WorksheetsBlitz Quiz
Total questions: 15
Worksheet time: 11mins
What is an entrepreneur?
A person who works for a company
A person who starts and runs their own business
A person who invests in stocks only
A person who manages government projects
Which of the following is NOT a characteristic of a successful entrepreneur?
Risk-taking
Creativity
Fear of failure
Persistence
What is the primary goal of a business?
To provide jobs
To make a profit
To pay taxes
To compete with others
Which of the following is an example of a fixed cost in a business?
Raw materials
Employee wages
Rent for the business premises
Advertising expenses
What is a business plan?
A document that outlines the goals and strategies of a business
A list of employees in a company
A financial statement
A marketing campaign
What does ROI stand for in finance?
Return on Investment
Risk of Inflation
Rate of Interest
Revenue on Income
Which of the following is a source of finance for a startup business?
Personal savings
Government grants
Bank loans
All of the above
What is the break-even point in a business?
The point where revenue equals costs
The point where a business makes maximum profit
The point where a business shuts down
The point where a business starts losing money
What is the role of a budget in a business?
To track income and expenses
To hire new employees
To increase sales
To reduce competition
Which of the following is an example of a liability in accounting?
Cash in the bank
Inventory
A bank loan
Office equipment
An entrepreneur always avoids taking risks.
True
False
Profit is calculated as Revenue minus Expenses.
True
False
A sole proprietorship is a business owned by one person.
True
False
Marketing is not important for a new business.
True
False
Interest is the cost of borrowing money.
True
False
