A business is:
Nature of Business

Quiz
•
Other
•
11th Grade
•
Medium
Peter Crompton
Used 258+ times
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10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
any activity undertaken by people
only motivated by maximising profit
the organised effort of individuals to produce and sell, for a profit, goods and services
none of the above
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The person who risks his or her time, energy and money to start a business is called:
an employer
an entrepreneur
an innovator
a financier
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An example of a secondary industry is:
Plastics Manufacturing Ltd
Zenon Mining
Canberra Legal Centre
Heritage Motel
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The most common type of business entity in Australia is a:
partnership
cooperative
public company
sole trader
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
National Foods Limited would most likely be a:
public company
private company
government business enterprise
partnership
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Complacency amongst management normally occurs in the:
establishment phase
maturity phase
post maturity phase
growth phase
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A business's operating environment refers to:
the nature of the workplace environment that businesses provide for their employees
the specific external stakeholders with whom the business conducts its business
those factors over which the business has some degree of control
none of the above
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