WorksheetsEnterprise, Business Growth and Size
Total questions: 20
Worksheet time: 20mins
A person who organizes, operates and takes the risk for a new business venture....
entrepreneurship
entreprise
entrepreneurial
entrepreneur
Being ....................is a key characteristic of a successful entrepreneur.
a risk taker
a team worker
unwilling to take decisions
always willing to follow the advice of others
A..............is not usually one of the contents of a business plan
description of the market
description of the physical location
job description
cash flow forecast
Governments support business startups to ............
reduce inflation
reduce wage rates
reduce unemployment
reduce tax revenue
The number of people employed and value of..........are two ways of measuring the size of a business.
profit
expenses
shares
output
A business plan ensures a business will not fail
true
false
Governments can help new start up businesses by offering advice and support sessions to entrepreneurs
true
false
Entrepreneurs are always successful
true
false
A large business can have high sales but employ few workers
true
false
External growth is by a takeover of or merger with another business
true
false
Some businesses remain small because the owner does not want it to expand
true
false
Not planning for change in the business environment is....
internal growth
a reason for business failure
business planning
environment management
Occurs when a business expands its existing operations...
external growth
internal growth
company growth
business growth
Is a document containing the business objectives and important details about the operations, finance, and owners of business
business plan
general proposal
important document
executive summary
Comparing business size is useful for, except....
Investors
Governments
Workers
Doctor
Business size can be measured from, except......
Number of people employed
Value of output
Value of sales
Business Design
One of objectives of an entrepreneur is, except.......
get more flexible time
being their own boss
escape ordinary job
for fun
when the business has failed but there is still hope and chance in the corner, so what should the real entrepreneur must do as part of their characteristics?.....
stop the business
evaluate the business
never give up
accept the condition with sadness
What is the trade-off that every entrepreneur must sacrifice, except.....
overtime work
have more time
will lost monthly income/salary
need a lot of capital/money
what is the correct function of a business plan?....
get funding
describe company
selling the product
gaining customers
