Question 1
What is the main purpose of most private sector businesses in Wales?
Correct Answer:
To generate profit for their owners or shareholders
Question 2
Which of the following is an example of a public sector organisation in Wales?
Correct Answer:
NHS Wales
Question 3
An entrepreneur is best described as someone who:
Correct Answer:
Takes the risk of setting up and running a business
Question 4
Which legal structure gives the owners limited liability and a separate legal identity from the business?
Correct Answer:
Private limited company (Ltd)
Question 5
What does unlimited liability mean for a sole trader?
Correct Answer:
The owner’s personal assets can be used to pay business debts
Question 1
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About this Exam

Prepare with the Made-for-Wales GCSE Business Practice Questions - WJEC Made-for-Wales GCSE Business (Qualifications Wales regulated) Exam practice quiz. This question bank includes 100 questions covering business, costs, sole, trader, and welsh. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

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Made-for-Wales GCSE Business Practice Questions - WJEC Made-for-Wales GCSE Business (Qualifications Wales regulated) Exam

This practice set contains 100 questions from the matching question bank and focuses on business, costs, sole, trader, and welsh. Work through each question carefully, review the provided solutions, and revisit topics that need more study before your next attempt.

This is an independent study resource intended for practice and review; it is not an official examination or an endorsement by any organization named in the title.

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