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Business Basics Quiz

Authored by TC Gaming

Business

9th - 12th Grade

Used 2+ times

Business Basics Quiz
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10 questions

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1.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Which of the following are reasons to own a business?

Income potential

sole trader

to satisfy a demand

to create employment

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which business ownership requires the owner to make all the decisions by themself?

company

limited liability

partnership

sole trader

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a disadvantage of a company?

Low income

complicated to start

unlimited liability

bears all the risks of the business

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Production is the process of making or manufacturing items from raw materials.

True

False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the productive resources made by human efforts such as machinery and buildings?

natural resource

labour

capital

renewable resources

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the process by which we create and transfer ideas or opinions.

feedback

business

brainstorming

communication

7.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Who is the person that creates the message called or referred to as?

sender

encoding

receiver

channel

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