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WorksheetsBusiness class Quiz
Total questions: 10
Worksheet time: 5mins
Which one of the following is NOT a benefit of being a sole trader?
Keep all profits
Own boss
Pursue personal goals
Shared responsibility
Which of the following would have been obtained from internal data?
Articles in parenting magazines
Competitor websites
Government statistics on birth rates
Sales figures showing the shop’s best-selling products
Which of the following is an internal stakeholder of a business that trades as a partnership?
A customer
A shareholder
A supplier
An employee
What is the final stage of the product life cycle?
Decline
Delegation
Distribution
Diversification
Which of these is an example of digital communication?
A face-to-face interview
A letter
A magazine
A website
An organizational chart shows?
The role of employees and where they fit in the business.
What products the business sells.
The details of salaries and wages of all employees in the organization.
How the organization communicates with its customers.
Which ONE of the following best describes the term ‘communication’?
The ability to talk clearly in public.
The ability to make people listen to important information.
Where a receiver has to listen to information.
Two people, a sender, and a receiver transferring information.
A business breaks even at the level of output where?
total profits = total costs
fixed costs = total revenue
variable costs = fixed costs
total revenue = total costs
The product life cycle below shows sales of a product over time. What is Phase 3 called?
Growth
Decline
Maturity
Introduction
What is a market segment?
Information about opinions, judgments, and attitudes
Goods or services sold to foreign buyers
Part of a market that contains a group of buyers with similar buying habits
Raw materials such as coal, oil, copper, iron ore, and wheat
