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WorksheetsCafe No 1 Welcome to Business Revision
Total questions: 25
Worksheet time: 50mins
Which is NOT a factor of production?
Labour - the workers
Land - natural resources
Legal - the rules and regulations
Capital - cash and machinery
Fill in the name of the factor of production with just 4 letters.
(a)
What factor of production is the name for cash and machinery?
Land
Labour
Capital
Enterprise
Which reason(s) below may an entrepreneur have for deciding to set up a business? More than one answer may be correct.
To become their own boss
Because they are dispassionate about bringing a product to market
To fill a gap in the market
To create expenditure for the entrepreneur
What name is given to an entrepreneur who sets up a business owned and controlled by only themselves?
Sole Trader
Member
Partner
Shareholder/ Director
What is NOT an advantage of being a sole trader? More than one answer may be correct/
You can keep all the profits to yourself
You can make all the decisions yourself
You are responsible for all the debts of the business
You work long hours and find it hard to take holidays
Which is NOT a skill or quality of an entrepreneur? More than one answer may be correct.
Creative
Risk Taker
Motivated
Disorganised
What might you consider when choosing a business location? More than one answer may be correct.
Closeness to transport links
If there are rivals nearby
If there are people to employ living nearby
What the income tax rate that staff pay in location
What might you consider when choosing a business location? More than one answer may be correct.
Are suppliers close by
Is there parking for staff and customers
If the location is twinned with another town/city overseas
The strength of signal for internet access in the area
When choosing premises for your cafe, what could be important? More than one answer may apply
Size and decoration
Availability of toilets
Availability of parking
The number of traffic lights in the street
When choosing premises for your cafe, what could be important? More than one answer may apply
Disability access
Rental costs
The number of libraries close by
The MP for the area
What is the name given to additional money to be paid back when borrowing funds?
(a)
What is the name given to the total amount that needs to be repaid when money is borrowed?
(a)
Which source of finance is being described here:-
Personal investment into the business from your savings account where no interest needs to be repaid
Owner's savings
Bank loan
Government grant
Which source of finance is being described here:-
An agreed sum of finance to be paid back over time with interest. It is repaid in instalments rather than all at once.
Owner's savings
Bank loan
Government grant
Which source of finance is being described here:-
Money given by the Government if certain conditions are met e.g. to create jobs in an area of high unemployment. Does not need to be repaid.
Owner's savings
Bank loan
Government grant
Identify all the ways to operate an ethical cafe from the list below.
Stock FairTrade products
Use biodegradable packaing
To remove all recycling bins
Offer vegan and gluten free menus
Identify all the ways to operate an ethical cafe from the list below.
Encourage customers to bring in their own mug to reduce waste
Use biodegradable packaing
To remove all recycling bins
Offer vegan and gluten free menus
Fairtrade - identify two benefits from this list of four potential answers.
It gives the business a better reputation
It provides farmers with an unfair wage for their goods
It informs customers about where the product was produced
it can be copied by rivals
Which of the following is NOT something to consider when choosing a new supplier?
Whether they also supply a rival
Whether the quality is good
The price
The delivery charge
The logo and slogan of the supplier
What is being described here? (Clue either manufacturer or wholesaler)
A business which makes goods and sells them to another business or directly to customers
(a)
What is being described here? (Clue either manufacturer or wholesaler)
A business which sells goods to other businesses in large quantities often for lower prices
(a)
Which of the following would appear in a job advert/job description?
Job title
Job location
History of the company
Salary
Hours to be worked
Which of the following would appear in a job advert/job description?
Long-service award gifts
Who does the job report to
Deadline for application
Location of the job
Bank holiday dates
Identify which of the following are ways to choose the best applicant for a vacancy.
Application form
Reading CVs
Random selection of on-line applications
Interviews
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