
Business Activities Quiz
Authored by Ross Hamilton
Business
11th Grade
Used 2+ times

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25 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What type of business activity involves the extraction of raw materials?
Primary
Secondary
Tertiary
Quaternary
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which sector of operation is a charity likely to fall under?
Private
Public
Third sector
Primary
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a key feature of a private limited company?
Shares traded on stock exchange
Unlimited liability
Limited liability
Sole ownership
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is an advantage of a partnership?
Unlimited liability
Shared decision making
Limited liability
Easier to raise capital
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which legal status allows a business owner to keep all profits but also bear all losses?
Private limited company
Partnership
Sole trader
Public limited company
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the term ‘span of control’ refer to in an organisational structure?
Number of layers in hierarchy
Number of subordinates a manager oversees
Decision-making power
Division of work
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which functional area is primarily responsible for liaising with customers and managing expectations?
Finance
Marketing
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