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L2 End of term quiz

Total questions: 52

Worksheet time: 29mins

Name
Class
Date
1.

Who is the youngest learner in our class?

a)

Ahtifa

b)

Maruf

c)

Judah

d)

Aksa

2.

What have Starbucks coffee chain announced it will pay its' UK staff as part of an employee incentive scheme?

a)

Half of their annual childcare costs

b)

Online university tuition fees

c)

One year of public transport

d)

A one month grocery shop

3.

The UK Gaming Industry has experienced phenomenal growth, how much is it currently worth?

a)

£500 million

b)

£8 million

c)

£20 billion

d)

£5.7 billion

4.
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
5.
A business plan for a new business will include all of the following except
a)
financial forecasts
b)
market research data
c)
details of the business owners
d)
previous years' accounts
6.
One of the most common reasons for a new business not surviving is:
a)
too much time spent on developing the business plan
b)
no competitors in the industry
c)
poor cash flow as a result of poor financial planning
d)
consumers like dealing with small firms providing a service
7.
What is an entrepreneur?
a)
A person who spots an opportunity to provide goods or services to customers in order to make a profit
b)
The process/activities by which new businesses are formed in order to offer products and services in a market.
8.
A ______ _______ is a risk of business as it can lead to less customers, which means less income and profit.
a)
Poor reputation
b)
Good reputation
c)
Commercial risk
d)
Change in house prices
9.

A business with Unlimited liability

a)

is personally responsible for all the debts of the business

b)

is not personally responsible for all the debts of the business

10.

What is an entrepreneur

a)

Someone who starts a new business

b)

someone who designs buildings

c)

Someone who manufactures things

d)

Someone who has new ideas

11.

The type of business where the owner keeps all the profit is a:

a)

Social enterprise

b)

Partnership

c)

Franchise

d)

Sole trader

12.

A partnership exists between:

a)

One owner and their family

b)

2 to 20 people

c)

20 or more people

d)

2 people only

13.

A franchisor offers a franchisee:

a)

a license to trade

b)

training to start the business

c)

materials

d)

all of the above

14.
This type of business is a contractual agreement with a parent company to sell its products/services in an area.
a)
Sole Proprietorship
b)
Partnership
c)
Corporation
d)
Franchise
15.
Advantages of this business type are that the owner is their own boss and gets to keep all the profits.
a)
Partnership
b)
Sole Proprietorship
c)
Corporation
d)
Franchise
16.

Which of the following is NOT a type of business ownership?

a)

partnership

b)

sole proprietorship

c)

entrepreneurship

d)

franchise

17.

This type of business is owned by many people called stockholders.

a)

Sole Proprietorship

b)

Partnership

c)

Private/Public Limited Company

d)

Franchise

18.

How is a company different from a sole proprietorship or partnership?

a)

A company has only one or two owners.

b)

A company is usually owned by one person.

c)

A company requires a legal charter with the state.

d)

The owners (stockholders) have limited liability.

19.
Which of the following best describes the tertiary sector?
a)
Extracting raw materials
b)
Manufacturing products from raw materials
c)
providing a service to customers 
20.
What sector is Ford Motors?
a)
Primary and tertiary
b)
primary and secondary
c)
secondary and tertiary
21.
How many employees work in a medium business?
a)
up to 9
b)
10-49
c)
50-249
d)
250+
22.
Which of the following is a stakeholder that owes money to a business?
a)
Debtor
b)
Gorvernment
c)
Creditor
d)
Supplier
23.
Which of the following is an external stakeholder?
a)
employee
b)
pressure group
c)
manager
d)
CEO
24.
The Government is interested in a business because:
a)
They will want to buy the products
b)
They want the business to comply with the law and pay taxes
c)
They want good quality products
d)
They want to be paid the money they are owed
25.
Customers are interested in a business because:
a)
They want to be oaid they money they are due
b)
They want the employees to be paid a good salary
c)
They want the business to make the products they want at good prices
d)
They want to be paid a bonus
26.
What influence may Suppliers have on the business?
a)
They may change taxes
b)
They may protest about the business
c)
They may increase their prices
d)
They may choose not to buy the product or recommend it
27.
Jacobs decide to build a new factory in the local area what stakeholders would have an influence on this?
a)
Customers, employees and the local community
b)
Local community, banks and the government
c)
Suppliers, banks and the local community
d)
Customers, banks and the government
28.
a)

Meet the Robinsons

b)

The Incredibles

c)

The Incredibles 2

d)

Honey I Shrunk the Kids

29.
a)

The Lion the Witch and the Wardrobe

b)

Aladdin

c)

The Hobbit

d)

Harry Potter

30.
a)

The Jungle Book

b)

The Lion King

c)

Mulan

d)

Aladdin

31.

