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WorksheetsBusiness Skill [Year 7B]
Total questions: 100
Worksheet time: 58mins
What can a business sell?
goods
services
goods and services
How to prove your point of view?
express your opinion
cry
provide facts and evidence
be emotional
Who is an entrepreneur?
someone who works for a large company
someone who studies business in University
someone who starts their own business
What is profit?
the money you spend - the price you sell it for
the price you sell if for- the money you spend
the price you sell it for + the money you spend
What would make the presentation about your business better?
Confidence
Facts and evidence
Samples, pictures, videos etc.
All of the above
Why do people get bank loans?
to start heir own business
to expand their business
to never work again
to be in debt
What business is most likely to fail?
a restaurant
a school
a cleaning service provider
Being in debt means you...
...open your own business
...expand your business
...have a large income
...owe someone money
Cost is ...
...the money you have
...how much you pay for something
...the profit
...your income
You can buy goods
at a store
online
at a market
all of the above
To determine means...
...to start something
...to decide something
...to develop something
...to fail at something
To supply means...
...to give people what they need
...to invest in a business
...to borrow money from someone
...to expand a business
Jane has to pay for many services and buy multiple goods every month. She has a lot of...
...profit
...loans
...money
...expenses
Items that can be seen and touched are known as...
Goods
Services
People who are part owners of a company are known as...
Stakeholders
Shareholders
Customers
People
Someone who starts, operates and assumes the risk of a business is known as an...
Investor
Interest person
Entrepreneur
Business inventor
A business with less than 20 employees can be classified as a...
Small business
Medium business
Large business
extra small business
A business that is owned and operated by a single person is known as a...
Partnership
Sole trader
Private company
Public company
How would you describe a 'good' in business terms?
An action provided to you
A tanglible item that you can see and touch
The process of setting goals
Someone who behaves
A 'service' in business terms is...
An action provided to/ for you
An item you can see and touch
A 'service' in business terms is...
An action provided to/ for you
An item you can see and touch
Which of the following are goods?
Shoes
Couch
Apple
Doctor
Which of the following are classified as services?
Dentist
Taxi Driver
Hairdresser
Plumber
Do part time employees work less hours than full time employees?
Yes
No
Volunteer work is..
Work completed around the home
Essential work in the community where no financial payment is received.
What are the three main reasons individuals work?
Financial, Social and Volunteers
Personal, Social and Financial
Social, family, Paid work
Which of the following are FINANCIAL reasons for someone to work?
Meet daily living expenses
Support their lifestyle
Purchase material goods and services
Improve their standard of living.
All of the above
Which of the following reasons is NOT a social reason as to why someone works?
To use skills and abilities to help others
To contribute to the community
To meet new people
To belong to a team
To buy expensive shoes
Commission is a percentage of money earned as an income through the sale of something.
True
False
Royalties are defined as...
A source of income where a person charges money for their service
Income received from creating a piece of work, information or idea.
Set amount paid as income when a number of items have been made or produced.
Is this statement true or false?
Business activity is the process of producing goods and services to satisfy consumer demand
True
false
Which of the following is not a consumer need?
food
water
a car
housing
Added value can be increased by:
increasing the selling price but keeping the cost of bought in materials the same
selling products at high prices
Which of these are two characteristics of entrepreneurs?
impatient
risk takers
effective communicators
not-organised
the ability to use your judgment to make decisions and do things without needing to be told what to do.
initiative
innovation
enterprise
resilient
What is an entrepreneur
takes on a risk by starting a business with an idea, hoping to make a profit through initiative and enterprise.
starts a business by buying someone else's existing idea and doing the same things to avoid taking risks
a high-quality product that meets the expectations of the customer: the product is reliable, safe and easy to use.
Which of these is NOT a skill of an entrepreneur?
Creativity
Interpersonal Skills
Organisation
Sleeping
Is money the main reason why people become entrepreneurs?
yes
no
don't know
At what age can you become an entrepreneur?
20
18
50+
any age
Can entrepreneurs be high risk takers?
Yes
No
Who are the people who buy a good or service?
manager
employee
consumer
entrepreneur
a new idea or method, or the use of new ideas and methods. This is the meaning for:
entrepreneurship
innovation
initiative
enterprise
is the effort made by someone to creatively or boldly achieve something new. This is the meaning for:
enterprise
innovation
risk taking
initiative
Which of the following is NOT a characteristic of an entrepreneur?
