Understanding Business Activity 2

Understanding Business Activity 2

10th Grade

10 Qs

quiz-placeholder

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Understanding Business Activity 2

Understanding Business Activity 2

Assessment

Quiz

Business

10th Grade

Practice Problem

Medium

Used 165+ times

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10 questions

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1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is "internal growth"?

It occurs when a business takes over or merges with another business at the same stage of production.

It occurs when a business expand its internal operations.

It is the total value of capital used in a business.

It occurs when a business takes over or merges with another business in a completely different industry.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of these methods are NOT used to compare the size of a business?

Capital employed

Value of output

Workers employed

Added value

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

One business merges with or takes over another business in the same industry but at a different stage of production.

Horizontal integration

Conglomerate

Vertical integration

Scarcity

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of these industries does NOT belong to the tertiary sector?

aircraft

banking

catering

insurance

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Another name for 'Land, Labour, Capital & Enterprise'

The economic problem

Specialisation

Factors of production

Mixed economy

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which of these are NOT included in a business plan?

A description of the market the business is targeting.

Financial information including income statements, sources of capital etc.

Which firms they plan to merge with.

Organisation structure & management.

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

When one business mergers with or takes over a business in a completely different industry.

Internal growth

Horizontal integration

Vertical backwards integration

Conglomerate integration

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