11TH COMMERCE FORMATIVE TEST 1

11TH COMMERCE FORMATIVE TEST 1

11th Grade - University

20 Qs

quiz-placeholder

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11TH COMMERCE FORMATIVE TEST 1

11TH COMMERCE FORMATIVE TEST 1

Assessment

Quiz

Business

11th Grade - University

Medium

Created by

Anamika Ranjit

Used 26+ times

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

People who are part owners of a company are known as...

Stakeholders

Shareholders

Customers

People

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Someone who starts, operates and assumes the risk of a business is known as an...

Investor

Interest person

Entrepreneur

Business inventor

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A business that is owned and operated by a single person is known as a...

Partnership

Sole trader

Private company

Public company

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An entrepreneur is someone who:
is an employee of a business enterprise
takes the risk of starting and managing a business venture
works for the government to provide public services
just provides capital to a business start-up.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Economic Activities =

Business + Profession

Business + Employment

Business + Employment

Business + Profession + Employment

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Name the two broad categories of business activities.
 Trade and commerce 
 trade and industry 
industry and commerce
none of these

7.

FILL IN THE BLANK QUESTION

30 sec • 1 pt

__ is a sector that involves firms that supply a service to consumers and other businesses.

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