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QUIZ IT Flashcards | StudBud
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QUIZ IT
QUIZ IT
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Questions
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Answers
1
A business plan contains details about
Owners
Location of the business
Products to be sold
All of the above
2
Private limited companies can sell shares on the stock exchange
False
True
3
What is the reward for enterprise
Rent
Salaries/wages
Profits
Interest
4
Entrepreneurship is important as it has the ability to improve standards of living and create wealth
False
True
5
The 4Ps of the marketing mix are product, price, place and promotion
False
True
6
Risk taking is an essential characteristic of an entrepreneur
False
True
7
An entrepreneur is someone who
Provides financial services
Sells products
takes risk and starts a new business venture
8
What is CSR
Corporate social responsibility
Corporate social revolution
Crucial societal roles
9
Identify the entrepreneur in the image
Bill gates
Steve Jobs
None of the above
Mark Zuckerberg
10
Medium term finance is more than 5 years
False
True
11
Bank overdraft is a type of
Short term finance
Long term finance
Medium term finance
