F4 Business revision

Which of the following is NOT a common business objective ?

• Survival

• Employee retrenchment

• Maximise profit

• Brand recognition

Which of the following is NOT a way of measuring business size ?

• Profit

• Number of employees

• Value of assets

• Market share

Which of the following is a benefit of specialisation ?

• Work becomes boring

• Workers develop advanced skill

• Production is affected by absent workers

• Workers tend to lack motivation

Maslow's Hierarchy of Needs has how many levels ?

• 1

• 4

• 6

• 5

Which of the following is NOT a characteristic of an entrepreneur ?

• Risk taking

• Resilient

• Resourceful

• Pessimistic

Which of the following is a Primary Sector activity ?

• Farming

• Cooking

• Sewing

• Retailing

Which of the following is NOT an advantage of a sole trader ?

• Profit is not shared

• Can determine their own working hours

• Financial independence

• Lack of continuity

How many shareholders are allowed in a private limited company ?

• 2

• 1-50

• 2-10

• 2-20

What type of business has unlimited liability ?

• Public Limited Company

• Franchise

• Sole trader

• Private Limited Company

What type of business ends in PLC ?

• Public Limited Companies

• Partnership

• Private limited companies

• Sole trader