March 15th Monthly quiz

Making as much money as possible.

• Business

• Social enterprise

• Profit maximisation

• Profit satisfying

• incorporated

Which of the following is a non-financial business objective?

• Increase market share

• Independence and control

• Profit maximisation

• survival

Which of the following is a financial business objective?

• Improve customer service

• Independence and control

• Sales growth

• Improve social responsibility

Business owned by a single person.

• unincorporated

• Sole trader

• Partnership

• Corporation

• Social enterprise

Which of the following is an advantage of a sole trader?

• Limited liability

• More capital can be raised than a partnership

• Unlimited liability

• Independence for owners

Having a clear social and/or environmental mission is a feature of which business structure?

• Franchise

• Sole trader

• Social enterprise

• Partnership

Taking a risk in business is a key role of which of the following?

• Accountant

• Entrepreneur

• Company director

• Marketing manager

Public limited Company

• Ltd.

• Plc.

• LLC.

• Corp.

Benefit lost from the next best choice.

• Multinational company

• Stock market

• Equilibrium price

• Sales maximization

• Opportunity cost

What is an appropriate form of business for a self-employed taxi driver?

• Multinational

• Public limited company

• Sole trader

• Cooperative