WorksheetsBTEC ENT - Quiz
Total questions: 33
Worksheet time: 17mins
What form of research is conducted directly by an enterprise?
Secondary research
Primary research
Qualitative research
Desk research
What tax does a limited company pay based on their profits?
Stamp Duty
Pay As You Earn (PAYE)
Inheritance tax
Corporation tax
Which of the following is not an ownership type?
Sole trader
Partnership
Human Resource
Limited company
Public Limited Company
Which type of research looks into a persons thoughts, feelings and ideas?
Emotional research
Value added research
Qualitative
Quantitative
What is the formula for total costs?
Revenue + fixed costs
Fixed costs + variable costs
Revenue + fixed costs + variable costs
Fixed costs - Revenue
What is the formula for total revenue?
Profit - total costs
Revenue + total costs
Price per unit x amount of units sold
Price per unit x variable costs - fixed costs
What is a trade debtor?
Somebody your enterprise owes money to
It is a form of secondary research.
It is a form of primary research
Somebody who owes your business money
What is a trade creditor?
Somebody your business owes money to
Somebody who owes money to your business
It is a fixed asset
It a type of secondary research
Money received by the business from its operations or investments is also known as what?
Expenditure
Cash outflow
Cash inflow
Cash flow forecast
Money paid out by the business to fund its operations or investment activities is also known as what?
Cash inflow
Cash outflow
Revenue
Turnover
A portion of the after-tax profit that is paid to shareholders according to the number of shares they own is also known as a ???
Turnover
Depreciation
Revenue
Dividend
A person who has the vision to use initiative to make business ideas happen, managing the resources and risks. This is also known as a ____
Entrepreneur
Enterprise
Shareholder
Stakeholder
The moral principles that guide how a business operates are known as ____
shareholder principles
stakeholder values
the balance sheet
ethics
What type of costs stay largely the same, regardless of the business’ output?
VAT
Variable costs
Running costs
Fixed costs
A small number of people from the target market brought together to discuss a particular product; produces qualitative data about their preferences and opinions. This is also known as a___
market report
interview
focus group
human resource
What is an import?
It is a current asset
It is a fixed asset
Good/service sold to a customer in another country
Good/service bought from a supplier in another country.
What is an interest rate?
Testing/examining items to check that materials or items conform to the specified requirements/standards.
The rate charged for borrowing money over a period of time, or the reward for saving money.
A summary of the revenue and expenses over an accounting period that lead to a profit or loss position.
A summary of what the job entails, including job title, duties and who they are responsible for/to.
What is the following describing - owners are not responsible for the debts of the business. The limit of their liability for the business’ debts is the amount they invested.
Unlimited liability
Limited liability
Revenue
Gross profit margins
What is a loan?
It is a type of trade creditor common to partnerships.
It is a type of trade debtor common to partnerships.
The total cash inflows received by an enterprise.
A fixed sum of money borrowed for a specified period of time at an agreed rate of interest; repaid in installments.
A loss is where.....
revenue is greater than expenditure.
income is greater than expenditure.
expenditure is greater than income.
cash inflows surpass cash outflows.
Market research____
is when two or more businesses agree to join together
organises and coordinates business activities in order to fulfill production and meet the business’ objectives.
the amount by which current sales exceed the break-even level of output.
collects information about the customers’ needs, wants and preferences that will help the business to make design, production and marketing decisions.
What is a mortgage?
The lowest hourly rate that can legally be paid by an employer to an employee.
A method of borrowing to purchase property, using the property as security.
The difference between cash inflows and cash outflows.
A specific statement that defines a precise goal that can be measured and delivered within a given time.
What is an objective?
The difference between cash inflows and cash outflows.
The cost of making one choice concerning the use of limited resources at the expense of an alternative choice.
A specific statement that defines a precise goal that can be measured and delivered within a given time.
The way in which the organisation is divided into levels of management, functions and responsibilities.
What is an overdraft?
Contracting another business to carry out some of the business’ activities, often to reduce costs.
The cost of making one choice concerning the use of limited resources at the expense of an alternative choice.
A business that is owned and operated by a group of between 2 or more people.
Borrowing from a bank by drawing from a current account so that the balance becomes less than zero.
What is a partnership?
A business that is owned by shareholders; the shares are not available to the general public. Shareholders have limited liability.
A business that is owned and operated by a group of between 2 or more people.
The range of products offered by one enterprise.
The amount produced by a worker/machine/factory in a given time; the ability to produce more output with fewer resources.
What does PLC stand for?
Public Limited Company
Private Limited Company
Profitable Limited Company
Personal Liable Company
What is a PLC?
A business that is owned by shareholders; the shares are not available to the general public. Shareholders have limited liability.
A business that is owned and operated by a group of between 2 or more people.
A business that is owned by shareholders. Anyone can buy shares in the business. Shareholders have limited liability.
A scheme that pays employees an additional amount based on the year’s profits.
What definition matched recycling?
When the raw materials that are available are not sufficient to meet needs.
The possibility that the return on investment will be lower than expected.
The conversion of waste into reusable material.
Examining information from published sources; desk research using information that has been collected for other purposes.
What is a service?
The units of the business that are available for sale to investors.
Ways of obtaining the funds the business needs; money may be needed to meet short or long term needs.
Those with an interest in the way that a business operates.
An action that is carried out to fulfill a need or demand in return for payment.
What is a stakeholder?
A business that is owned and operated by one person.
Those people who own shares in a limited company; each shareholder is a part owner of the business.
Those with an interest in the way that a business operates.
The process of choosing which applicant to employ.
What is sustainability?
A business’ goals that relate to fair treatment of the people concerned: customers, investors, suppliers or workers.
A method of paying employees for their work; based on a fixed annual amount, normally paid monthly
The process of operating without damaging the environment or depleting natural resources.
The process of hiring a new employee.
What is a target market?
The particular group of customers to which a business aims to sell its product; a particular market segment.
The key benefit of a good/service; it differentiates the product from others and will be the focus of advertising and promotion.
The costs that change as the business' output changes.
A business’ ability to make maximum profit with low operating expenses.
What does USP stand for?
Unique Selling Profit
Unique Selling Point
Unique Sales Point
Unique Sales Place
