2675711
Description
Quiz by moniquekate182, updated more than 1 year ago
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Created by moniquekate182
about 9 years ago
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Question 1
Question
What are 3 motives of becoming an entrepreneur?
Answer
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Escape an uninteresting job
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To have more fun
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Easier
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A new idea
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Seen a gap in the market
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Less risk
Question 2
Question
opportunity costs are: the costs of an activity expressed in terms of the next best alternative.
Answer
- True
- False
Question 3
Question
There is only 2 ways to protect a business.
Answer
- True
- False
Question 4
Question
A franchisee is the person who is selling the franchise to another individual.
Answer
- True
- False
Question 5
Question
Break even output is calculated as:
Answer
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fixed costs / contribution per unit
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contribution per unit X number of units sold
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selling price - variable cost
Question 6
Question
A business plan should include: (tick all that apply)
Answer
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legal structure
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old ideas
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start date
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vision for the business
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pricing
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business advisors advice
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benefits to customers
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government agencies
Question 7
Question
there are 3 types of sampling
Answer
- True
- False
Question 8
Question
qualitative data is:
Answer
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data about opinions, attitudes and feelings.
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data in numerical form
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