6. Which of these is a risk and not an uncertainty?
A sudden tax introduction
Recession
Competition
Natural disaster
7. Which of these is not a form of social enterprise?
Lifestyle business
Co-operative
Charities
Mutual organisations
8. Which business type will most likely have the least paperwork to complete to start up?
Partnership
Lifestyle Business
Sole Trader
Franchise
9. Which two stages come after the Corporate Aims in the Aims and Objectives Pyramid?
Corporate Objectives and Functional Objectives
Corporate Objectives and Individual Objectives
Corporate Objectives and Department Objectives
Corporate Objectives and Department Aims
10. The workers at the architectural firm are highly skilled and motivated. What is the best leadership style for them?
Democratic
Laissez-faire
Autocratic
Paternalistic
11. Which of these is not a disadvantage of being a sole trader?
No cover for illness
One person does all the work
Struggle to raise finance
Long hours
12. What is 'R' in SMART Objectives?
Ranging
Relevant
Regulatory
Reliable
13. There are lots of employees at a particular factory, who easily slack off if they are not observed. What is the appropriate leadership style for them?
Autocratic
Paternalistic
Laissez-faire
Democratic
14. Which of these factors do not affect leadership styles?
Customers
Group size
Tradition
Leader's personality
15. Which of these business types has limited liability?
LTD
PLB
Sole Trader
Partnership
16. Gary has just bought Beccles McDonalds. Is he a franchisor or franchisee?
....
Franchisee
Franchisor
....
17. Which of these is not a barrier for entrepreneurs?
Education
Bankruptcy
Competition
Unexpected costs
18. Which of these business types has its securities traded on the stock exchange?
Sole Trader
Franchise
PLC
LTD
19. What is the best leadership style for a highly-skilled architectural company?
Paternalistic
Democratic
Depends
Laissez-faire
20. Which of these is not a characteristic of entrepreneurship?
