Business Regulations and Support Systems Quiz

What are business regulations?

• Guidelines for personal conduct

• Laws or rules prescribed by authority governing business organizations

• Suggestions for improving sales

• Recommendations for employee behavior

Which of the following is NOT a type of taxation mentioned?

• Personal Tax

• Investment Tax

• Company Tax

• Sales Tax

What is the purpose of business support systems?

• To enforce business laws

• To regulate employee salaries

• To provide assistance to entrepreneurs

• To increase competition among businesses

Which act is related to employment policies?

• Safety Act 1985

• Taxation Act 1990

• Business Act 2000

• Employment Act 1955

What type of assistance is NOT included in business support systems?

• Research & Development

• Legal Assistance

• Marketing Assistance

• Financial Assistance

What is the role of government in business regulations?

• To promote unethical practices

• To ensure businesses are conducted ethically

• To provide free services to all businesses

• To eliminate all competition

Which of the following is a component of business regulations?

• Market Research

• Advertising Strategies

• Approval & Licensing

• Customer Feedback

What does the Employer Provident Fund relate to?

• Taxation

• Employment Policies

• Business Licensing

• Market Assistance

Which of the following is a type of financial assistance?

• Market Analysis

• Product Development

• Grants and Loans

• Employee Training

What is the significance of understanding business regulations for entrepreneurs?

• It helps in avoiding taxes

• It ensures compliance and long-term success

• It allows for unethical practices

• It reduces the need for support systems