Business Introduction
Presentation
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Other
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Vocational training
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Practice Problem
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Medium
Rebecca Pocock
Used 1+ times
FREE Resource
15 Slides • 19 Questions
1
2
3
Open Ended
What are the different types of setups you could choose for becoming a dog groomer?
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5
6
Match
Match the Business Type with the Correct Explanation
Sole Trader
Partnership
Franchising
One person runs owns own business
A business structure where two or more individuals share ownership and responsibilities.
A business model where a franchisee pays for the right to operate under a franchisor's brand.
One person runs owns own business
A business structure where two or more individuals share ownership and responsibilities.
A business model where a franchisee pays for the right to operate under a franchisor's brand.
7
Multiple Choice
What is a key advantage of a Partnership over a Sole Proprietorship?
Limited liability
More capital available
No need for registration
Profits are not taxed
8
Multiple Choice
A business with one owner is known as a:
Company
Sole trader
Partnership
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10
Open Ended
What points do you consider when choosing a location?
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12
Multiple Choice
What factors does the local authority consider when granting planning permission?
The building of a new dwelling
Changes to the environment
Traffic/Noise it will cause
All of the above
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15
Multiple Choice
What types of properties are charged business rates?
Shops
Offices
Pubs
All of the above
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17
Open Ended
How long do you legally as the HMRC states that have to keep your records for?
18
Open Ended
When is the end of tax year?
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Multiple Choice
Jessie did not meet the minimum income requirement to file a tax return. What is one reason for why she should file a tax return anyway?
She could potentially get a refund for the taxes that were withheld from her paycheck.
She still needs to report her income to the Federal government.
She can qualify for a higher tax refund next year.
She is still legally required to file a tax return even if she does not meet the minimum income requirement to owe taxes.
20
Multiple Choice
Anita is self-employed. Which of the following is a true statement regarding her tax obligations:
She must pay the entire amount of her payroll taxes.
She does not have to pay income taxes.
She is taxed at a lower rate than people who are not self-employed.
Her taxes are called excise taxes.
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22
Multiple Choice
What is the minimum profit required to pay Class 2 National Insurance?
£5,000
£6,725
£7,500
£8,000
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Multiple Choice
What is the tax-free personal allowance amount mentioned in the text?
£10,000
£12,570
£15,000
£20,000
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Open Ended
What are the expenses a groomer typically incurs?
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Open Ended
How does a groomer create their income?
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Multiple Choice
How do you comply with the General Data Protection Regulation (GDPR) 2018?
Store information indefinitely
Only keep necessary data
Share data with third parties
Delete all data immediately
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Multiple Choice
Max owns a small business and wants to protect himself from potential legal claims made by customers or other parties. Which type of insurance should Max consider to cover the costs of such legal claims?
Property Insurance
Health Insurance
Liability Insurance
Life Insurance
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Open Ended
What questions would you like to ask Karen (the grooming goddess) before her seminar on Monday?
34
Poll
How confident do you feel about this topic now?
Show answer
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