WorksheetsY9 Business Xmas 2021
Total questions: 15
Worksheet time: 9mins
What is the name of this date?
24th Dec
(a)
What is the name of this date?
31st Dec
(a)
Which of the following is a drawback for an entrepreneur setting up a business as a sole trader?
Profit is shared
Financial accounts are kept private
Limited liability
Unlimited liability
Which English author wrote the book ‘A Christmas Carol’?
William Shakespeare
Virginia Woolf
James Joyce
Charles Dickens
Which of the following best describes the term limited liability? If the business fails:
Personal possessions of the owner can be taken to pay any debts
The owner is personally liable for all the debts of the business
There is no limit on the amount the owner has to pay to settle debts
The owner only loses the amount invested in the business
In the novel A Christmas Carol, how many ghosts visited Ebeneezer Scrooge?
2
3
4
5
Which of the following is not one of the 4 functions of business
Marketing
Fundraising
Human Resources
Operation
Which of these names is NOT one of Father Christmas’ Reindeer?
Comet, Cupid, Dasher, Dancer, Prancer, Chaser, Vixen, Donner, Blitzen.
(a)
Which legal structure would an individual wishing to start-up a small business choose because it is quick, easy and inexpensive to set up?
Sole trader
Partnership
LTD
PLC
How many points does a snowflake have?
4
6
8
10
Which type of legal structure is used when two or more people join together to start a business and have unlimited liability?
Sole trader
Partnership
LTD
PLC
Which of the following is an advantage of operating a large established business as a public limited company?
Shares can be sold to the public to raise additional finance
Financial accounts are published
Shares can only be sold to invited investors to raise finance
Owners have unlimited liability
A private limited company may change into a public limited company because it wants:
Limited liability
To raise additional finance
Unlimited liability
To avoid takeover
Which of the following is a disadvantage of setting up a business as a partnership?
Shared losses
Shared workload
Shared profit
More ideas generated
Spot the odd one out
Labour
Conservative
Enterprise
Capital
