person can buy supplies from any supplier

• The person is guaranteed a set wage

• The person shares their profits with the franchisee

Which one of the following is a benefit of being a franchisee?

• Being able to choose your own suppliers

• Selling an established brand

• Not having to pay interest on a bank loan

• Having complete control of the business

What sector does a clothing retailer operate in?

• Primary

• Secondary

• Tertiary

• Quaternary