AS Business Studies (CIE) UNIT 1

AS Business Studies (CIE) UNIT 1

12th Grade

50 Qs

quiz-placeholder

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AS Business Studies (CIE) UNIT 1

AS Business Studies (CIE) UNIT 1

Assessment

Quiz

Business

12th Grade

Medium

Created by

Emma Jones

Used 311+ times

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50 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How can a business reduce the risk of failure?
By selling less products
By keeping the cost of their products low
By carrying out market research
By staying open late.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an entrepreneur?
Someone who takes a calculated risk through starting a business
Someone who gives up when something goes wrong
Someone who doe not understand the business environment
Someone who does not take time to consider the risks

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is meant by 'adding value'?
The money a company invests into a new product
the difference between the price of the finished product/service and the cost of the inputs involved in making it.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The insurance industry forms part of the..... sector

Primary

Secondary

Tertiary

Informal

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The........ sector includes the production industry/ services that is offered by the business and consumers

quality control

primary

Government

secondary

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are stakeholders?
Anybody who knows the name of the business
Anybody who takes an interest in a business
Anybody who works for the business
Anybody who buys from the business

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

True or False: stakeholders can be internal and external.
True
False

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