A busy street is more important for a retailer than a wholesaler
Unit 1 - AOS 2 Internal

Quiz
•
Social Studies
•
11th Grade
•
Medium
Used 10+ times
FREE Resource
13 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
True
False
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An advantage of starting a business from scratch is...
profits are gained after a short duration of time
you only need to use a small amount of debt
you receive support from a successful franchisor
greater independence and control over the planning
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main disadvantage of buying an established business?
A proven track record makes it easier to obtain finance
Stock and capital resources has already been acquired and is ready for sale or use
A good business history increases the likelihood of business success and goodwill
Can be hard to assess the value of goodwill, with
the chance that the new owner will pay more than the
goodwill is worth
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the characteristics of a business partnership?
A partnership can only be incorporated
Unlimited shareholders can invest into the partnership
Partnerships can have from 2 to 20 partners
All partnership businesses are not liable for costs or debt
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a capital resource?
timber, wealth, fresh water and mineral deposits
Human physical and mental effort, skills or leadership used
Human- made items used in the process of production
all of the above
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is an example of a source of business finance
financial institutions
family or friends
crowd sourcing
All of the above
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Bringing capital resources into the business is not classed as equity.
True
False
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