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WorksheetsEmployee vs Self-Employed: Pros and Cons
Total questions: 13
Worksheet time: 9mins
Which of the following is a key feature of being an employee?
You set your own working hours and choose your clients
You receive a regular salary and may have paid holidays
You are responsible for your own tax returns
You must provide your own equipment for work
What is one main advantage of self-employment compared to being an employee?
Guaranteed income every month
Greater flexibility in choosing when and where to work
Employer-provided pension scheme
Paid sick leave
Which of the following is a disadvantage of being self-employed?
You have less control over your work schedule
You must manage your own taxes and National Insurance contributions
You receive paid annual leave
You are entitled to statutory sick pay
In Great Britain, which of the following is typically provided to employees but not to self-employed individuals?
Statutory maternity pay
Ability to choose clients
Responsibility for business expenses
Flexible working hours
Which statement best describes employment?
Working for yourself and taking on multiple clients
Working under a contract for an employer who directs your work
Running your own business and hiring staff
Freelancing for different companies
What is a common disadvantage of being an employee?
Unpredictable income
Limited control over work tasks and schedule
Responsibility for business risks
Need to find clients
Which of the following is a feature of self-employment?
Receiving a payslip from an employer
Setting your own prices for services
Automatic enrolment in a workplace pension
Paid annual leave
Which of the following is an advantage of being an employee in Great Britain?
You must arrange your own insurance
You are entitled to paid holidays and sick leave
You have to invoice clients for payment
You are responsible for all business expenses
Which of the following best describes self-employment?
Working for a company with a fixed salary
Running your own business and being responsible for profits and losses
Receiving benefits such as paid leave from an employer
Having a manager who directs your daily tasks
What is a potential risk of self-employment?
Guaranteed income regardless of business performance
No entitlement to statutory sick pay
Employer-provided health insurance
Paid annual leave
What three things do you need to become an entrepreneur?
Which of the following is a common feature of employment in Great Britain?
Setting your own working hours
Direct control over business profits and losses
Regular salary payments
Choosing which clients to work with
What does CAPITAL mean?
money borrowed from a bank
money to start up a business
money to run your business each day
money that you save for a purchase
