Unit 1 quiz

Which of the following is a non commercial business

• Trocaire

• Google

• Foodcloud

• Dunnes Stores

Who spots a gap or a niche in the market, takes the initiative to set up a business

• Investor

• Intrapreneur

• Entrepreneur

• Interest Group

IBEC stands for

• Irish Business and Employers Confederation

• Irish Business and Employers Commission

• Irish Business and Employees Confederation

• none of the above

What best describes a cooperative relationship

• both parties work together towards a common goal in a mutually beneficial way

• both parties want the same thing but only one of them gets it

• both parties want the same thing and take turns at getting it

• none of the above

A competitive relationship is

• win win

• win lose

• both of the above

• none of the above

A person, group or organisation who affects the business or who can be affected by how the business is run is called

• Investor

• Stakeholder

• Entrepreneur

• Commercial Business

All parties entering into a contract must have the legal ability to do so.

• Consideration

• Capacity

• Legality

• Intent

When the contract terminates because one party broke a condition

• Frustration

• Agreement

• Performance

• Breach

The contract ends because both parties fulfilled their duties

• Agreement

• Frustration

• Breach

• Performance

CCPC stands for

• Competition Commission for Protection of Consumers

• Competition and Consumer Protection Commission

• Consumer and Competition Protection Commission

• none of the above