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Unit 1 Recap

Quiz by Neil Brand

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10 questions
Show answers
  • Q1
    Which of the following is an example of a long-term source of finance?
    Sales Revenue
    Overdraft
    Trade Credit
    Bank Loan
    30s
  • Q2
    Which of the following would a Sole Trader pay on their profits?
    Corporation Tax
    Income Tax
    National Insurance
    Import Duty
    30s
  • Q3
    Legislation protects workers from which of the following types of discrimination?
    Ability
    Age
    Political
    Ethical
    30s
  • Q4
    A UK business sells its products to Europe - the price per unit is £26.00 The exchange rate between the pound and the euro is £1 = 1.25 euro What would be the cost, in euros, of 425 units?
    11050 euros
    452.25 euros
    13812.50 euros
    531.25 euros
    60s
  • Q5
    Which of the factors below would be the least important to Anne when deciding where to locate her salon?
    Customers
    Supplies
    Competition
    Staff
    30s
  • Q6
    Which one of the following is the most important feature of enterprise?
    Poor planning
    Employing people
    A willingness to take risks
    Gaining qualifications
    30s
  • Q7
    Which of the following is a key feature of unlimited liability?
    Has employees
    Cannot get a bank loan
    Working on your own
    Responsible for debts
    30s
  • Q8
    Businesses supply goods and services to consumers. Which of the following is an example of a service?
    An MP3 player
    A train journey
    A magazine
    A bottle of water
    30s
  • Q9
    Which of the following is an example of a fixed cost for a biscuit manufacturer?
    Rent of the business premises
    Chocolate chips used in each biscuit
    Packaging used with the biscuits
    Sugar used in production
    30s
  • Q10
    Which one of the following is NOT a source of added value for the retailer when selling crisps to the consumer?
    Competitor's crisp prices
    A unique selling point of the crisps
    The quality of the crisps
    The brand name of the crisps
    30s

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