Business Studies Quiz

Business Studies Quiz

10th Grade

15 Qs

quiz-placeholder

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Business Studies Quiz

Business Studies Quiz

Assessment

Quiz

Business

10th Grade

Practice Problem

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Created by

T Alibari

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15 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a common reason for businesses to change their legal status?

To reduce employee count

To raise more capital

To decrease market share

To avoid taxes

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of business often has unlimited liability?

Corporations

Public limited companies

Private limited companies

Sole traders

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of business activity do sole traders typically engage in?

Professional services

Providing services like plumbing

Manufacturing

Retail chains

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a characteristic of public limited companies?

They are always sole traders

They have fewer employees

They are often smaller in size

They can raise capital by selling shares to the public

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What do medium-sized private limited companies often fear?

Losing control

Gaining too much profit

Expanding too quickly

Being too public

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an example of a multinational company?

A small accounting firm

A family-owned restaurant

McDonald's

A local bakery

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a potential influence on a business's legal status?

The location of the business

Profit use plans like dividends

The number of employees

The owner's age

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