Business Unit One Quiz

Which of the following are non-durable goods?

• Plastic plates, paper straws

• Computers, cars, laptop

• Mobile phone, ipad

• Metal straws, glass plates

• Metal Cutleries

What is the chain of production?

• The production and supply of goods to the company involving only tertiary sector

• The service from a hospital when you are sick

• The production and supply of goods to the final consumer involving primary, secondary and tertiary sector

• The process of goods being sold and used by customers

What is a method of measuring business size?

• Profits made by firm

• Capital employed

• Value of input

• Value of output

• Number of shareholders

Conglomerate integration brings 2 businesses who are in..........

What is the main reason that McDonalds failed in Vietnam?

• Poor choice of location

• It is too expensive

• Not convenience

• Poor service quality

What are the factors affecting ownerships?

• The quality of service

• The number of integrations a business did

• The amount of shareholders

• The level of control

A limitation of franises is the increasing the chance of business failure

• True

• False

Unincorporated Business owners have...

• limited liability

• infinity liability

• unincorporated liability

• unlimited liability

What is a reason that people choose to become a sole trader?

• Complete control over the business

• To have limited liability

• To compete with larger firms

• To use up their personal wealth

Incorporated business has a separate legal identity from shareholders.

• True

• False