Font size
WorksheetsS3 Business Quiz
Total questions: 50
Worksheet time: 21mins
Which source of finance is used to secure capital against a property?
Grant
Loan
Mortgage
Leasing
Which source of finance involves used the profit from sales to finance projects?
Retained profits
Overdraft
Long term loan
Factoring
Which source of finance is usually given from the government or local agency and doesn't have to be paid back?
Lease
Grant
Mortgage
Hire Purchase
Which source of finance refers to borrowing money from a bank and paying it back with interest over time?
Mortgage
Grant
Loan
Retained Profits
Which source of finance could be raised by asking outside investors to buy shares?
Additional capital
Mortgage
Leasing
Loan
Which source of finance is used in debt collection?
(a)
Which source of finance is used to pay for a product over a set period of time and at the end you keep it?
(a)
Which source of finance is when you pay to use a good/service over a set period and return it at the end of the agreement?
Hire Purchase
Leasing
Trade Credit
Grant
Which is a sector of the economy?
Private
Land
Primary
Capital
Which is a sector of the economy?
Tertiary
Enterprise
Primary
Public
The third sector contains social enterprises and charities
True
False
Which sector of the economy is a partnership in?
Private
Public
Third
Which sector of the economy is a private limited company in?
Private
Public
Third
Who owns a public sector organisation?
Shareholders
Government
Trustees
Individuals
Who owns a private limited company?
Shareholders
Government
Local councils
Trustees
Who runs a private limited company?
Shareholders
Government
Board of Directors
Foreign investors
What do shareholders receive as a return on their investment?
Cash
Dividends
Profits
A medal
Who controls a third sector organisation?
Trustees
Shareholders
Financial regulators
Managers
Which is a private sector organisation?
BMW
Ness Soap
Big Issue
BBC
Which sector of the economy is the NHS in?
Third
Primary
Public
Private
Which organisation was formed as a result of 2 brothers falling out?
Puma
Nike
Ferrari
Zara
Lidl is in which sector of the economy?
Private
Third
Tertiary
Public
Macmillan cancer support operate in which sector of the economy?
Private
Public
Third
How are public sector organisations funded?
Taxes
Share issues
Donations
Fundraising
What is the term given when a person can have their individual belongings taken to pay off debts?
(a)
How many people own a partnership?
1
30
2-20
50
Which is an advantage of a private limited company?
Profits have to be shared
Limited liability
Can't sell shares on the stock market
It is hard to raise finance
What is an advantage of a public limited company?
Unlimited liability
They have no control over who buys shares
It is costly and complicated to set up
It is easy to borrow large amounts of money
Nike is an example of a Public Limited Company
False
True
The BBC is an example of a Private Limited Company
False
True
Which are examples of sole traders?
Plumber
Family Lawyers
Family run shipping company
Joiner
International retailer
What is name given to the payment a franchisee must pay a franchisor?
Money
Trustee
Royalty
Investment
Which are examples of franchises?
B&Q
McDonalds
Starbucks
Mercedes
Pizza Hut
Which is a method of providing good customer service?
Having a good refund policy
Not allowing refunds
Shouting at customers
Not answering the phone
Which is an example of bad customer service?
Having a customer care strategy
Answering the phone on the 3rd ring
Ignoring a customer when they ask for an item
Processing transactions quickly
How can an organisation provide good customer service?
Ensure they provide an after sales service
Deliver goods late
Use their phone while customers wait
Refuse to accept returns
A benefit of providing good customer service is?
Customers will pass on good reviews to friends
Customers won't return
It will lead to a lack of brand loyalty
There will be fewer positive reviews
Which type of research involves collecting information first hand?
Desk
Market
Field
People
What is the name of research which uses information that already exists?
(a)
Which is a method of field research?
Government reports
Hall test
BBC News report
Financial statistics
Which is a method of desk research
Questionnaires
Phone survey
Focus groups
Internet sources
Which term describes customers happiness at the service provided?
Customer satisfaction
Happiness
Customer safety
How do organisations get customer feedback?
Phone a friend
Sell more products
Market research
Buy new machinery
How do organisations communicate their goals to customers?
Objectives
Tasks
More work
Hiring more employees
An established private sector organisation will usually have which objective?
Provide a service
Maximise profits
Survival
Social responsibility
A business focusing on recycling and reducing waste would have what objective?
Growth
Profit maximisation
Maximising sales
Social responsibility
An aim for startups(new businesses) would usually be?
Profit maximisation
Survival
Managerial objectives
This objective means businesses are looking to expand
(a)
When is Mr Graham's birthday?
20th April
9th September
21st February
17th December
I have enjoyed doing this quiz and feel confident about the topics
Strongly agree
Agree
In the middle
Disagree
Strongly disagree
