Introduction to Business

Introduction to Business

University

15 Qs

quiz-placeholder

Similar activities

Chapter 23 Financial Planning for Organisations Quiz

Chapter 23 Financial Planning for Organisations Quiz

12th Grade - University

20 Qs

size and organisation

size and organisation

12th Grade - University

19 Qs

PERFECT COMPETITION AND MONOPOLY

PERFECT COMPETITION AND MONOPOLY

University

20 Qs

Topic 5.1 Quiz

Topic 5.1 Quiz

University

20 Qs

businesss

businesss

1st Grade - Professional Development

18 Qs

Barter, Money and Instruments of Exchange Intro Quiz

Barter, Money and Instruments of Exchange Intro Quiz

6th Grade - University

10 Qs

Business

Business

1st Grade - Professional Development

18 Qs

Busi

Busi

1st Grade - Professional Development

18 Qs

Introduction to Business

Introduction to Business

Assessment

Quiz

Business

University

Hard

Created by

Ahmed Wisam

Used 17+ times

FREE Resource

15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Which of the following statements best describes a business?

An entity that donates money to a charitable organisation.

An organisation that strives to make a profit by selling goods/services.

An organisation that works to enhance social welfare.

An institution that may or may not strive to maximize profit.

2.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Which of the following is NOT a component of management?

Organizing

Directing

Controlling

Experiencing

3.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Which of the following is a characteristic of a product?

Separable

Intangible

Offered by an organisation

Inseparable

4.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Which of the following is not a characteristic of a service?

Non perishable

Intangible

Manufactured by an organisation

Inseparable

5.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Which of the following formulas is correct?

Revenue = cost + profit

Cost = profit + revenue

Profit = revenue - cost

Profit = revenue - liabilities

6.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

A ______________ organisation is an organisation that exists to achieve a goal other than the usual business goal of making a profit

social

government

business

not-for-profit

7.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Which of the following is a factor of production?

Enterprise

Land

Capital

All of the above

Create a free account and access millions of resources

Create resources
Host any resource
Get auto-graded reports
or continue with
Microsoft
Apple
Others
By signing up, you agree to our Terms of Service & Privacy Policy
Already have an account?