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Unit 22 - Question 1

Total questions: 19

Worksheet time: 11mins

Name
Class
Date
1.

A strategy for a private business to enter a new market. For example GymShark looking into entering the sport shoe market

a)

Survival

b)

Market Leadership

c)

Growth

d)

Diversification

2.

When a business wants to build in size. Make more money, employ more staff, have more consumers

a)

Break Even

b)

Growth

c)

Market Leadership

d)

Diversification

3.

Which of these is NOT classed as a scope of business

a)

Local

b)

Multi National

c)

National

d)

Regional

4.

If the company gets into debt but the shareholders are only responsible for the amount of debt relative to their investment

a)

Liability

b)

Unlimited Liability

c)

Limited Liability

d)

Partial Liability

5.

Where a person has no limit to the amount of debt they get into individually. Usually happens to sole traders

a)

Limited Liability

b)

Full Liability

c)

Unlimited Liability

d)

Total Liability

6.

Someone who invests money in a business and also has a direct involvement of the running of the company

a)

Stakeholder

b)

Shareholder

c)

CEO

d)

Employee

7.

Someone who has invested in the business but doesn't have a say in how it runs

a)

Chief Executive

b)

CEO

c)

Stakeholder

d)

Shareholder

8.

A business owned and ran by it's members

a)

Co-operatives

b)

Partnership

c)

Sole Trader

d)

Public Limited Companies

9.

Which has shares on the Stockmarket?

a)

Private Limited Companies

b)

Public Limited Companies

10.

Which do shareholders have limited liability?

a)

Private Limited Companies

b)

Public Limited Companies

11.

Which are shareholders protected from debt but directors may be subject to limited liability?

a)

Private Limited Companies

b)

Public Limited Companies

12.

Which is bigger?

a)

Public Limited Companies

b)

Private Limited Companies

13.

Which of these is an aim of a Public Sector Business (2)

a)

Meeting Government Standards / Initiatives

b)

Making Profit

c)

Good Value For Money

d)

Market Leadership

14.

If the Business has 10-49 staff it is a

a)

Micro Business

b)

Small Business

c)

Medium Business

d)

Large Business

15.

Large companies which manufacture and sell goods all over the world

a)

Local Business

b)

National Business

c)

Multinational Business

d)

International Business

16.

What is the 'purpose' of a nutrition company (2)

a)

Recreation

b)

Weight Loss

c)

Charity

d)

Health Maintenance

17.

Which demographic group may benefit from cheaper rates / special offers in the nutrition company? (2)

a)

Age

b)

Gender

c)

Low Socio Economic Groups

d)

Disability

18.

Which of these are 'External Stakeholders' (2)

a)

Managers

b)

Employees

c)

The local community

d)

Suppliers

19.

Risk: Not a continuous source of income / could rely on the weather

a)

Full Time Staff

b)

Part Time Staff

c)

Seasonal Staff