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Business Quiz

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

Which is Limited Liability?

a)

Owner is legally reponsible for any debts.

b)

Can be sent to prison

c)

Any debts owed the business can only loose the amount they have ivested

2.
Which is a principle in economics?
a)
People need only food and water
b)
People have unlimited needs, limited wants
c)
People have unlimited wants
d)
People have unlimited resources
3.

Where would an internet based company be most likely to locate?

a)

An area of high unemployment

b)

A developed, high income country

c)

An area with access to raw materials

d)

An area within close proximity to customers

4.

What would not affect a businesses decision on location?

a)

Proximity to labour

b)

Proximity to customers

c)

Internet access

d)

Proximity to the government

5.

What would a business like Amazon not consider when looking for a location for their headquarters?

a)

Infrastructure

b)

Clean and modern centre

c)

Proximity to raw materials

d)

Communication links

6.

What factor would be most important to a hairdressing company?

a)

Proximity to customers

b)

Transport

c)

Proximity to raw materials

d)

Size of site

7.
What happens to products that don't meet the standard set?
a)
They are sold at full price
b)
They are discarded
c)
Given away to staff
8.
Who needs to be satisfied with the quality of products?
a)
Rivals
b)
Suppliers
c)
Customers
9.
Which of the following is usually true about poor quality products?
a)
They are in demand
b)
They fail to meet customers expectations
c)
They are expensive
10.

When products are checked throughout the production process this is called

a)

Quality Circles

b)

Quality Assurance

c)

Quality Control