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Business unit 1

Total questions: 8

Worksheet time: 5mins

Name
Class
Date
1.

What is the definition of an entrepreneur

a)

A sole trader 🐟

b)

Someone who sets up a business

c)

Boris johnson 🤔

d)

Someone involved in a business

2.

What's a characteristic of an entrepreneur

a)

Risk taking

b)

Failure

c)

public limited company

d)

Capital

3.

what's included in a business plan

a)

All of the above

b)

Aims and objectives

c)

Financial information

d)

Employee information

4.

which of the following is NOT a business ownership

a)

Sole trader

b)

Entrepreneur

c)

Partnership

d)

Private limited company

5.

What does plc stand for

a)

Pigs love cheese 🧀

b)

Private limited company

c)

plc 😀

d)

Public limited company

6.

Which of the following have limited liability

a)

Sole trader 🐟

b)

Partnership

c)

Public limited company 🤷‍♂️

d)

Private limited company

7.

Why would a business change its aims and objectives

a)

They met their previous aims and objectives

b)

they failed 😕

c)

After 2 weeks

d)

in a new year

8.

Which of the following is an internal stakeholder

a)

Businesses near the business

b)

Employees🕺

c)

Suppliers

d)

customers 😀😀😀