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Business

Total questions: 9

Worksheet time: 4mins

Name
Class
Date
1.

A creative ________, he was continually dreaming up new projects.

a)

trader

b)

merchant

c)

entreprenuer

d)

seller

2.

Which of thes options best describes opportunity cost?

a)

The price of taking a chance

b)

The alternative you have to go without in a choice of two things

c)

The cost of opportunity

d)

The price you pay when you make a choice

3.

Which of these are external factors that influence financial decisions?

a)

Price

b)

Personal

c)

Cultural

d)

Marketing

e)

Finance

4.
___________ is a tax that a government places on certain imported products
a)
Tariff
b)
Embargo 
c)
Quota
d)
Deal
5.
Stopping the export and import of a product is known as?
a)
Tariff
b)
Embargo
c)
Quota
d)
Deal
6.

What are the owners of private and public limited companies called?

a)

Stakeholders

b)

Managers

c)

Board of directors

d)

Shareholders

7.

What is a business plan?

a)

Written document that only outlines the business practices of the new business.

b)

Written document that describes the financial aspects of the business.

c)

Written document that only describes the ownership of the business.

d)

Written document that describes all the steps necessary for opening and operating a successful business.

8.

There are ___ required parts of the business letter.

a)

3

b)

6

c)

7

d)

5

9.

Who is this ?

a)

Laxmi Mittal

b)

Narendra Modi

c)

JRD Tata