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1. Which of the following is a key enterprise skill?

  • The willingness to follow a course of business studies
  • The ability to raise finance
  • A willingness to take initiative
  • The willingness to employee employees
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2. Which is a short term source of finance?

  • Leasing
  • Bank loan
  • Trade credit
  • Share capital

3. What is a Franchisor?

  • a type of money
  • Some one who sets up their own business
  • the business that gives franchisees the right to sell its product or service
  • a business that agrees to manufacture, distribute or provide a branded product under licence

4. What is a Quotas

  • Putting a limit on on the number of imports
  • Giving money to other countries to improve the imports
  • A tax
  • a type of renewable energy

5. What is a method of reducing costs ?

  • Cheaper labour costs
  • Train employees better
  • Being more competitive
  • Gaining more employees


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