S3 BM Sources of Help and Advice

Which of the following is a government organisation in Scotland that provides free advice and support to start-up businesses?

• Business Gateway

• Prince's Trust

• HM Revenue and Customs (HMRC)

• Banks

Who would a business most likely consult for help with preparing annual accounts and managing tax returns?

• Lawyers

• Accountants

• Other businesses (entrepreneurs)

• Internet websites

Which organisation is specifically aimed at helping young people aged 18-30 to start their own business in the UK?

• Prince's Trust

• Business Gateway

• HM Revenue and Customs (HMRC)

• Banks

Which of the following sources of help is responsible for collecting taxes and providing information on VAT and PAYE?

• Accountants

• Lawyers

• HM Revenue and Customs (HMRC)

• Prince's Trust

If a business needs legal advice on contracts or employment law, who should they approach?

• Accountants

• Lawyers

• Banks

• Business Gateway

Which of the following is NOT a typical service provided by banks to businesses?

• Providing business loans

• Giving legal advice on contracts

• Offering business bank accounts

• Advising on cash flow management

Which source of help is most likely to offer mentoring and share real-life business experiences?

• Other businesses (entrepreneurs)

• HM Revenue and Customs (HMRC)

• Banks

• Lawyers

Which of the following is a benefit of using internet websites for business advice?

• They always provide legally binding advice

• They are available 24/7 and often free

• They can lend money to businesses

• They can sign official documents

A business owner wants to know the latest rules on VAT. Which source should they consult?

• Prince's Trust

• HM Revenue and Customs (HMRC)

• Other businesses (entrepreneurs)

• Banks

Which of the following would be the best source of help for a business looking to secure a loan for expansion?

• Banks

• Lawyers

• Internet websites

• Prince's Trust