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Y9 Fun Business Quiz

Total questions: 13

Worksheet time: 7mins

Name
Class
Date
1.

Which of these is not one of the four factors of production?

a)

Capital

b)

Land

c)

Labour

d)

Equipment

2.

Levi Roots set up a business based on Reggae Reggae Sauce, he is an excellent example of a business

a)

Guru

b)

Entrepreneur

c)

Accountant

d)

Employee

3.

What is a sole trader?

a)

A person who is the exclusive owner of a business.

b)

Two people who own a business.

c)

A group of people who own a business

4.
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
5.
Which industry sector is an advertising agency part of?
a)
The primary sector
b)
The secondary sector
c)
The tertiary sector
6.
Which industry sector are raw materials a part of?
a)
The primary sector
b)
The secondary sector
c)
The tertiary sector
7.
Which of these is a method of product differentiation?
a)
Having a unique selling point
b)
Selling a product in multiple territories
c)
Introducing a product at a low price
8.

What age was Bill Gates when he first became a billionaire?

a)

31

b)

35

c)

39

9.

What was Lamborghini first known for?

a)

Go Karts

b)

Tractors

c)

Bulldozers

10.

Who was the founder and chairman of Amazon.com?

a)

Elon Musk

b)

Jeff Bezos

c)

Warren Buffet

11.

What did the first vending machine dispense?

a)

Pens

b)

Panadol

c)

Holy Water

12.

What is a supplier?

a)

A business which sells (or supplies) products to another business.

b)

Any person or organisation which buys or is supplied with a product or by a business.

c)

The person who ultimately uses (or consumes) a product.

d)

The wants and desires of buyers of a product or the customers of a business.

13.

What is a customer?

a)

Those who provide data for a survey usually by answering questions in a questionnaire or interview.

b)

A business which sells (or supplies) products to another business.

c)

A group of similar products made by a business like a number of different soap products.

d)

Any person or organisation which buys or is supplied with a product or by a business.