Business Basic Quiz

A person who set up a business, taking on financial risks in the hope of profit is called

• Partnership

• Manager

• Entrepreneur

• Broker

The following are careers in business except:

• Marketing

• Agronomy

• Accounting

• Auditing

Fixed amount of money paid to an employees at regular intervals

• Strategy

• Salary

• Dividend

• Profit

Something tangible that exists in nature or is made by people.

• Profit

• Capital

• Product

• Service

The amount of earnings remaining after all costs are deducted from the income of a business

• Salary

• Capital

• Wage

• Profit

Shareholder's portion of the profit per share paid by a limited companies

• Product

• Dividend

• Wages

• Capital

The money or property owned or used in business is called

• Wage

• Dividend

• Capital

• Shares

Which of the following is NOT a reason to establish a business?

• To put a creative idea into operation

• To gain financial independence

• To socialize and party with friends

• To make a profit

Which of the following is a function of business?

• Profit making opportunities

• Providing goods and services

• Create employment opportunities

• All of the above

Which of the following is NOT a benefit of entrepreneurs to Jamaica?

• Improve the Gross Domestic Product

• Create employment opportunities

• Support social development programmes

• Undeveloped urban areas