WorksheetsOpening evening year 7
Total questions: 33
Worksheet time: 17mins
To do business is to:
Talk about money.
Produce and sell goods/service for profit.
Buy things for profit.
All of the following are forms of businesses except
Sole trader
Trade union
Partnership
Cooperatives
A grocery shop is an example of a sole trader form of business
True
False
What is the name of the form of business that have 2 - 20 partners who pool their money and other resources together to make a profit.
cooperatives
partnership
sole trader
Adidas
Nike
Microsoft
Apple
Adobe
Air bnb
Fruit Stand
Gala Apple
Visa
Mastercard
MasterCard
Master Card
TikTok
TokTik
TikiTok
Start up costs are...
the amount of money spent setting up a business
money spent on a regular basis to keep a business running
Fixed Costs + Variable Costs
costs which change with output
Which company has this as their logo?
KFC
McDonalds
Wendy's
Burger King
Which company uses the slogan "eat fresh"
Fresh juice
Starburst
Gloria Jeans
Subway
Who is this entrepreneur?
Lord Sugar
Richard Branson
Steve Jobs
Kanye West
What company did Bill Gates start?
Apple
Microsoft
Samsung
LG
Please identify the logo of Audi........
None of these
Shareholders are...
Anyone with an interest in a business
Groups of people who can tell the business their ideas
Owners of limited companies who expect a dividend from profits
Local businesses who are in competition with the business
McDonald’s earns more money from selling property than from selling burgers
TRUE
FALSE
Which company makes the PlayStation games console?
Nintendo
Sega
Microsoft
Sony
True or False: All businesses aim to make a profit.
TRUE
FALSE
Which company owns Instagram?
Meta (Facebook)
Microsoft
If a business has more expenses than revenue, what is it making?
Profit
Break-even
Loss
Surplus
Which supermarket chain’s slogan is “Every little helps”?
Asda
Aldi
Tesco
Sainsbury
Which of these is an example of viral marketing?
Leaflets through your door
A radio advert
A TikTok that millions share
A billboard in town
Gathering and analyzing information about wants and needs of consumers.
marketing
promoting
analyzing
market research
Money left over after business has paid all its costs.
services
wants
goods
profit
Identify the Tag Line: "Just Do It"
Adidas
Nike
Sketchers
Reebok
what is the name of this Prime Minister
Narendra Modi
Justin Trudeau
Scott Morrison
Barack Obama
Finance functions are
Planning for funds
Raising of funds
Allocation of funds
All of the above
What is the full form of GDP?
Grand Development Project
General Discuss Process
Gross Domestic Product
