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Exploring Business Failures & Successes

Total questions: 15

Worksheet time: 8mins

Name
Class
Date
1.

Which of the following is a type of business failure

a)

Realisation

b)

Partnership

c)

Voluntary Cessation

d)

Bankruptcy Order

2.

_______ is the process of bringing a business to an end and distributing its assets to claimants

a)

Administration

b)

Realisation

c)

Cessation

d)

Liquidation

3.

Lack of Management Expertise is evident when the business

a)

Spends too much money on marketing

b)

Does not spend enough time in the business

c)

Fails to prepare a business plan

d)

Employs too many workers

4.

Only businesses who sell products can fail

a)

True

b)

False

5.

What do you think caused the bankruptcy of America's largest toy store Toys R Us?

a)

Failure to provide convience

b)

Competitor pricing

c)

Failure to keep up with growing technology

d)

All of the above

6.

Which of these companies was the main hub for movie rentals that went out of business as new technology developed

a)

Blockbuster

b)

Redbox

c)

Netflix

d)

Napster

7.

What is the name of the business that first introduced a smartphone

a)

Blackberry

b)

Android

c)

iPhone

d)

Samsung

8.

Which camera company failed to expand their technology and ultimately suffered the consequences

a)

Polaroid

b)

Nikon

c)

Panasonic

d)

Canon

9.

This company let Steve Jobs have much of the key research that helped launch Apple's success

a)

IBM

b)

Xerox

c)

Microsoft

d)

Dell

10.

Which of the following might be used by a business to help measure customer satisfaction

a)

Online survery

b)

Cash flow forecast statement

c)

Sales forecast

d)

Labour turnover

11.

Which business failed because it failed to respond to the success of the iPhone

a)

Motorola

b)

Blackberry

c)

Ericson

d)

Nokia

12.

Employees might measure the success of a business by looking at

a)

Net profit margin

b)

Dividend growth

c)

Job security

d)

Turnover

13.

This company became the first one to achieve a stock market valuation of $1 million trillion

a)

Amazon

b)

Saudi Aramco

c)

Apple

d)

Alphabet

14.

This company turned down the opportunity to buy Netflix

a)

Blockbuster

b)

Disney

c)

Microsoft

d)

20th Century Fox

15.

Which of the following is a possible cause of business failure owing to ineffective marketing

a)

Over borrowing

b)

Charging a price that is too high

c)

Investing too much in fixed assets

d)

Relocating production to a country where wages are lower