1) What is the definition of a micro business? a) Has under 50 employees b) Has under 10 employees and takes under £2million c) Has under 20 employees and takes over £5 million d) Has under 10 employees and takes £1000 e) Has over 250 employees and takes £20 million f) Has under 30 employees 2) What is the first most important factor for setting up a business?  a) Funds and Planning  b) Cash and a Team c) A bank loan and fast car d) A good idea e) Knowing a good location f) Friends and Cupcakes

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