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WorksheetsIGCSE Enterprise Quiz - Topics 1-4
Total questions: 11
Worksheet time: 6mins
Which of the following best describes the "Enterprise Process"?
The amount of money a business makes
The various stages involved in starting and running an enterprise
The legal requirements for opening a business
The marketing strategy of a company
Stakeholders can be classified as internal or external. Which of the following is an example of an EXTERNAL stakeholder?
Employees
Shareholders/Owners
Local Community
Management Team
What is a key advantage of operating as a Sole Trader?
Limited liability protection
Easy access to large amounts of capital
Easy to start and the owner keeps all the profit
Shared decision-making reduces stress
In a franchise business structure, what is the franchisee required to do?
Create all products from scratch
Pay a percentage of profit each year to the franchisor
Make all strategic decisions independently
Hire all employees from the franchisor's company
Which entrepreneurial skill is demonstrated when a business owner reorganizes the factory layout to improve efficiency?
Persuasion
Leadership
Making Decisions
Risk-taking
Which thinking technique involves "thinking outside the box" to find new and unexpected ideas?
Blue Sky Thinking
Lateral Thinking
Six Thinking Hats
SWOT Analysis
Which factor in PEST Analysis examines interest rates, inflation rates, and economic growth?
Political Factors
Economic Factors
Social Factors
Technological Factors
In risk management, what does "MITIGATE" mean?
Transfer the risk to someone else
Completely avoid the hazard
Reduce the risk by changing what you do
Accept the risk and do nothing
Which of the following is an example of an INTERNAL stakeholder?
Government
Suppliers
Employees
Customers
What is the primary purpose of a business plan?
To outline the marketing strategy
To secure funding and guide the business
To analyze competitors
To manage employee performance
Which analysis tool helps identify strengths, weaknesses, opportunities, and threats?
Value Chain Analysis
Porter's Five Forces
PEST Analysis
SWOT Analysis
