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S3 Business - end of unit

Total questions: 17

Worksheet time: 10mins

Name
Class
Date
1.

A franchise is a flexible path to owning your own business?

a)

True

b)

False

2.

You are the franchisee, which means you have to pay an agreed share of your profits to the franchiser, is this an....

a)

Advantage

b)

Disadvantage

3.

Which one of these organisations operates in the private sector?

a)

NHS

b)

JD Sports

c)

Police Scotland

d)

Oxfam

4.

Which of the following is NOT a business objective??

a)

Improving market share

b)

Increasing sales

c)

Ensuring staff get tea breaks

d)

Maximizing profits

5.

If a business has poor CSR (corporate social responsibility) what will this result in (more than 1 answer)

a)

Bad reputation

b)

Poor brand image

c)

Reduced sales

d)

Lack of customer loyalty

6.

Good customer service is essential because (more than 1 answer)?

a)

It improves the organisations reputation

b)

Increases customer loyalty

c)

Creates a UPS (unique selling point)

d)

Increases customer complaints

7.

Organisations who are socially responsible may....

a)

Support their local foodbank

b)

Ensure they recycle wherever possible

c)

Concentrate all their efforts on making money

d)

Use sustainable methods in production

8.

The franchiser controls many aspects of the business, including (more than 1 answer)...

a)

Selling price

b)

Products sold

c)

Layout of the premises

d)

Hair colour of staff

9.

You are setting up a mobile catering van providing street food with your best friend, you are going to be....

a)

A partnership

b)

A sole trader

c)

A public sector organisation

10.

What of the following is unethical?

a)

Selling Fairtrade products

b)

Child labour

c)

Recycling all waste products

d)

Supporting a foodbank

11.

Trustpilot allows customers to review organisations (more than 1 answer).....

a)

Customer service

b)

Quality of products

c)

Pricing

d)

Delivery

12.

A sole trader is....

a)

A business that has 1 customer.

b)

A business that has 1 employee.

c)

A business that is owned by 1 person.

d)

A business that owned by 2 to 20 people.

13.

Private Limited Companies are owned by

a)

Sole Traders

b)

Partners

c)

Shareholders

d)

The Government

14.

Sole Traders, Partnerships and Private Limited Companies are in which sector of the Economy?

a)

Private Sector

b)

Public Sector

c)

Third Sector

15.

How many People can be in a Partnership?

a)

Unlimited

b)

2 only

c)

Between 2 & 20

d)

Between 2 & 10

16.

The public sector is owned and controlled by the Government?

a)

True

b)

False

17.

The public sector is owned and controlled by the Government?

a)

True

b)

False