WorksheetsGrade 9 - GCSE Chapter 3 - 4
Total questions: 10
Worksheet time: 5mins
Which of these is NOT a characteristic of an entrepreneur?
Independent
Takes risks
Follows instructions
Self confident
Which of these should we find in a new business plan?
Profits
Target market
Taxes
Market share
Which is the best reason a government might give a start up tax free status for a year?
reduce unemployment
increase competition
to benefit society
increase output
Which of these cannot be used to measure the size of a business?
number of workers
value of sales
value of capital employed
value of profits
Which type of external growth means the business is trying to integrate retail sales with production?
Internal growth
horizontal integration
vertical integration
conglomerate integration
Which is not a reason businesses can often remain small?
Market size
Owner's own objectives
Overexpansion
Type of industry
A sole trader is different than a partnership, because it limits the sole trader's liabilities.
True
False
Private Limited companies are the same as...in the USA.
Limited Liability Corporations
Public Limited Companies
Limited Partnerships
S Corporations
The most important element of a Public Company is...
Limited Liability
Size and potential for growth
Legal controls
Access to finance
Joint Ventures are most often used when...
Companies try out risky ideas
Companies enter a new foreign market
Franchising
Forming a limited partnership
