Enterprise

Enterprise

11th Grade

25 Qs

quiz-placeholder

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Enterprise

Enterprise

Assessment

Quiz

Business

11th Grade

Medium

Created by

Maya Kharishma

Used 39+ times

FREE Resource

25 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which one of the following best explains business activity?

Using resources to make goods and services that workers need

Using factors of production to supply resources for customers

Using resources to make products that meet customers needs

Making factors of production to satisfy customer requirements

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a factor of production?

Labor

Customer

Capital

Land

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A business could 'add value' by :

making higher profits

employing more workers

using more expensive materials and keeping the selling price low

using materials more efficiently

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which one of the following is a common problem faced by most entrepreneurs?

Too many different sources of finance to choose from

A large number of costumer to serve from the day the business is set up

Premises that are too near the city center

Inadequate finance to buy capital equipment

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a common problem faced by most entrepreneurs?

Committed

Unskilled

Shy

Cautious

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In which ONE of the following business activities would you MOST expect a NEW entrepreneur to be successful in today's business world?

Aircraft manufacturing

Banking

Taxi services

Oil exploration

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When transformation of inputs to outputs takes places to produce goods and services is called.....

opportunity cost

added value

creating value

daily cost

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