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WorksheetsOCR 1-9 Business 1.1 - The role of enterprise and entrepreneurs
Total questions: 10
Worksheet time: 5mins
Name
Class
Date
1.
Why do business exist?
a)
To satisfy the needs of customers
b)
To help owners make a living
c)
To help the government collect tax
d)
To provide jobs
e)
To realise opportunities within the market
2.
What is enterprise?
a)
The creation of a business
b)
The management of the economy
c)
The skill of being able to sport an opportunity
d)
The skills that an entrepreneur has
e)
Government funded businesses
3.
Which of following are the characteristics of an entrepreneur (as stated by the exam board)
a)
Determination, Academic, Literate, Management
b)
Hard working, Adaptable, Resilient, Creativity
c)
Accounting, Management, Sales technique, Determination
d)
Self belief, Motivation, Confidence, Leadershio
e)
Creativity, Risk taking, Determination, Confidence
4.
True or false: A good entrepreneur will take calculated risks
a)
True
b)
False
5.
Which of the following is NOT a potential reward for taking calculated risks?
a)
Independence - be your own boss
b)
Pay less tax
c)
Financial gain
d)
Self-satisfaction
e)
Changing customers habits
6.
Which of the following is NOT a potential drawback of taking calculated risks?
a)
Loss of investment
b)
Poor health
c)
Strained relationships
d)
Loss of business license
e)
Loss of income
7.
Business exist to:
a)
Provide quality goods to people who can afford them
b)
Sell goods to a particular target audience
c)
Meet the needs of all of their customers
d)
Research ways to make products better
e)
Increase the amount of tax collected by the Government
8.
True or False: A entrepreneur needs to be excellent at financial management
a)
True
b)
False
9.
True or False: All business ideas must start with a brand new idea if they are to be successful
a)
True
b)
False
10.
Which of the following is an example of a business organisation
a)
Google
b)
Loros
c)
Beaumont Leys School
d)
Leicestershire Fire and Rescue
e)
All of them
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