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Entrepreneur & Starting a bus review Flashcards | StudBud
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Entrepreneur & Starting a bus review
Entrepreneur & Starting a bus review
12 terms
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StudBud Administration
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#businessstructures #entrepreneurship
Flashcards
12 cards
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Practice quiz
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Questions
12
Answers
1
Being flexible means...?
a formalised process to make plans
being able to select between a range of different alternatives
Being able to easily modify and respond to altered situations
exposing yourself to danger
2
A creative person...?
uses their imagination to destroy the world
Uses their imagination or ideas to create something
3
Which of the following is a type of business that operates as a separate legal entity?
Franchise
Company
Partnership
Sole Partnership
4
A social enterprise is different to a charity or non profit because...?
It doesn't make a profit
It always makes a loss
Gives aways all its profits
GIves away at least 50% of its profit
5
People start a business...
To choose their own working hours
To make money
because they have an idea
all of the above
6
Which of the following is a disadvantage of owning a franchise?
You get assistance from a parent co.
Name Recognition
Must follow parent company structure
Shared Advertising
7
Which type of business structure has the most taxes?
Partnership
Sole Trader
Corporation
Franchise
8
Which of the following is defined as a business which is owned and operated by one individual?
Franchise
Partnership
Entrepreneurship
Sole Trader
9
Which is the easiest and most common business structure?
Franchise
Company
Partnership
Sole Trader
10
Which of the following is NOT a type of a business ownership?
Entrepreneurship
Partnership
Sole Trader
Franchise
11
Which of the following are qualities of an entrepreneur
Shooting
Risk taker
Successful
Innovative
12
Which of these structures have limited liability
Company
Sole Trader
None of the above
Partnership
