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Who Wants to be a Who Wants to be a Social Entrepreneur?Social Entrepreneur?
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Question 1
£100
What is the first thing to consider when setting up a business
A Market Research
B Insurance
C Accounts
D Business Plan
What is the first thing to consider when setting up a business
A Market Research
B Insurance
C Accounts
D Business Plan
Question 2
£200
The first legal requirement for an organisation receiving
public funds is?
A Insurance Policy
B VAT Registration Form
C Written Constitution
D Health and Safety Policy
The First legal requirement for an organisation receiving
public funds is?D
A Insurance Policy
B VAT Registration Form
C Written Constitution
D Health and Safety Policy
Question 3
£500
How is the Board of a Social Enterprise appointed?
A Purchase of shares
B Appointed by Local Authority
C Democratic election
D Founders automatically sit on Board
How is the Board of a Social Enterprise appointed?
A Purchase of shares
B Appointed by Local Authority
C Democratic election
D Founders automatically sit on Board
Question 4
£1,000
What would you use to show that you can remain in business for
the next three years?
A Cash Flow Forecast
B Permanent Staff Contracts
C Business Plan
D Track record of bid writing
What would you use to show that you can remain in business for
the next three years?
A Cash Flow Forecast
B Permanent Staff Contracts
C Business Plan
D Track record of bid writing
Question 5
£2,000
Who is responsible for delivery of the business plan?
A The Administrator
B Everyone within the enterprise
C The Staff Team
D The Manager
Who is responsible for delivery of the business plan?
A The Administrator
B Everyone within the enterprise
C The Staff Team
D The Manager
Question 6
£5,000
What do you have to issue to employees?
A Contract of Employment
B Pension Scheme
C Uniform
D Mobile Phone
What do you have to issue to employees?
A Contract of Employment
B Pension Scheme
C Uniform
D Mobile Phone
Question 7
£10,000
What happens to profit generated by a Social
Enterprise?
A It doesn’t make a profit
B It is used for social benefit
C It is shared amongst the staff
D It goes to the Government
What happens to profit generated by a Social
Enterprise?
A It doesn’t make a profit B It is used for social benefit
C It is shared among the staff
D It goes to the Government
Question 8
£20,000
DD
How can you demonstrate a social enterprise is financially
sustainable?
A Grants Secured
B Increased numbers of staff
C Profit and Loss Accounts
D Track record of Delivery
How can you demonstrate a social enterprise is financially
sustainable?
A Grants Secured
B Increased numbers of staff
C Profit and Loss Accounts
D Track record of Delivery
Question 9
£50,000
How many people do you need to register a company Ltd by
Guarantee?
A Six
B Two
C Eight
D Any odd number
How many people do you need to register a company Ltd by
Guarantee?
A Six
B Two
C Eight
D Any odd number
Question 10
£100,000
D
What does Limited Liability mean?
B Health and Safety does not apply
C Members are protected if SE fails
D The Government pays off your debts
A Directors cannot be prosecuted
What does Limited Liability mean?
A Directors cannot be prosecuted
B Health & Safety does not applyT
C Members are protected if the SE fails
D The Government pays off your debts
Question 11
£250,000
How can Local Authorities support social enterprises to
secure premises?
A Underwriting mortgages
B Transferring assets
C Support to write grant applications
D Reducing business rates
How can Local Authorities support social enterprises to
secure premises?
A Underwriting mortgages
B Transferring assets
C Support to write grant applications
D Reducing business rates
Question 12
£500,000
What is the threshold above which Social Enterprises have to
register for VAT?
A £27,500
B £49,000
C £81,000
D £100,000
What is the threshold above which Social Enterprises have to
register for VAT?
A £27,500
B £49,000
C £81,000
D £100,000
Question 13
£1,000,000
What three things do Social Enterprises need to keep in
balance?
A Staff – Skills - Support
B Tendering – Training - Timekeeping
C Management – Money - Marketing
D Product – Process - Profit
What three things do Social Enterprises need to keep in
balance?
A Staff – Skills - Support
B Tendering – Training - Timekeeping
C Management – Money - Marketing
D Product – Process - Profit
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