Search Header Logo

Business studies section 1

Authored by Linda Adams

Social Studies

11th Grade

Used 13+ times

Business studies section 1
AI

AI Actions

Add similar questions

Adjust reading levels

Convert to real-world scenario

Translate activity

More...

    Content View

    Student View

30 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A business is:

An organisation that always makes a profit

Producing only the goods and services society wants

Producing goods and services and adding value to these

Employing up to 20 people on a full time basis

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Spanline Pty Ltd is a well-known home extension company. From its name we know it is

A sole trader

A public company

An SME

A private company

3.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Which of the following statements is true?

All businesses exist to make profit

Businesses are a major source of innovation

All government businesses exist to make profit

Businesses exist to compete with each other

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

A busy café is an example of what type of industry

Primary

Quaternary

Quinary

Manufacturing

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The roles of business are:

To provide employment, create wealth and produce goods and services

To provide employment, create wealth and manage the economy

To provide employment, reduce inflation and manage the economy

To provide recreation facilities, create wealth and produce goods and services

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Marspi Building Services is a private company that has not been able to meet its financial obligations. The NSW Supreme Court has decided to appoint an independent party to sell the assets of the business. What is the business now considered to be in?

receivership

liquidation

bankruptcy

cessation

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Jim’s Lawnmowing franchise specialises in home garden maintenance.

This business belongs to which industry sector?

Secondary

Tertiary

Quaternary

Quinary

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?