Nature of Business

Nature of Business

11th Grade

10 Qs

quiz-placeholder

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Nature of Business

Nature of Business

Assessment

Quiz

Other

11th Grade

Practice Problem

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Created by

Peter Crompton

Used 258+ times

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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A business is:

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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