
Business- Exam Prep
Authored by Drew Holman
Business
7th Grade
Used 9+ times

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10 questions
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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 • Ungraded
Identify 2 advantages of an informal business.
Evaluate responses using AI:
OFF
6.
OPEN ENDED QUESTION
3 mins • Ungraded
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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