Business- Exam Prep

Business- Exam Prep

7th Grade

10 Qs

quiz-placeholder

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Business- Exam Prep

Business- Exam Prep

Assessment

Quiz

Business

7th Grade

Hard

Created by

Drew Holman

Used 9+ times

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which one of these is not a formal business

Discovery Medical Aid

A Beauty Salon

A fruti vendor

Spar

2.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Identify 3 characteristics of an informal business

Do not pay tax.

Usually comprised of only the business owner, or sometimes family members, or one or two employees.

Keep records of business transactions.

Usually operate from a fixed place such as an office.

3.

FILL IN THE BLANK QUESTION

1 min • 1 pt

South African __________ Services

4.

MULTIPLE CHOICE QUESTION

30 sec • Ungraded

Are informal businesses important for the South African Economy?

Yes

No

5.

OPEN ENDED QUESTION

3 mins • 1 pt

Identify 2 advantages of an informal business.

Evaluate responses using AI:

OFF

6.

OPEN ENDED QUESTION

3 mins • 1 pt

Identify two disadvantages of a formal business

Evaluate responses using AI:

OFF

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

_____________ employ less than five people, often just the owner. Usually informal and operate in the community.

Mini Business

Micro enterprise

Small business

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