Business Studies AS Level

Niki_1320
Quiz by Niki_1320, updated more than 1 year ago
Niki_1320
Created by Niki_1320 over 6 years ago
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Description

Quiz on Business Studies AS Level , created by Niki_1320 on 04/22/2015.

Resource summary

Question 1

Question
Which of these is an incorrect statement for entrepreneurs when starting up a new business?
Answer
  • You get to be your own boss
  • You make your own rules
  • Starting up your own business is easy to do

Question 2

Question
Government grants contribute to the costs of a project
Answer
  • True
  • False

Question 3

Question
Government grants have to be paid back
Answer
  • True
  • False

Question 4

Question
Which explanation best describes opportunity cost?
Answer
  • The cost of the next best alternative
  • Having the opportunity to charge different prices to different customers
  • Taking the opportunity to pay for the cost of expenditures in order to increase success

Question 5

Question
Why do people brainstorm?
Answer
  • To get creative ideas through open-ended discussion
  • To get staff members ready for the proceedings of the day
  • To allow others to speak about the things they don't like about the business

Question 6

Question
A franchise is a business contract to allow a business to buy products form other businesses
Answer
  • True
  • False

Question 7

Question
What is trademark?
Answer
  • The protection given to books and plays
  • The right to produce a product
  • A way in which business differentiates itself from it's competitors

Question 8

Question
Business activity is classified in 4 different sectors?
Answer
  • True
  • False

Question 9

Question
In a stratified sample everyone has an equal chance of being in the sample
Answer
  • True
  • False

Question 10

Question
Motivation can be done by...
Answer
  • Giving people a pay rise
  • Allowing staff to talk to customers
  • Make staff work longer hours
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