IGCSE Business Studies Section 1: Business Activity

Front

Which of the following is NOT an example of a business activity? a) Manufacturing goods, b) Offering education services, c) Hosting a birthday party, d) Providing legal advice

Back

Hosting a birthday party

Front

What is the primary objective of PLC?

Back

Maximizing shareholder profits

Front

What is a sole trader?

Back

A business that is owned and operated by one person.

Front

Which of the following is a characteristic of a partnership? Options: a) Limited liability for the partners, b) Unlimited liability for the partners, c) A single owner who is responsible for the business, d) A legal entity separate from its owners

Back

Unlimited liability for the partners

Front

What is the main benefit of a private limited company?

Back

Limited liability for the company's owners.

Front

Which of the following is a disadvantage of a public limited company? a) Limited liability for the company's owners, b) Legal obligation to release financial information annually, c) The need to pay taxes on profits, d) The ability to keep ownership and control of the business

Back

Legal obligation to release financial information annually

Front

Which of the following is an example of internal growth for a business? Options: a) Merging with another company, b) Acquiring a competitor, c) Offering promotions on poor selling products, d) Opening new locations

Back

Opening new locations

Front

What is a business plan?

Back

A detailed written document outlining the main details, purpose & aims of a business.

Front

What is a franchise?

Back

A business that operates under a parent company's brand and business model.

Front

Which of the following is a stakeholder in a business? a) Government, b) Shareholders, c) Suppliers, d) All of the above

Back

All of the above