Ms. Heston's Advanced Business Strategy Quiz

1. Who is this? Where does he fit into our curriculum? What question do you think I might ask about him?

3. It's a fictional character from a famous novel. You can find references to him in ....

2. It's a historical figure who played a crucial role in .... He is mentioned in the ....

1. It's .......He crops up in Unit .....The attributes do you need to be a successful ...

4. It's a scientific concept that is fundamental to understanding ....

The correct answer provides a specific identification of the individual, their role in the curriculum, and hints at possible questions related to their attributes for success. The incorrect answers provide different scenarios to test the knowledge and critical thinking skills of the respondent.

Explanation

The correct answer provides a specific identification of the individual, their role in the curriculum, and hints at possible questions related to their attributes for success. The incorrect answers provide different scenarios to test the knowledge and critical thinking skills of the respondent.

2. What are the key factors to consider when applying for business start up grants?

2.Who ....What for...When...Why...

3. How many.... Where to apply.... How soon....

1. Where.... How much... How long....

4. Why now.... Who can apply.... How to qualify....

The correct answer provides a structured approach to understanding business start up grants by addressing the key factors such as who is eligible, what the grants are for, when to apply, and why it's important. The incorrect answers either focus on irrelevant aspects or miss important considerations to be made when applying for such grants.

Explanation

The correct answer provides a structured approach to understanding business start up grants by addressing the key factors such as who is eligible, what the grants are for, when to apply, and why it's important. The incorrect answers either focus on irrelevant aspects or miss important considerations to be made when applying for such grants.

3. How can the size of a business be measured?

You can measure the size of a business in the following ways:3.a)b)c)(Profit is not a method of measuring business size)

The size of a business can be measured by the color of its logo.

The size of a business can be measured by the number of office locations it has.

The size of a business can be measured by the number of likes on its social media posts.

The correct answer provides valid metrics commonly used to measure the size of a business, such as revenue, number of employees, and market share. The incorrect answers do not provide relevant or reliable methods for measuring business size.

Explanation

The correct answer provides valid metrics commonly used to measure the size of a business, such as revenue, number of employees, and market share. The incorrect answers do not provide relevant or reliable methods for measuring business size.

4. What are some common reasons that can cause a business to fail?

1. Having too much success and growth

2. Maintaining strong customer relationships

3. Effective marketing strategies

4. Going out of business can be caused by the following...a)b)c)

Business failure can be attributed to various factors such as poor financial management, lack of market demand, and ineffective business strategies. While success and growth are usually desirable, they can also lead to failure if not managed properly. Strong customer relationships and effective marketing are typically considered beneficial for a business, but they alone may not be sufficient to prevent failure if other critical aspects are overlooked.

Explanation

Business failure can be attributed to various factors such as poor financial management, lack of market demand, and ineffective business strategies. While success and growth are usually desirable, they can also lead to failure if not managed properly. Strong customer relationships and effective marketing are typically considered beneficial for a business, but they alone may not be sufficient to prevent failure if other critical aspects are overlooked.

5. What is the difference between unincorporated businesses and limited companies?

Unincorporated = more tax advantages, Limited company = less tax advantages

5. unincorporated = ?limited company = ?

Unincorporated = limited liability, Limited company = not a separate legal entity

Unincorporated = typically smaller businesses, Limited company = typically larger corporations

Unincorporated businesses are not considered separate legal entities from their owners, therefore not having limited liability protections. Limited companies, on the other hand, are separate legal entities with limited liability protections for their owners.

Explanation

Unincorporated businesses are not considered separate legal entities from their owners, therefore not having limited liability protections. Limited companies, on the other hand, are separate legal entities with limited liability protections for their owners.