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Team 2
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Teams
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Score
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15
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What does 'pay debts' mean?
To give money that you owe to others
To count your money
To receive money from customers
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15
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What are 'accounts' in business?
Financial records showing money in and out
Lists of customers
Stories about the business
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15
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What does 'summarise' mean?
To make something longer
To add up numbers
To give the main points in a shorter form
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What does 'straightforward' mean?
Moving in a straight line
Simple and easy to understand
Honest and direct
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15
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What does 'compare' mean?
To compete with others
To look at similarities and differences
To buy something
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lifesaver
Give 25 points!
Oops!
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seesaw
Swap points!
Okay!
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rocket
Go to first place!
Okay!
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baam
Lose 20 points!
Oops!
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thief
Give points!
5
10
15
20
25
×
gift
Win 5 points!
Okay!
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shark
Other team loses 15 points!
Okay!
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banana
Go to last place!
Oops!
15
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What is Companies House?
A building where companies meet
A website for business advice
The official UK government body that registers companies
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15
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What are 'earnings'?
The things you learn
The hours you work
The money you make from work or business
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What does 'limited liability' mean?
You have limited control over the business
You can only work limited hours
Your personal possessions are protected from business debts
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15
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What does 'register' a business mean?
To write down your business ideas
To advertise your business
To officially record your business with the government
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15
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What does 'advantage' mean?
A benefit or positive point
A problem
A type of business structure
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What is 'corporation tax'?
Tax paid by limited companies on their profits
Tax on buying products
Tax paid by individuals
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15
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What does it mean to 'borrow money' for a business?
To ask friends for free money
To get a loan from a bank or lender
To steal money
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seesaw
Swap points!
Oops!
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magnet
Take 25 points!
Okay!
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fairy
Take points!
5
10
15
20
25
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banana
Go to last place!
Oops!
15
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Which tax do sole traders typically pay?
Income tax
Business tax
Corporation tax
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