What is business activity? (1)

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Resumen del Recurso

Pregunta 1

Pregunta
A business is an organisation which provides only physical goods.
Respuesta
  • True
  • False

Pregunta 2

Pregunta
Which of the following are consumer products?
Respuesta
  • Magazine
  • Delivery Van
  • Education
  • Sugar Cane

Pregunta 3

Pregunta
Businesses have to satisfy people's needs and wants. Select the needs from the list below:
Respuesta
  • Water
  • Clothing
  • Mobile Phone
  • Cleaner environment

Pregunta 4

Pregunta
In any business a number of business functions may be carried out. Select the option below that is not a functional area of a business.
Respuesta
  • Production
  • Marketing
  • Finance
  • Enterprise

Pregunta 5

Pregunta
Many small businesses are owned by individuals, families, or small groups of people. These people are often called entrepreneurs.
Respuesta
  • True
  • False

Pregunta 6

Pregunta
The government does not have any financial interest in small business.
Respuesta
  • True
  • False

Pregunta 7

Pregunta
Venture capitalists are stakeholders.
Respuesta
  • True
  • False

Pregunta 8

Pregunta
The changing business environment refers the factors that may affect a business that may change over time. The following are factors that may affect a business, select the most correct answer.
Respuesta
  • government legislation, competition, population trends, world affairs
  • government regulation, employees, services, population trends
  • business objectives, strength of competition, demand patterns, government regulation
  • stakeholders, demand patterns, world affairs, private sector
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