3RD FORM BUSINESS BASICS TEST
Authored by T Hinds
Business
9th Grade
Used 9+ times
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30 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The following are reasons to establish a business EXCEPT:
To be one's own boss
To share profit
To meet consumer's needs
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
All of the following are functions of a business EXCEPT:
To pay taxes
To satisfy the needs and wants of consumers.
To fire workers when the need arise
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A ___________ making organization is a humanitarian organization that provides goods or services for the benefit of mankind.
Money
Non-profit
Profit
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A _______ is formed when a group of persons using their resources to provide goods or services in order to make a profit.
Business
Venture
Profit
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The function of the production department involves:
Sales promotion
Warehousing of finished goods
Recruiting and selecting suitable workers.
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What type of business ownership is depicted in the picture?
Private limited company
Partnership
Sole trader
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
In a partnership more capital is put into the business.
TRUE
FALSE
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