Which of these movies came first?

a)

Ant-Man

b)

Guardians of the Galaxy Vol. 2

c)

Captain America: Civil War

d)

Doctor Strange

32.

Where is Black Panther from?

a)

Nakia

b)

T'Challa

c)

Wakanda

d)

T'Chaka

33.
What do British children leave for Santa Claus on Chrismas Eve?
a)
a mince pie
b)
sweets
34.
PESTLE Analysis identifies factors that occur within the organisation.
a)
True
b)
False
35.

The S in PESTEL Analysis stands for:

a)

Social

b)

Scientific

c)

Strategy

d)

Structure

36.
Why is PESTEL Analysis called 'Environmental Scanning'?
a)
Because it looks at climate change
b)
Because it scans the environment for potential positive and negative factors
c)
Because it is done on a computer
d)
Because it compares organisations against each other
37.
The Es in PESTEL Analysis stand for
a)
Ecological and Essential
b)
Efficiency and Effectiveness
c)
Economic and Environment
d)
Ecology and Enterprise
38.

1)The impact of inflation is which type of PESTEL factor?

a)

Economic

b)

Political

c)

Social

d)

Technological

39.

Consumer tastes is which type of PESTEL factor?

a)

Technological

b)

Political

c)

Environmental

d)

Ethical

e)

None are correct

40.

An increase in Minimum wage may impact a business because…

a)

It will increase profits

b)

It will increase total costs of the business

c)

It will increase consumer products

d)

It will increase customers

41.

In the SWOT analysis, Strengths and Weaknesses are what?

a)

External Factors

b)

Poor Planning

c)

Internal Factors

d)

Good Management

42.

Great communication skills and analytical abilities is an example of a type of

a)

Strength

b)

Weakness

c)

Opportunity

d)

Threat

43.

Changes in demographics results in shifting demand away from products, this is classified as a

a)

Strength

b)

Weakness

c)

Opportunity

d)

Threat

44.

A company that has been established and successful for 10 years doesn't need to conduct a SWOT

a)

True

b)

False

45.

Trade restrictions have just been lifted, allowing your company to expand trade globally. Which external factor does this come under?

a)

Political Factor

b)

Economic Factor

c)

Social Factor

d)

Technological Factor

46.

Select EVERYTHING that is TRUE about Consumer Laws...

a)

Laws that restrict how firms sell their products

b)

Laws that restrict how firms treat employees

c)

There to protect consumers.

d)

Laws that reduce the risk of injury to employees and employers.

47.

Under the Consumer Rights Act - Product can give false trade descriptions on the side of packaging? i.e. "This chicken/bacon sandwich has 0% saturated fat"

a)

True

b)

False

48.

What rights does the Consumer Rights Act - gives consumers when they have been sold a faulty (not fit for purpose) product. Select them ALL.

a)

Sue them for Millions

b)

Money Back

c)

Repair Product

d)

Replace Product

49.

What is the name of the Act that covers Health and Safety

law?

a)

Healthy at work act 1974

b)

Health

and Safety at Work Act 1928

c)

Health

and Safety at Work Act 1974

d)

Health and safety at work acting 1973

50.

What does COSHH stand for?

a)

Control of Substances Helpful to Health Regulations

b)

Control of Substances Hazardous to Home Regulations

c)

Control of Substances Hazardous to Health Regulations

d)

Control of Substrates Hazardous to Health Regulations

51.
Organisations storing your data must...
a)
Keep it up to date
b)
Keep it for no longer than 5 years after your death
c)
Ask for more data than required
d)
Wait for you to contact them to ensure its accurate
52.

Which of the following are data protection principles?


Choose two options.

a)

Personal data shall be processed fairly and lawfully

b)

Personal data shall not be kept for longer than is necessary for its purposes

c)

Personal data shall not be deleted without request from the data subject.

d)

Personal data shall be presented in a format that is understandable.

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