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National 5 Business Management - Understanding Business

Authored by Laura MacDonald

Business

1st - 12th Grade

11 Questions

Used 347+ times

National 5 Business Management - Understanding Business
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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Oxfam is a charity that operates in the Third Sector. Identify 2 other Sectors of Economy.

Primary and Secondary

Primary and Tertiary

Private and Public

Private and Third

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Give a description of the Private Sector.

Owned by the government on behalf of the taxpayer.

Owned by private individuals who aim to make a profit.

Owned and regulated by the government and aim to raise funds and awareness

Owned by a sole trader

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Enterprise is a Factor of Production. Identify the other Factors of Production.

Land, Labour and Country

Primary, Secondary and Tertiary

Private, Public and Third

Land, Labour and Capital

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Identify an example of an Entrepreneur.

Media Image
Media Image
Media Image
Media Image

5.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

Outline ways a business can measure customer satisfaction.

Customer surveys

Provide high quality products

Train staff well

Online reviews

6.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

Identify the aims of a charity.

To make profit

To satisfy customers

To raise funds and awareness

To survive

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This external factor looks at the trends and beliefs of the customer.

Political

Social

Economic

Competition

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