Search Header Logo

Module 1 HL Review

Authored by Rebekah Glasbrenner

Business

11th - 12th Grade

Used 6+ times

Module 1 HL Review
AI

AI Actions

Add similar questions

Adjust reading levels

Convert to real-world scenario

Translate activity

More...

    Content View

    Student View

50 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The resources used in the production process are collectively known as

Working Capital

Raw Materials

Capital Resources

Resource Inputs

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The _______ sector of the economy is owned by individuals and companies, usually in pursuit of making profit. The _______ sector is controlled by the government and aims primarily to provide a service by acting in the public’s best interest

Private, Public

Public, Private

Primary, Tertiary

Tertiary, Primary

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The process of increasing the value of a resource in the production process is known as

Chain of Production

Production Function

Value Added

Profit

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Disadvantages of sole traders do not include

a constraint of lack of time and specialization

a reliance on the efforts and liability of just one person

the demands of having to be multiskilled

autonomy in decision making

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is not a reason why people may choose to set up their own business?

There are higher risks than working for someone else

There is a lack of employment opportunities

To enjoy autonomy in decision making

To extend personal interests and hobbies

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A drawback of public limited companies is that they

Represent high risks to investors

have limited liability

rely on government funding

have to publish their financial information to stakeholders

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A public sector enterprise is

an organization owned by the state or government

an organization owned by private shareholders only

an organization owned by shareholders who can trade their shares on a stock exchange

any business that carries 'PLC' after its name

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?