WorksheetsPrior Knowledge
Total questions: 14
Worksheet time: 11mins
Name
Class
Date
1.
Coca Cola plc is likely to have which objective.
a)
Providing a service
b)
Growth
c)
Improving Society
d)
Social Responsibility
2.
The advantage of a person becoming an entrepreneur is:
a)
more money'll always be earned than working for an employer
b)
there is more independence than when working for an employer
c)
Less risk of business failure
d)
no oppotunity cost involved in becoming anentepeneur
3.
An important characteristic of a successful entrepreneur is that:
a)
they are always rich
b)
they are risk takers
c)
they are usually shy
d)
they want to avoid hard work
4.
Other than advertising, what is a key function of the marketing department?
a)
Research
b)
Dealing with technical issues
5.
Who would likely have a higher market share in the chocolate market?
a)
Cadbury
b)
Hotel Chocolat
6.
Which business would likely sell to a niche market?
a)
Cadbury
b)
Hotel Chocolat
7.
What is the better definition of a market?
a)
A selection of business
b)
A range of products
c)
Where businesses and customers trade
8.
Gatsby Ltd makes and sells garden furniture. What is their most likely objective.
a)
Providing a service
b)
Improving Society
c)
Growth
d)
Profit Maximisation
9.
Growth means:
a)
To increase the size of your premises
b)
To increase the number of customers you have.
c)
To increase the amount of sales
d)
All of these
10.
A business's objectives will depend on:
a)
time of year
b)
type of business
c)
sector of industry
11.
What is a business objective?
a)
A statement of what the company has achieved.
b)
A statement of what the company is trying to achieve.
c)
A statement of what the company is currently achieving.
12.
9. All SMART goals are this (hint: "S").
a)
Super
b)
success
c)
short-term
d)
Specific
13.
10. All SMART goals are this (hint: "T").
a)
Term
b)
Timely
c)
Tall
d)
Terrific
14.
15. Which of the following is NOT a SMART GOAL?
a)
I will skydive before I get out of college
b)
I will visit the Taj Mahal by the time I'm 30 years old
c)
I will save $1,000.
d)
I will lose 20 lbs in 20 weeks.
100 %
