AQA Document Comprehension Quiz

AQA Document Comprehension Quiz

10th Grade

87 Qs

quiz-placeholder

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AQA Document Comprehension Quiz

AQA Document Comprehension Quiz

Assessment

Quiz

Business

10th Grade

Hard

Created by

Nicky Bryan

FREE Resource

87 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a reason for starting a business?

To fulfill a business opportunity

To provide a good or service to benefit others

To avoid all forms of work

To supply goods or services

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is considered a factor of production?

Land

Marketing

Advertising

Customer service

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the term used to describe the cost of the next best alternative that is forgone when making a decision?

Opportunity cost

Fixed cost

Variable cost

Total cost

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which sector involves businesses that provide services rather than goods?

Tertiary sector

Primary sector

Secondary sector

Quaternary sector

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a characteristic of an entrepreneur?

Willingness to take a risk

Prefers routine and avoids change

Dislikes innovation

Avoids responsibility

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following best describes the dynamic nature of business?

Businesses must adapt to changes in technology, economic situation, legislation, and environmental expectations.

Businesses always remain the same over time.

Businesses only focus on producing goods.

Businesses never face competition.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A person wants to start a business to be their own boss and have flexible working hours. Which objective of an entrepreneur does this describe?

To be their own boss and have flexible working hours

To avoid all forms of responsibility

To work for someone else

To reduce innovation in the market

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