Grade 10 EM - 1st Term Test

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

• Strength.

• Weakness.

• Opportunity.

• Threats.

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 PLC".

Select the type of business organization which 'Singhe PLC' 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.

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. Sarangan business is incorporated as a incorporated company under the law of

• Shop and Office Employee Act No.14 Of 1954

• Business Name Ordinance Act No 6 Of 1918

• Company Act No 07 Of 2007

• Consumer Affairs Authority Act No. 09 Of 2003

Select The Correct Answer by Referring the Following Statements

A- The Geographical Location of the business is unfavorable

B- Difficulty in Adoption to New Technology

C- Imposition of International Trade Embargoes

Which One of the Above Can Be Considered as A Weakness of a Business?

• Only A

• Only B

• Only A and B

• Only A and C

Select The Most Suitable Statement Which Describes the Business Environment Correctly

(I) The Internal and The External Environment of the Business

(Ii) The Environment Which Directly Influences the Business

(Iii) The Environment Which Indirectly Influences the Business

(Iv) The Environment in Which the Factors Affecting Businesses Are Activated

• I

• II

• III

• IV

What Is the Basis of Exchanging Goods and Services?

• Direct Production

• Indirect Production

• Surplus Production

• Barter System.