WorksheetsIGCSE Business Studies
Total questions: 20
Worksheet time: 23mins
Name
Class
Date
1.
Which sector would a CAR FACTORY be part of?
a)
Primary
b)
Secondary
c)
Tertiary
2.
what is unlimited liability?
a)
Personal possessions CAN be taken to repay a debt
b)
Personal possessions CANNOT be taken to repay a debt
3.
What is a sole trader?
a)
One person who works for a business
b)
One person who sues a business
c)
One person who leaves a business
d)
One person who owns and runs a business
4.
What is a car an example of?
a)
A Cost
b)
A service
A Service
A Service
c)
A Product/Good
5.
What happens in the secondary sector?
a)
Raw materials are sourced
b)
Products are made
c)
Products/services provided to customers
6.
What happens in the tertiary sector?
a)
Raw materials are sourced
b)
Products are made
c)
Services provided to customers
7.
What benefit does limited liability give an entrepreneur?
a)
More sales
b)
Access to greater market information
c)
Reduced number of competitors
d)
Protection of personal assets
8.
What is a market segment?
a)
A part of a market e.g. age, gender
b)
A piece of cake
c)
Part of a person e.g. age, gender
d)
Smaller part of a larger market e.g. shop
9.
Which of the following are not internal stakeholders?
a)
Owners
b)
Employees
c)
Management
d)
The environment
10.
Which of the following is NOT a benefit of being a sole trader?
a)
Keep all the profit
b)
Make own decisions
c)
Easy to set up
d)
Working long hours, no holidays
11.
Which of these is an example of an external stakeholder?
a)
Employees
b)
Customers
c)
Employers
d)
Shareholders
12.
Leadership style that listens to employees and encourages their opinions.
a)
Democratic
b)
Laissez Faire
c)
Autocratic
d)
Paternalistic
13.
What is a consumer?
- best answer
- best answer
a)
A consumer is someone who buys goods for their own use.
b)
A consumer is someone whos sell goods for profit.
c)
A consumer runs a business as a CEO.
d)
A consumer is someone who buys goods and services for their own use.
14.
What sector would a SCHOOL be part of?
a)
Primary
b)
Secondary
c)
Tertiary
15.
What is a franchise?
a)
When a person buys from a business
b)
When a person buys the rights to a business
c)
When a person owns a new business
d)
When a person sues a business
16.
In business there are 2 main types of costs. F__________ and V_________ Costs.
a)
Fixed, Variable
b)
First, Varied
c)
Fine, Varied
d)
Fixed, Varied
17.
Which of the following has unlimited liability?
a)
Private Limited Company
b)
Public Limited Company
c)
Franchise
d)
Sole Trader
18.
Who designed the hierarchy of needs?
a)
Frederick Herzberg
b)
Wilfred Taylor
c)
Elton Mayo
d)
Abraham Maslow
19.
What is an example of a service?
a)
A bus journey
b)
a bus
A bus
A bus
c)
a bus stop
A bus stop
A bus stop
20.
A brand is
a)
A sign or symbol
b)
An image
c)
A named product that is seen as different to other products
d)
A combination of letters and images
100 %
