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Y9 Bus/Econ - Unit 2 Entrepreneur & Stakeholders

Quiz by B

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7 questions
Show answers
  • Q1
    Which is an example of the role of entrepreneurship?
    Make a profit
    Adapt existing products
    Produce a business plan
    Make business decisions
    20s
  • Q2
    Jason runs a business called Prom Motors. He has seen his business expand over recent years and has employed more drivers. Jason believes that Brexit will lead to an increasing demand for their services. He explained his grand plans for the future of Prom Motors at a meeting with the drivers. Which one of the following entrepreneurial qualities did Jason demonstrate by explaining his grand plans for the future?
    Diligent
    Resilient
    Innovative
    Visionary
    60s
  • Q3
    In 2012, Hurricane Andrew destroyed Ralph Lucchi’s automobile business. He took out a $2m loan and remortgaged his house to restart his business. Which one of the following entrepreneurial characteristics best describes Ralph Lucchi’s actions?
    Diligent
    Resilient
    Risk avoider
    Innovative
    45s
  • Q4
    Which one of the following best defines the term stakeholder?
    An individual who owns shares in a business
    Someone with an interest in the success of a business
    Any individual who takes decisions within a business
    An owner of a private limited company
    30s
  • Q5
    Sean runs Sandwiches to Go, a business selling drinks and sandwiches near to a railway station. Which of the following is a stakeholder in Sandwiches to Go?
    Newsagent whose shop is near to Sandwiches to Go
    Owners of the railway station
    Customers of Sandwiches to Go
    Commuters who pass by Sandwiches to Go
    30s
  • Q6
    Stakeholders have an interest in the success of a business. All stakeholders:
    have a share of the profit.
    have different objectives.
    work for the business.
    invest money in the business.
    20s
  • Q7
    For a certain business, there are two groups of stakeholders. Group A’s objective is for the business to pay its taxes and keep the workers employed, while group B’s objective is for it to bring about prosperity and no harms to the neighbourhood. Group A and group B are:
    workers and local community respectively.
    government and customers respectively.
    workers and customers respectively.
    government and local community respectively.
    60s

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