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Business Studies Quiz

Authored by Adrian Darrell

Business

7th - 10th Grade

20 Questions

CCSS covered

Used 1K+ times

Business Studies Quiz
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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What is a sole trader?

A person who is the exclusive owner of a business.

Two people who own a business.

A group of people who own a business

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

An entrepreneur is someone 

Someone who works for a new business
Someone who starts a new business
Someone who takes over an existing business
Someone who does not want to work

Tags

CCSS.L.11-12.4C

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

CCSS.L.9-10.4C

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Start up costs are...

the amount of money spent setting up a business

money spent on a regular basis to keep a business running

Fixed Costs + Variable Costs

costs which change with output

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What is an operating cost?

Something a business pays before the company starts

Something the company receives

Something the company pays for their day to day running

Something the company cant afford

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which industry sector is an advertising agency part of?

The primary sector
The secondary sector
The tertiary sector

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which industry sector are raw materials a part of?

The primary sector
The secondary sector
The tertiary sector

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a car an example of?

A cost
A service
A product

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