680625
Description
Quiz by olivia.franklin, updated more than 1 year ago
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Created by olivia.franklin
over 10 years ago
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Question 1
Question
A business is an organisation which provides only physical goods.
Answer
- True
- False
Question 2
Question
Which of the following are consumer products?
Answer
-
Magazine
-
Delivery Van
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Education
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Sugar Cane
Question 3
Question
Businesses have to satisfy people's needs and wants.
Select the needs from the list below:
Answer
-
Water
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Clothing
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Mobile Phone
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Cleaner environment
Question 4
Question
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.
Answer
-
Production
-
Marketing
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Finance
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Enterprise
Question 5
Question
Many small businesses are owned by individuals, families, or small groups of people. These people are often called entrepreneurs.
Answer
- True
- False
Question 6
Question
The government does not have any financial interest in small business.
Answer
- True
- False
Question 7
Question
Venture capitalists are stakeholders.
Answer
- True
- False
Question 8
Question
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.
Answer
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government legislation, competition, population trends, world affairs
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government regulation, employees, services, population trends
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business objectives, strength of competition, demand patterns, government regulation
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stakeholders, demand patterns, world affairs, private sector
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