Entrepreneurs and Leaders (Edexcel A-Level Business): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
What percentage of new UK businesses failed within the first year in 2012?
What percentage of new UK businesses failed within the first year in 2012?
20%
What percentage of new businesses were not expected to survive beyond three years?
What percentage of new businesses were not expected to survive beyond three years?
50%
Which barrier is identified as the most significant to starting a business?
Which barrier is identified as the most significant to starting a business?
Lack of finance
Which skill is NOT listed as part of entrepreneurial capacity?
Which skill is NOT listed as part of entrepreneurial capacity?
Manufacturing expertise
Which cost must employers pay regardless of business performance?
Which cost must employers pay regardless of business performance?
Regular wages
Which area is NOT mentioned as part of red tape businesses must comply with?
Which area is NOT mentioned as part of red tape businesses must comply with?
International trade agreements
What does risk aversion mean?
What does risk aversion mean?
Unwillingness to face uncertain outcomes
Which is NOT listed as a corrupt environment barrier?
Which is NOT listed as a corrupt environment barrier?
High taxation rates
How does USA culture view business failure compared to other countries?
How does USA culture view business failure compared to other countries?
As a learning experience
What is an entrepreneur?
What is an entrepreneur?
Person who sets up & runs a business w/ risks