Online Quiz 01 - Grade 11

Mihiri who is a graduate of food technology, maintains a stall that sells local fresh fruits. She purchases the fruits from the farmers in the area that grows fruits using organic fertilizers and sells them to Praneeth's Restuarant and consumers.

1. A want satisfied by Mihiri's fruit stall is,

• 1) Food

• 2) Jam

• 3) Mango

• 4) Health

Mihiri's business of fruits mentioned in the above case is a,

• 1) Goods Manufacturing Business

• 2) Service Providing Business

• 3) Not for profit business

• 4) Partnership

A strength of Mihiri's Business of fruits is,

• 1) Mihiri is a graduated of food technology

• 2) Mihiri has a target market

• 3) There is a restaurant in that area

• 4) There are farmers growing foods using organic fertilizers

Select the correct statememt in relation to the above case.

• 1) Farmers of fruits are not stake holders of Mihiri's Business

• 2) Consumers are stakeholders of Mihiri's Business

• 3) Mihiri's fruit stall has a legal personality

• 4) Praneeth is a partner of Mihiri's Business

Select the answer which has correctly classified business organizations according to ownership

• 1) Private sector businesses, Small and Medium Scale businesses

• 2) Private Sector Businesses and Public Sector Businesses

• 3) Public Sector Businesses and Large Scale Businesses

• 4) For Profit Businesses and Private Sector Businesses

Buddhika is hoping to start a business of trading building materials and do the management activities himself. The most suitable type of business organization for this is,

• 1) Sole Proprietorship

• 2) Partnership

• 3) Society

• 4) Incorporated Companies

An investor expecting to do transactions using cheques should open a,

• 1) A Savings account in People's Bank

• 2) Current Account in National Savings Bank

• 3) Current Account in Bank of Ceylon

• 4) Savings account in National Savings Bank

Select the answer which gives in order the communication medium and the communication method used by Kamal to inform the accident mentioned above case to National Insurance company.

• 1) Verbal / Electronic, Mobile phone

• 2) Mobile phone, Verbal / electronic

• 3) Mobile phone, electronic / written

• 4) Telephone conversation, electronic / written

The retail business out of the following business is,

• 1) Sales of flowers to devote near temple

• 2) Sale of tickets by lotteries board to agents

• 3) Sale of bakery products by a bakery owner to the school canteen

• 4) Sale of vegetables by the farmers in Nuwara Eliya to economic centers

Management functions and activities related to each function are given below in column X and Y respectively.

Select the answer which gives the correct combination of Management functions in column X and activities in column Y is,

• 1) B, A, D, C

• 2) B, C, A, D

• 3) B, D, A, C

• 4) B, D, C, A