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My Business is my Business, none of your business

Total questions: 20

Worksheet time: 10mins

Name
Class
Date
1.

what is the other full form of LPG for a commerce student?

a)

Liquified PETROLEUM GAS

b)

Liberalization Privitization and Globalization

2.
An entrepreneur is someone 
a)
Someone who works for a new business
b)
Someone who starts a new business
c)
Someone who takes over an existing business
d)
Someone who does not want to work
3.
Name one of the reasons people become entrepreneurs.
a)
Feeling insecure
b)
They like to be the ONLY one doing everything
c)
They are doing what they enjoy
4.
An entrepreneur can own an online business...
a)
False - entrepreneurs can only create business in person
b)
True - there are companies online as well as in person
5.

Who is this entrepreneur?

a)

Lord Sugar

b)

Richard Branson

c)

Steve Jobs

d)

Kanye West

6.

Who is the richest entrepreneur in the world?

a)

Bill Gates

b)

Jeff Bezos

c)

Warren Buffett

d)

Bernard Arnault

7.
What is the individual who buys a product called?
a)
Customer
b)
Consumer
c)
Supplier
8.
Which business has the slogan "I'm lovin' it"?
a)
Burger King
b)
McDonalds
c)
Subway
d)
KFC
9.

This person will provide money and other help to get your business started.

a)

Retailer

b)

Manufacturer

c)

Investor

d)

None of the others

10.

All of the items a company has and has not sold yet would be ///

a)

Inventory

b)

Leftovers

c)

Trash

d)

None of these words

11.

When a business is in the early stages, it is called a

a)

Old company

b)

Newbie

c)

Start-Up

d)

Franchise

12.

Items that can be seen and touched are known as...

a)

Goods

b)

Services

13.
Which job below is NOT associated with Accounting?
a)
Paying Bills
b)
Collecting Money
c)
Payroll Checks
d)
Pricing Items
14.
A business whose goal is to provide a service rather than to make a profit.
a)
Non-Profit Organization
b)
Multinational Corporation
c)
Corporation
d)
Franchise
15.
The process of recording and reporting the financial data for a business.
a)
Accounting
b)
Management
c)
Marketing
d)
Information Technology
16.
The process of creating, promoting, and presenting a product to the consumers.
a)
Marketing
b)
Information Technology
c)
Operations
d)
Human Resources
17.
The process of developing, installing, and implementing computer information systems and applications.
a)
Information Technology
b)
Operations
c)
Human Resources
d)
Accounting
18.
The activities that deal with the hiring, firing, training and other personnel (employee) issues.
a)
Human Resources
b)
Accounting
c)
Management
d)
Marketing
19.
Which of the following is does NOT provide a good?
a)
Lawyer's Office
b)
CD Store
c)
Rug Cleaning
d)
Lawn Mowing
20.

Which subject in XI makes you go like this?

a)

Accounts

b)

Maths

c)

Business Studies

d)

Economics

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