Someone who enjoys being challenged
Someone who likes to be told what to do
Someone who demonstrates initiative
Someone who has great ideas
Which of the following is a primary purpose of a business?
Profit
Satisfying consumer needs
Gaining market share
all of the listed responses
Efficiency means...
creating something with minimal resources
creating something that is the best in it's field
staying ahead of the competition
being well liked by customers
What is Items businesses sell that can be physically weighed or measured, such as iPods and CDs.
services
goods
wants
needs
What function of the business is The process of creating, promoting, and presenting a product to the consumers.
operations
information technology
accounting
marketing
It is the person who buys products or services.
Investor
Consumer
Director
Employee
One of the first things someone needs to do before starting a business is to write which of the following?
A business plan
A loan application
A partnership statement
A franchise agreement
What can a business sell?
goods
services
goods and services
How to prove your point of view?
express your opinion
cry
provide facts and evidence
be emotional
Who is an entrepreneur?
someone who works for a large company
someone who studies business in University
someone who starts their own business
What is profit?
the money you spend - the price you sell it for
the price you sell if for- the money you spend
the price you sell it for + the money you spend
Which sentences make sense?
John got a bank loan...
...so he can open his own business.
...so he doesn't need to borrow money from his cousin .
...so he can become an entrepreneur.
...so he's in debt now.
What would make the presentation about your business better?
Confidence
Facts and evidence
Samples, pictures, videos etc.
All of the above
What business is most likely to fail?
a restaurant
a school
a cleaning service provider
Being in debt means you...
...open your own business
...expand your business
...have a large income
...owe someone money
Cost is ...
...the money you have
...how much you pay for something
...the profit
...your income
You can buy goods
at a store
online
at a market
all of the above
To determine means...
...to start something
...to decide something
...to develop something
...to fail at something
To supply means...
...to give people what they need
...to invest in a business
...to borrow money from someone
...to expand a business
Define a Good
they are the material items that can be seen, touched or felt and are ready for sale to the customers.
They are amenities, facilities, benefits or help provided by other people.
Services cannot be returned back once they are provided.
True
False
Goods can be returned if not fit for purpose
false
true
Which of the following are goods?
Shoes
Couch
Apple
Doctor
There are four different types of Paid work
Full Time, Part Time, Casual, Self Employed
Wage, Salary, Casual, Volunteer
Self employed, Busy, Wages, Salary
Do part time employees work less hours than full time employees?
Yes
No
Just one person would likely be responsible for all of the management functions in a
new small business
partnership
large corporation
multinational company
The way a manager treats and involves employees is called
entrepreneurship
influence
management style
leadership
A group of employees meets everyday at lunch to chat about what's going on in the office. This is an example of
outside communication
informal communication
vertical communication
external communication
People who are part owners of a company are known as...
Stakeholders
Shareholders
Customers
People
A business with less than 20 employees can be classified as a...
Small business
Medium business
Large business
extra small business
True or False. Only adults can be entrepreneurs. Kids are too young.
True
False
Select all the examples of ways kids can be entrepreneurs (There is more than one answer).
Starting a lemonade stand
Starting a dog walking service
Creating and selling homemade jewelry
Creating and selling a "How To" guide of your favorite video game
What is ONE quality of an entrepreneur?
flexibility
honesty
money
attitude
What entrepreneur qualities do YOU need ?
Determination
Self-discipline
Team-working skills
All of the above
Most of the people who does business have this with them. What is it called?
Candy Store Board
Party Invitation
Business Card
Business License
Natalia bought an iPad from Shoppe. He received a broken iPad when he opened his packaging. He is upset and angry.
If you are the owner of the store, how will you deal with this problem?
Shout back at Jonah and ask him to apologies for being rude.
Apologies and replace the broken item with a new one.
Apologies, cry and run away.
Shut the doors and put up the CLOSED sign.
Advertisements can be done through
videos, radios and posters
internet only
shouting out loud to passerby
store boards only
Confidence is:
believing in your own skills and that your product will be a success.
thinking of new ideas or new ways of doing things.
not being afraid of things going wrong.
