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Team 2
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Teams
Name
Score
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15
×
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 'limited liability' mean?
You have limited control over the business
Your personal possessions are protected from business debts
You can only work limited hours
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lifesaver
Give 20 points!
Oops!
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gift
Win 20 points!
Okay!
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rocket
Go to first place!
Okay!
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lifesaver
Give 10 points!
Oops!
15
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What does it mean to 'borrow money' for a business?
To get a loan from a bank or lender
To steal money
To ask friends for free money
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15
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In a partnership business structure what do the owners share?
Only the work
Only the profits
Profits and responsibilities
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15
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Which tax do sole traders typically pay?
Business tax
Income tax
Corporation tax
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15
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What does 'advantage' mean?
A problem
A type of business structure
A benefit or positive point
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lifesaver
Give 25 points!
Oops!
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fairy
Take points!
5
10
15
20
25
×
rocket
Go to first place!
Okay!
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lifesaver
Give 15 points!
Oops!
15
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What does 'contrast' mean?
To start a new business
To show the differences between things
To make a legal agreement
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15
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What does 'disadvantage' mean?
A negative point or problem
A benefit
A business opportunity
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heart
Other team wins 15 points!
Oops!
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fairy
Take points!
5
10
15
20
25
×
shark
Other team loses 25 points!
Okay!
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banana
Go to last place!
Oops!
15
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What are 'accounts' in business?
Lists of customers
Financial records showing money in and out
Stories about the business
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15
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What does 'employ' mean?
To use equipment
To hire someone to work for you
To start a business
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15
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What is Companies House?
A website for business advice
A building where companies meet
The official UK government body that registers companies
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15
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What is 'corporation tax'?
Tax paid by individuals
Tax on buying products
Tax paid by limited companies on their profits
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15
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What does 'register' a business mean?
To write down your business ideas
To officially record your business with the government
To advertise your business
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