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WorksheetsIgcse Revision quiz
Total questions: 20
Worksheet time: 10mins
What is a business plan?
Written document that only outlines the business practices of the new business.
Written document that describes the financial aspects of the business.
Written document that only describes the ownership of the business.
Written document that describes all the steps necessary for opening and operating a successful business.
Why do you need a business plan?
To explain your idea
the ability to get financing.
it's a road map that sets objectives and goals for the business
All of the above
All partnerships must be 50 - 50?
True
False
Your business plan should never list any risks or potential problems.
True
False
Which of the following is it OK to leave out of a business plan?
Executive summary
Location
Marketing
Employees needed
None of the above
when a business starts up what does it have to create.
business plan
website
partnership
merchandise
what are benefits of a sole trader
lots of holiday time.
unlimited liability.
you get to keep all the profits.
low start up costs
what does plc stand for
public limited company
private limited company.
peoples lovely companies
public liked company
people only start businesses for money
true
false
what is job prodcution.
making lots of the same item.
making a special item for a single customer.
making in bulk.
making the item when the order comes through.
the person who buys a franchise is called...
franchisor
franchisol
frachisee
franchisel
What is a fringe benefit?
Non-financial
Benefits related to the job description
Benefits on top of a salary or wage
It costs a lot of money and is not common
An advantage of profit sharing
Motivates workers and improves efficiency
It only has to be given at the end of the year
Managers are happy to keep employees motivated
There is not an advantage
This motivational theorist is considered scientific and believes money is the only motivator
Herzgerg
Maslow
Taylor
Mcclaren
What is the correct definition for wage?
An annual amount usually divided into 12 monthly payments
Pay distributed weekly or daily, calculated using no. of hours worked
A lump sum given on the completion of a specific task
A percentage of sales made over a given time period
Private health insurance is what type of incentive?
Performance related pay
Commission Based
Bonus scheme
Fringe Benefit
Involves looking at jobs and adding tasks that require more skill and/ore responsibility
Job enrichment
Job enlargement
Job rotation
Fringe benefits
