Grade 10 EM - 1st Term Test

The Most Appropriate Definition for Business.

• Trade and Other Services.

• The Rapid Growth of Business.

• Business Integrated with Information Technology.

• Any Economic Activity Which Satisfies Human Needs and Wants.

If A Business Finds Difficulties in A Adopting to New Technologies It Is A

• Strength.

• Weakness.

• Opportunity.

• Threats.

The Main Reason That Made the World as A Universal Village Is,

• Rapid Growth of Human Needs and Want.

• Increasing Population.

• The Growth of Online Trading.

• Rapid Development in Information and Communication Technology.

Select The Group Which Contains Only the Internal Environmental Factors

(I) Owners/Customers/ Employees

(II) Owners/Competitors/Employees

(III) Owners/Managers/Employees

(IV) Employees/Suppliers/ Customers

• I

• II

• III

• IV

At Present Consumers Buy Products in Foreign Markets Through On Line the Environment Factor That Contributes to This Situation Is,

• Economic Environment.

• Political Environment

• Technological Environment.

• Global Environment.

While the … of the business are interested in the safety of the investment, the … are interested in obtaining a reasonable salary

• Competitors, Employees

• Owners, Suppliers

• Employees, Customers

• Owners, Employees

According to The Nature of the Product Produced Organizations Could Be Categorized As (1) ------- And (2) -------- Select The Most Suitable Answer for (1) And (2)

(I) Profitable Businesses and Non-Profitable Businesses

(II) Profit Oriented Businesses and Non for Profit Businesses

(III) Private Sector Businesses and Service Providing Businesses

(IV) Commodity Production and Service Providing Businesses

• I

• II

• III

• IV

Mr. Sarangan who lived in Jaffna cultivates the fruits and produces fruit drinks. He conducts fruit drinks selling business nearest New Bus Stand he can earn more profit and increase his sales due to the drought. Therefore, he expects to convert his business to the incorporated company. The leading leasing company comes forward to issue new machinery at a low rate of interest. The low rate of interest is included in the

• Economic Environment

• Technological Environment

• Legal Environment

• Global Environment

Using Following Case Answer Question

Mr. Jayasinghe Commenced a Rice Selling Business, Which He Buys Paddy from His Area and Converts Them into Rice. One of His Friend Mr. Kulasinghe Has Been Recruited as an Employee of This Business and The Business Named as "Singhe Mills".

Select the type of business organization which 'Singhe Mills' relates to?

• Sole Proprietorship

• Partnerships

• Incorporated Companies

• Cooperative Societies

The Answer Which Includes a Threat and Weakness Respectively That Can Be Identified by Studying Business Environment.

• Tax Increased, Dedicated Workers.

• Financial Crisis, New Competitors.

• Untrained Workers, New Competitors.

• New Competitors, Untrained Workers.