Meera and Mouza love to take pictures on holiday. They want to start a business that prints holiday pictures. They both invest some capital into the business. What is the business structure?

• sole trader

• partnership

• franchise

• joint venture

Maha has a Hello Kitty store in Ajman where she sells stickers and other Hello Kitty products. She owns the business alone. What business structure is this?

• sole trader

• partnership

• franchise

• joint venture

Google and Nasa joined their businesses together because they both has similar ideas. What business structure is this?

• sole trader

• partnership

• franchise

• joint venture

McDonalds allows individuals (people) to use their business logo, products and brand for if they pay some amount of money. What business structure is this an example of?

• sole trader

• partnership

• franchise

• joint venture

Answer explanation

A public sector business is owned by ___________.

• franchise

• customers

• individuals

• the government

A private sector business is owned by __________.

• local community

• lenders

• individuals

• managers

Afra and Maryam invested money and bought machines for their business. Which factor of production is this an example of?

• land

• labour

• capital

• enterprise

Which sector has resources like cocoa beans from the farm and delivers to the factory?

• primary sector

• secondary sector

• tertiary sector

• All of them

What is the meaning of 'achievable' in SMART objectives?

• The objective should be difficult.

• The objective should be many.

• The objective should be a dream.

• The objective should be possible.

What is 'M' in SMART objective?

• maintainable

• measurable

• matchable

• marble