2. Who Wants to be a Social Entrepreneur? © reserved

3. Question 1

4. £100

5. What is the first thing to consider when setting up a business A Market Research B Insurance C Accounts D Business Plan

6. What is the first thing to consider when setting up a business A Market Research B Insurance C Accounts D Business Plan

7. Question 2

8. £200

9. 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

10. 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

11. Question 3

12. £500

13. 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

14. 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

15. Question 4

16. £1,000

17. 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

18. 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

19. Question 5

20. £2,000

21. Who is responsible for delivery of the business plan? A The Administrator B Everyone within the enterprise C The Staff Team D The Manager

22. Who is responsible for delivery of the business plan? A The Administrator B Everyone within the enterprise C The Staff Team D The Manager

23. Question 6

24. £5,000

25. What do you have to issue to employees? A Contract of Employment B Pension Scheme C Uniform D Mobile Phone

26. What do you have to issue to employees? A Contract of Employment B Pension Scheme C Uniform D Mobile Phone

27. Question 7

28. £10,000

29. 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

30. 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

31. Question 8

32. £20,000

33. 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

34. 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

35. Question 9

36. £50,000

37. How many people do you need to register a company Ltd by Guarantee? A Six B Two C Eight D Any odd number

38. How many people do you need to register a company Ltd by Guarantee? A Six B Two C Eight D Any odd number

39. Question 10

40. £100,000

41. 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

42. What does Limited Liability mean? A Directors cannot be prosecuted B Health & Safety does not apply T C Members are protected if the SE fails D The Government pays off your debts

43. Question 11

44. £250,000

45. 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

46. 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

47. Question 12

48. £500,000

49. 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

50. 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

51. Question 13

52. £1,000,000

53. 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

54. 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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