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What is business activity? (1)

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Revision Quiz
olivia.franklin
Quiz by olivia.franklin, updated more than 1 year ago
olivia.franklin
Created by olivia.franklin over 8 years ago
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Resource summary

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
  • Education
  • Sugar Cane

Question 3

Question
Businesses have to satisfy people's needs and wants. Select the needs from the list below:
Answer
  • Water
  • Clothing
  • Mobile Phone
  • 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
  • Finance
  • 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
  • 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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