Different Types of Business

Which of the following is not a way to classify a business

• By size

• By amount of profit earned annually

• By geographical spread

• By legal structure

The four classifications of a business' size are _____, small, medium, and large (national or transnational)

TNC stands for:

• Total Negligence of Children

• Transnational Corporation

• Trinational Corporation

• Transatlantic National Company

The five industry sectors that businesses can be classified as are the primary sector, secondary sector, ________ sector, and the quarternary and quinary sector.

When classified by their geographical spread, businesses are either local, ________, or global.

Which of the legal structures involve the ownership of only one or a few individuals?

• Sole trader

• Partnership

• Local business

• Micro business

An ______ store is one that does not have a brick-and-mortar store.

Which of the following is not a characteristic of a transnational corporation?

• Outsource labour to low cost countries

• Has headquarters in multiple countries

• Operates in multiple countries

• Has more that 200 employees company-wide

A large scale business is often a ______ company, meaning it is listed on the ASX.

The ASX stands for:

• Australian Superannuation Exchange

• Alpha Sierra X-Ray

• Australian Stock Exchange

• Australian Securities Exchange