Ch1. What is Business Activity?

What did Tharanga think he might start selling in the future?

• New bicycles

• Motorcycles

• Cars

• Books

What does the subject vocabulary term 'premises' refer to?

• Buildings and land used by a shop or business

• A type of vehicle

• A style of clothing

• A kind of food

Who did Tharanga employ as a shop assistant?

• His younger brother

• His cousin

• His friend

• His neighbor

What was one of the reasons Tharanga wanted to run his own business?

• To be his own boss

• To travel the world

• To become famous

• To write a book

What did Tharanga spend a lot of his spare time doing?

• Restoring old bicycles

• Playing sports

• Reading books

• Traveling

What are 'human resources' in a business?

• The department that deals with employing, training, and helping people

• The physical resources like tools and machinery

• The financial resources like money

• The natural resources like water and oil

What is the primary goal for most people setting up a business?

• To make a profit

• To provide free services

• To employ as many people as possible

• To create a non-profit organization

What are 'consumer goods'?

• Goods sold to ordinary people

• Goods sold to other businesses

• Services provided by the government

• Raw materials used in production

What is the role of marketing in business functions?

• Involves advertising the shop in the local area

• Manages the financial accounts

• Oversees the production process

• Handles employee training

What is the profit made by the Kandy Cycle Shop in 2016?

• LKR 900600

• LKR 100000

• LKR 300000

• LKR 500000