National 5 Business Management Exam Revision 2022
Authored by Becky Macleod
Business
10th - 12th Grade
Used 25+ times
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48 questions
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1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
A business that has limited liability:
Sole trader
Partnership
Private Limited Company
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
A disadvantage of a partnership business:
Owners get to keep all profits
Limited liability
Workload is shared between partners
Disagreements may arise between partners
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
A business in this sector of the economy is funded through taxpayers money and ran by the government
Public
Private
Third
Tertiary
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
A business in this sector of the economy is funded through donations and is run by a board of trustees
Social enterprise
Third
Private
Public
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
A business in this sector of the economy is financed through owners own savings or bank loans, and has the main aim of making a profit
Public
Primary
Private
Secondary
6.
OPEN ENDED QUESTION
1 min • Ungraded
Describe an impact that an employee may have on a business:
Evaluate responses using AI:
OFF
7.
OPEN ENDED QUESTION
1 min • Ungraded
Describe the interest that the Government has on a business:
Evaluate responses using AI:
OFF
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