Types of Business - Nature of Business

Types of Business - Nature of Business

11th Grade

25 Qs

quiz-placeholder

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Types of Business - Nature of Business

Types of Business - Nature of Business

Assessment

Quiz

Business

11th Grade

Medium

Created by

Clare Devlin

Used 23+ times

FREE Resource

25 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How can a business be classified by size?

By the color of its logo

By the type of products sold

By the number of employees

By the CEO's age

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a characteristic of a small business?

Operates globally

Less than 20 employees

More than 200 employees

Has unlimited shareholders

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What defines a micro business?

More than 50 employees

Operates in multiple countries

Less than 5 employees

Has a large market share

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a characteristic of a global business?

Operates across the world

Operates in a single town

Has less than 10 employees

Sells only locally made products

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What sector does farming belong to?

Primary industry

Tertiary sector

Quinary sector

Secondary industry

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main focus of the quaternary sector?

Manufacturing

Hospitality

Natural resources

Information transfer

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does it mean when a business is 'Incorporated'?

It cannot sell shares

It has unlimited liability

It is owned by a single person

It is a separate legal entity from the owners

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