WorksheetsEnterprise and Entrepreneurs
Total questions: 16
Worksheet time: 8mins
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)
Charity shop
c)
Steyning Grammar School
d)
West Sussex Fire and Rescue
e)
All of them
11.
Which is NOT an example of a good?
a)
steel
b)
power
c)
automobiles
d)
aircraft parts
12.
Identify the natural resources that are being exploited in the primary sector? (REM)
a)
Agriculture
b)
Fishing
c)
Forestry
d)
All the above
13.
Explain the difference between primary, secondary and tertiary. (UND)
a)
The Primary Sector is that part of the economy trees are drawn as raw materials.
b)
Secondary sector is the sector where the raw materials are manufactured.
c)
Tertiary sector is when services are rendered.
d)
All the above
14.
this is the manufacturing and assembly process
a)
Primary Sector
b)
Secondary Sector
c)
Tertiary Sector
15.
Hairdressers are which sector?
a)
Primary Sector
b)
Secondary Sector
c)
Tertiary Sector
16.
Food manufacturing is which sector?
a)
Primary Sector
b)
Secondary Sector
c)
Tertiary Sector
100 %
