
Business Org 6.2 Lectures 7-8
Authored by Nicola Mole
English
2nd Grade
Used 40+ times

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32 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why do businesses exist?
To raise taxes for the government
To provide goods
To provide goods and/or services
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Tangible things include the service a doctor provides, lessons with your teacher and serving in a cafe.
True
False
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The three sectors of the economy are (select one answer):
Personal, business and government
Primary, secondary, tertiary
Private, public and third (or voluntary)
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which isn't part of the private sector? (select one answer)
PLC's
Sole traders and Partnerships
Charities
Franchises
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the main aims of the public sector? (select all that apply)
To provide high-quality products or services to the citizens
To provide essential services such as healthcare and educations
To provide services that aren't entirely profit driven
All of the above
6.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Sole traders are characterised by the following (select all that apply).
All of the profits are kept by the owner
The owner makes all decisions, including about holidays
The sole trader isn't responsible for all debts
The workload is the sole responsibility of the owner
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Shared profits, shared workload, responsibility for all debts and between 2 and 20 owners are features of a:
A franchise
Partnership
A PLC
A public sector organisation
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