Business in the Real World Knowledge Test

Business in the Real World Knowledge Test

9th - 12th Grade

50 Qs

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Business in the Real World Knowledge Test

Business in the Real World Knowledge Test

Assessment

Quiz

Business

9th - 12th Grade

Practice Problem

Hard

Created by

Mr Mitchell

Used 17+ times

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50 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is being described?
"A new business that has recently started operating".

Entrepreneur

Start-up

Sole Trader

Limited Company

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of organisation sells shares on the stock exchange?

MNC

LTD

NPO

PLC

3.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

Businesses exist to satisfy our ...

Demands

Goods

Wants

Needs

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an 'intangible product'

Netflix subscription

Restaurant dinner

Mobile phone

Wiper blades

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is being described:

"A person, or another business, that will use a product."

Customer

Consumer

Contractor

Client

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is being described?

"A business that is owned by a single person".

Organisation

Private Limited Company

Entrepreneur

Sole trader

7.

FILL IN THE BLANK QUESTION

30 sec • 1 pt

What is being described?

"A business that is owner by 2 - 20 people".

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