NEW
Font size
S
M
L
XL
WorksheetsYear 10 Baseline Assessment - Unit 1
Total questions: 30
Worksheet time: 10mins
Name
Class
Date
1.
What is the primary goal of a business?
a)
To produce goods or services
b)
To employ people
c)
To close down
d)
To create advertisements
2.
Which of the following is a key characteristic of an entrepreneur?
a)
Avoids risks
b)
Prefers to work alone
c)
Takes risks
d)
Dislikes change
3.
What is meant by the term 'market research'?
a)
Researching the weather
b)
Finding out what consumers want
c)
Investigating a competitor's products
d)
Studying ancient markets
4.
What does 'profit' mean in business?
a)
The total amount of sales
b)
The amount left after all costs are paid
c)
The total number of products made
d)
The salary of the employees
5.
Which of the following is a type of business ownership?
a)
Sole trader
b)
Partnership
c)
Private limited company (Ltd)
d)
All of the above
6.
Why is understanding customer needs important for a business?
a)
To generate sales and ensure survival
b)
To confuse the competition
c)
To reduce the number of employees
d)
To create complex products
7.
What is 'e-commerce'?
a)
Trading goods at a market
b)
Buying and selling goods online
c)
A method of transportation
d)
Advertising in newspapers
8.
Which of the following is an example of primary market research?
a)
Reading a report online
b)
Conducting a survey
c)
Watching a TV advertisement
d)
Using government statistics
9.
What is a 'stakeholder'?
a)
A person who works in a factory
b)
Someone who has an interest in the business
c)
A type of investor
d)
An individual who manages the company
10.
What is the impact of new technology on businesses?
a)
Increases costs only
b)
Has no effect
c)
Can increase efficiency and reduce costs
d)
Makes businesses obsolete
11.
What is meant by the term 'cash flow'?
a)
The total amount of sales
b)
The movement of money in and out of a business
c)
The profit a business makes
d)
The expenses of a business
12.
What is a business plan?
a)
A document outlining a business’s goals and strategies
b)
A list of employees
c)
A sales report
d)
A marketing campaign
13.
Why is location important for a business?
a)
It affects the number of suppliers
b)
It impacts the availability of raw materials
c)
It influences the customer footfall
d)
It determines the company's name
14.
What is the purpose of marketing?
a)
To create business laws
b)
To promote and sell products
c)
To hire employees
d)
To build offices
15.
What is 'venture capital'?
a)
Personal savings
b)
Money invested by individuals
c)
A loan from a bank
d)
Money given by family and friends
16.
What does 'limited liability' mean for business owners?
a)
They are responsible for all debts
b)
They can only lose their investment in the business
c)
They cannot make a profit
d)
They must be a sole trader
17.
What is the main purpose of customer feedback?
a)
To increase prices
b)
To improve products and services
c)
To reduce staff
d)
To close the business
18.
Which of the following is an external influence on a business?
a)
Employee training
b)
Competitor actions
c)
Company policies
d)
Management decisions
19.
What is the role of legislation in business?
a)
To provide financial support
b)
To protect consumers and employees
c)
To increase taxes
d)
To reduce competition
20.
Why is branding important for a business?
a)
It reduces the need for marketing
b)
It helps in creating a unique identity
c)
It increases product prices
d)
It decreases the need for employees
21.
What is 'break-even point' in business?
a)
The level of sales at which total revenues equal total costs
b)
The maximum profit a business can make
c)
The point at which costs are highest
d)
The number of products sold
22.
What are 'fixed costs'?
a)
Costs that vary with production
b)
Costs that do not change with production
c)
Costs that increase with sales
d)
Costs that decrease with sales
23.
Why is customer service important for a business?
a)
It helps retain customers
b)
It reduces product quality
c)
It increases production costs
d)
It decreases employee satisfaction
24.
How can changes in consumer income affect a business?
a)
It can increase employee turnover
b)
It can impact consumer spending
c)
It has no effect on the business
d)
It only affects large businesses
25.
What is the importance of cash flow management for a small business?
a)
It ensures profitability
b)
It helps in maintaining liquidity
c)
It reduces the need for marketing
d)
It increases production costs
26.
What is 'market segmentation'?
a)
Dividing a market based on characteristics
b)
Combining different markets
c)
Reducing the market size
d)
Expanding the market size
27.
What does 'SWOT' analysis stand for?
a)
Strengths, Weaknesses, Opportunities, Threats
b)
Sales, Wages, Overheads, Taxes
c)
Strategy, Work, Organization, Targets
d)
Strengths, Work, Operations, Technology
28.
Why might a business conduct a 'PESTLE' analysis?
a)
To evaluate internal strengths
b)
To assess external factors
c)
To analyse financial performance
d)
To measure employee satisfaction
29.
What is the role of a business plan?
a)
To set out business goals and strategies
b)
To reduce employee turnover
c)
To increase production
d)
To create advertisements
30.
How does 'market demand' affect a business?
a)
It determines the production levels
b)
It has no impact
c)
It increases the number of suppliers
d)
It only affects service businesses
Reset
