Business Studies Quiz - Week 1

Business Studies Quiz - Week 1

10th Grade

15 Qs

quiz-placeholder

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Business Studies Quiz - Week 1

Business Studies Quiz - Week 1

Assessment

Quiz

Business

10th Grade

Practice Problem

Medium

Created by

Ian Paul Bergstedt

Used 5+ times

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15 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

What are the two categories of the business environment discussed?

Micro and Macro

Local and Global

Public and Private

Internal and External

2.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

Which factor is NOT part of the micro environment?

Suppliers

Employees

Customers

Political factors

3.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

What is the role of competitors in the micro environment?

To create a competitive advantage

To provide funding

To ensure legal compliance

To manage supply chains

4.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

Which of the following is a macro environmental factor?

Employees

Suppliers

Technological factors

Customers

5.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

What does financial management primarily focus on?

Recruiting employees

Managing budgets and accounting

Ensuring customer satisfaction

Creating marketing strategies

6.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

Which function involves sourcing and buying raw materials?

Customer Service

General Management

Purchasing and Procurement

Production and Operations

7.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

What is the main goal of marketing and sales?

To handle record-keeping

To manage employee performance

To identify customer needs

To ensure legal compliance

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