Episode 3, End of episode quiz

QUIZ

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TRIVIAL

End of episode quiz

QUESTION 1/4

Question 1/4

Explanation

Running errands involves delivering services or items from one place to another, which is a core aspect of logistics. In contrast, the other options involve selling or producing products rather than handling their transportation or delivery.

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QUESTION 2/4

QUESTION 2/4

Explanation

SMEs account for over 99% of businesses in the UK due to several factors. One being that they have lower entry barriers, making it easier for individuals to start and manage their own businesses with limited capital or resources. These businesses are crucial to the economy.

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QUESTION 3/4

QUESTION 3/4

Explanation

A surf instructor running a small surf school is an example of a lifestyle business as it's typically designed around the owner's personal interests or desired lifestyle rather than a goal of rapid growth or large-scale profits.

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QUESTION 4/4

QUESTION 4/4

Explanation

The legal structure that involves being personally liable for business debts is a sole trader. As a sole trader, you own and run your business by yourself. However, this means you are personally responsible for any debts.

End of the quiz!