Edit Game
CEEP Mindset 2 | Unit 5 | Speaking & Listening | ...
 Delete

Use commas to add multiple tags

 Private  Unlisted  Public



 Save

Delimiter between question and answer:

Tips:

  • No column headers.
  • Each line maps to a question.
  • If the delimiter is used in a question, the question should be surrounded by double quotes: "My, question","My, answer"
  • The first answer in the multiple choice question must be the correct answer.

 Import questions





 Save   26  Close
A __________ is a business owned and operated by one person.
sole trader
A __________ is a business owned by two or more people who share the profits and responsibilities.
partnership
The __________ are the financial records of a firm’s transactions.
accounts
__________ are legal agreements between two or more parties.
Contracts
Companies need to __________ to avoid bankruptcy.
pay debts
__________ is a tax imposed on the profits of a corporation.
Corporate tax
A ________ is an individual or institution that owns shares in a company.
share holder
________ represent ownership in a company and can be bought and sold.
shares
Running a business involves various ______, such as rent, salaries, and utilities.
expenses
The ______ of a business are the profits it makes after all expenses have been paid.
earnings
What is 'corporation tax'?
 
Tax paid by limited companies on their profits
 
Tax paid by individuals
 
Tax on buying products
What does 'structure' mean in business?
 
How a business is organized and set up
 
The building where business operates
 
The products a business sells
What does 'straightforward' mean?
 
Simple and easy to understand
 
Honest and direct
 
Moving in a straight line
What are 'accounts' in business?
 
Financial records showing money in and out
 
Stories about the business
 
Lists of customers
What does 'pay debts' mean?
 
To give money that you owe to others
 
To receive money from customers
 
To count your money
What are 'earnings'?
 
The money you make from work or business
 
The things you learn
 
The hours you work
What does 'employ' mean?
 
To hire someone to work for you
 
To use equipment
 
To start a business
What is Companies House?
 
The official UK government body that registers companies
 
A building where companies meet
 
A website for business advice
What does 'register' a business mean?
 
To officially record your business with the government
 
To write down your business ideas
 
To advertise your business
What are 'personal possessions'?
 
Things you own like your house and car
 
Things the company owns
 
Things you borrow from others
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
Which tax do sole traders typically pay?
 
Income tax
 
Corporation tax
 
Business tax
What does 'limited liability' mean?
 
Your personal possessions are protected from business debts
 
You can only work limited hours
 
You have limited control over the business
In a partnership business structure what do the owners share?
 
Profits and responsibilities
 
Only the work
 
Only the profits
What does 'sole trader' mean?
 
A person who runs a business by themselves
 
A person who sells shoes
 
A person who works alone in an office
Your experience on this site will be improved by allowing cookies.