1) Where a person (usually a sole trader) has no limit to the amount of debt that they are responsible for. a) Unlimited Liability b) Wastage c) Pension d) Unique Selling Point (USP) 2) Where if a company gets into debt an individual shareholder is only responsible for the amount of debt that matches their investment.  a) Strategy b) Multi-Use Facility c) Unique Selling Point (USP) d) Limited Liability 3) An organisation funded by the government that deliver on a not-for-profit basis. a) Stakeholder b) Globalisation c) Unlimited Liability d) Public Body 4) Leisure centres incorporating additional facilities. a) Multi-Use Facility b) Niche Market c) Interest Rates d) Unlimited Liability 5) A private or fee paying club that offer leisure or sports facilities for the exclusive use of its members a) Members Only Club b) Multi-Use Facility c) Wastage d) Inflation 6) A small, specialised market for a particular product or service. a) Productivity b) Niche Market c) Globalisation d) Interest Rates 7) Someone who has an interest in a business. a) Stakeholder b) Limited Liability c) Strategy d) Inflation 8) The rate at which the cost of goods and services rise. a) Public Body b) Inflation c) Multi-Use Facility d) Capacity 9) The amount of a loan that is charged to a borrower. a) Corporation Tax b) Members Only Club c) Strategy d) Interest Rates 10) When businesses and organisations develop international operations and influence. a) Stakeholder b) Wastage c) Logistics d) Globalisation 11) How a business plan is implemented a) Strategy b) Stakeholder c) Public Body d) Cash Flow 12) A tax-efficient method of saving during working life to provide an income once retired. a) Pension b) Corporation Tax c) Multi-Use Facility d) Assets 13) The output or performance that a business can provide in a given time. a) Capacity b) Stakeholder c) Interest Rates d) Limited Liability 14) Property or equipment owned by a business or organisation with a specific value. a) Assets b) Productivity c) Pension d) Unique Selling Point (USP) 15) The amount of money flowing in and out of a business or organisation. a) Capacity b) Public Body c) Cash Flow d) Pension 16) The service or stock that is not used to its potential resulting in a monetary loss to the business. a) Strategy b) Capacity c) Public Body d) Wastage 17) Something that makes a business or its product different to anything else. a) Unique Selling Point (USP) b) Multi-Use Facility c) Assets d) Wastage 18) The tax imposed on a companies income and profits. a) Strategy b) Wastage c) Interest Rates d) Corporation Tax 19) The coordination, movement and storage of products or services. a) Corporation Tax b) Productivity c) Strategy d) Logistics 20) The economic measure of a businesses potential output. a) Globalisation b) Productivity c) Inflation d) Logistics

FIT2 Business Baseline Assessment

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