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Start Up

Total questions: 10

Worksheet time: 3mins

Name
Class
Date
1.

The word 'entrepreneur' means

a)

a person who manages a business

b)

a person who sets up a business

c)

a person who loans to a business

2.

The phrase 'market research' means

a)

gathering information about different local markets

b)

gathering information about how big markets are for investment

c)

gathering information about consumers' need and preferences

3.

The word 'shareholder' means

a)

an owner of shares in a company

b)

someone that management of a company report to

c)

a person who holds a position in a company

4.

A 'business plan' is a

a)

list of annual tasks the business needs to achieve

b)

document that describes the aims and strategies of a business

c)

set of criteria that banks require for businesses to be registered

5.

The word 'slogan' refers to

a)

the picture or emblem that represents a company

b)

the music or sound used in advertisements that is associated with a company

c)

a short, memorable phrase used in advertising

6.

The phrase 'seed funding' means

a)

the money invested in a business to get it started

b)

the money that a business uses every day

c)

the money needed to invest in farming

7.

The word 'premises' refers to

a)

the vision and mission statements of a business

b)

the location of the business

c)

the office that a business operates from

8.

Who are 'trustees'?

a)

experts who company owners consult on important matters

b)

Board members who control business operations and decisions

c)

people who part-own a business

9.

In the business context, what is a 'brand'?

a)

the practice of marketing a business so that it is recognisable

b)

the symbol associated with a company

c)

the advertising that a business does

10.

What is a 'lease'?

a)

an office building which a company uses to operate from

b)

a monthly payment made by a business owner to sell goods at a local market

c)

a contract between two parties for the use of something for a specified period of time