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Young people are much more likely to be entrepreneurs than older 1

people.

The theory that assumes capitalist economies are dominated by large 1

monopolistic firms is called

Storey cites eight possible factors that may lead to higher rates of new 4
firm formation within a given geographic area. Which of the following
is not one of these factors?

Focus groups are 2

Which of the following statements most accurately describes 1

innovation:

Which of the following is not an advantage that large firms hold over 4
small firms in managing innovation?

Someone legally appointed to sell off the assets of a bankrupt firm is 2

called

A big advantage for franchisees is that they can learn from the past 2
experience of the franchise company. True/False?

Which of the following is not one of the 4 Ms? 1

A domain name is 2

On average, do small firms have levels of trade union membership 1

which is

In the list below, there are four types of potential liabilities in a 2

business, and one type of potential asset. Which is the potential asset?

An entrepreneur who runs a business, sells it and moves onto another 2

venture in a relatively short time is called
 Questions Option Selected

Which of the following statements is true? 1

Which of the following is incorrect? 1

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You are about to submit your exam, you can review all the questions here .

Total Questions Total Attempted Questions Total Not Attempted Questions

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Questions Option Selected

In which of the following countries is it comparatively most expensive 3

to set up a new small business?

How many employees does a ‘small’ business have? 4

Which of the following is usually not a barrier to market entry for a 2

small firm?

User innovation is: 1

KTP stands for: 3

A good business plan will answer 3 straightforward questions. 1

Indicate which of the following is not one of these.

The best way to write a business plan is to use a standard template 2

provided by one of the banks or specialist business planning software.
True/False?

Someone legally appointed to sell off the assets of a bankrupt firm is 2

called

A franchise is a legally separate enterprise operating in some way 2

under the umbrella of another organisation. True/False?

Which is the most common form of co-operative? 2

On average, do large firms experience numbers of strikes and 1

industrial action which is
 Questions Option Selected

The fundamental principle on which word of mouth recommendations 4

is based is that the receiver of the communication must regard the
communicator as

An entrepreneur who owns more than one business at a time is called 3

Overtrading is a key financial issue at which of the following stages of 3

development:

An entrepreneur who runs a business, sells it and moves onto another 2

venture in a relatively short time is called