Component 1 Quiz

• Computing
• Upper Secondary (Key Stage 4)
• BTEC

Component 1 Quiz

1. Why would Rina set up her own business?
2. What skills will help her business be successful?

Extension

https://www.bbc.co.uk/bitesize/guides/z6y9rj6/revision/3 

What is a micro enterprise?

1. A business with up to 10 staff.
2. A business with up to 11-49 staff.
3. A business with 50-249 staff.

What is a small enterprise?

1. A business with up to 10 staff.
2. A business with up to 11-49 staff.
3. A business with 50-249 staff.

What is a medium enterprise?

1. A business with up to 10 staff.
2. A business with up to 11-49 staff.
3. A business with 50-249 staff.

What is an enterprise?

1. The term used to describe a business or company.
2. A spaceship.
3. The term used to describe a business with only one owner.
4. The term used to describe a business with limited liability.

What are goods?

1. Physical products that can be purchased.
2. Acts or tasks carried out by an enterprise that can be purchased.

What are services?

1. Physical products that can be purchased.
2. Acts or tasks carried out by an enterprise that can be purchased.

What is an entrepreneur?

1. Person who sets up a new enterprise in order to  make a profit, or achieve a goal.
2. People who invest in stocks/shares.
3. People who work for a business.

Which of these are potential growth aims of an enterprise?

1. Making a profit, Surviving, or Breaking Even
2. Expanding, Maximising Sales
3. Being Environmentally Friendly, Being Ethical, Satisfying Customers, Providing a social service

Which of these are potential social and ethical aims of an enterprise?

1. Making a profit, Surviving, or Breaking Even
2. Expanding, Maximising Sales
3. Being Environmentally Friendly, Being Ethical, Satisfying Customers, Providing a social service

What does unlimited liability mean?

1. A person is responsible for all debts of the enterprise. They can lose their home or personal money if they can't pay the debt of the business.
2. The owners of the enterprise are not personally liable for the debts of the enterprise.

What is a skill of an entrepreneur?

1. Something easy to measure and define. For example financial management.
2. Something harder to define. For example creativity,

What is a characteristic of an entrepreneur?

1. Something easy to measure and define. For example financial management.
2. Something harder to define. For example creativity,

What is a business activity?

1. Something a business does regularly. For example opening up the shop or ordering stock.
2. Something a business hopes to achieve.
3. Making a profit.
4. Maintaining high standards.

Who is this entrepreneur

Which of these is a financial aim?

1. Being environmentally freindly
2. Expanding your sales
3. Growing the number of staff
4. Breaking Even

Who is this entrepreneur

Who is this entrepreneur

Who is this entrepreneur

Which of the following would not be included in the business plan when planning to open a brand new business?

1. Financial predictions
2. Market Research
3. Last years profit and loss figures
4. Aims and Objectives

What does the term SWOT mean ?

1. Sales, Weaknesses, Opportunities and Threats
2. Sales, Weekly, Opportunities and Threats
3. Strengths, Weaknesses, Opportunities and Threats
4. Strengths, Weaknesses, Opportunities and Time

You must include uncertainties and risk in a business plan.

1. True
2. False

Sole traders have _____ liability.

1. Limited
2. Unlimited

Which of these are potential financial aims of an enterprise?

1. Making a profit, Surviving, or Breaking Even
2. Expanding, Maximising Sales
3. Being Environmentally Friendly, Being Ethical, Satisfying Customers, Providing a social service

What is a social enterprise?

1. A business who keeps all their profits.
2. A business which aims to achieve a social goal.

Which of these is a business activity?

1. Making a profit
2. Motivation
3. Restocking shelves
4. Expanding the business

Which of these is a skill?

1. Time management
2. Motivation
3. Creativity
4. Passion