Lesson 1.1.3b
1.1.3b The role of the entrepreneur Quiz: Pearson Edexcel Business, Unit 1
20 questions
In partnership with Revision Ninja
Lesson 1.1.3b, The role of the entrepreneur: 20 multiple choice questions for the Pearson Edexcel GCSE Business (1BS0), Unit 1: Enterprise and entrepreneurship, written with Revision Ninja.
Host it live on the board and students join with a game code on their own devices, or revise alone with Free Play. The answers are revealed in the game.
The 20 questions
-
What are the three main roles of an entrepreneur?
- Regulating, taxing, legislating
- Organising, deciding, risking
- Auditing, taxing, regulating
- Inspecting, auditing, filing
-
What do entrepreneurs combine to start a business?
- Land, labour, capital
- Taxes, subsidies, grants
- Wages, rent, interest
- Debts, shares, bonds
-
Hiring staff and choosing sales locations are examples of which entrepreneurial role?
- Auditing annual accounts
- Organising resources
- Drafting legislation
- Paying corporation tax
-
Why do entrepreneurs willingly accept business risks?
- Fixed government pensions
- Guaranteed weekly wages
- Exemption from tax
- Potential profit rewards
-
Which action demonstrates an entrepreneur taking a financial risk?
- Renting secure premises
- Purchasing business insurance
- Signing fixed contracts
- Investing personal savings
-
What is meant by the organising role of an entrepreneur?
- Combining business resources
- Auditing financial accounts
- Filing legal documents
- Paying monthly taxes
-
Choosing when and where to launch a product is an example of what?
- Mandatory legal duty
- Business decision making
- Government regulation
- Tax avoidance strategy
-
Borrowing money for an untested product demonstrates which entrepreneurial trait?
- Regulation
- Bookkeeping
- Administration
- Risk-taking
-
What best describes the person who starts and runs a business?
- Entrepreneur
- Auditor
- Shareholder
- Regulator
-
Which of these are typical daily tasks for a small business entrepreneur?
- Governing, voting, legislating
- Legislation, taxation, auditing
- Recruiting, pricing, financing
- Regulating, inspecting, fining
-
What are the main core functions of an entrepreneur?
- Wages and tax
- Audits and loans
- Shares and dividends
- Risk and resources
-
Taking on a bank loan to expand a business is an example of what?
- Quality control
- Financial decision
- Market research
- Government audit
-
Which of these is NOT a role of an entrepreneur?
- Inspecting government goods
- Making decisions
- Organising resources
- Accepting risk
-
What motivates an entrepreneur to start a business despite the risks?
- Mandatory duties
- Government targets
- Guaranteed wages
- Financial rewards
-
What does organising resources involve in a business start-up?
- Combining business inputs
- Appointing government regulators
- Paying corporation tax
- Auditing annual accounts
-
What are the three core elements of entrepreneurship?
- Inspecting, regulating, trading
- Managing, auditing, taxing
- Borrowing, lending, saving
- Organising, deciding, risking
-
Hiring staff and buying raw materials is an example of what?
- Market research
- Quality assurance
- Organising resources
- Financial auditing
-
Choosing whether to sell goods online or in a shop is what?
- Business decision
- Tax obligation
- Government regulation
- Statutory audit
-
Why must entrepreneurs be willing to take risks?
- Fixed salaries
- Guaranteed profits
- State backing
- Business uncertainty
-
Using personal savings to buy equipment for a new start-up demonstrates what?
- Receiving government grants
- Obtaining a bank loan
- Accepting financial risk
- Securing shareholder funding
Related quizzes
- Changing technology, changing consumer wants and obsolescence Quiz · 1.1.1a · 20 questions
- Original ideas and adapting existing products, services and ideas Quiz · 1.1.1b · 20 questions
- Risk and reward in business activity Quiz · 1.1.2a · 20 questions
- Purpose of business activity and adding value Quiz · 1.1.3a · 20 questions
- Customer needs: price, quality, choice and convenience Quiz · 1.2.1a · 20 questions
- Financial aims and objectives when starting up Quiz · 1.3.1a · 20 questions
- Limited and unlimited liability Quiz · 1.4.1a · 20 questions
- Stakeholders and their objectives Quiz · 1.5.1a · 20 questions
- Internal (organic) growth: new products and new markets Quiz · 2.1.1a · 20 questions
- Design mix: function, aesthetics and cost Quiz · 2.2.1a · 20 questions