NEW
Font size
WorksheetsAS Level Business
Total questions: 20
Worksheet time: 10mins
Business activity is classified into four sectors. What are they?
Primary, Secondary, Tertiary and Charity
Primary, Secondary, Charity and Corporate
Primary, Secondary, Tertiary and Quaternary
Primary, Corporate and Tertiary
Which of the following businesses would be classified as part of the Tertiary sector?
Insurance
Manufacturing
Mining
All of the above
An individual who has the idea for a new business, starts it up and carries most of the risk is known as?
Customer
Investor
Entrepreneur
Enterprise
The sectors (primary, secondary and tertiary) are interdependent. What does this mean?
They are not connected
Only small businesses can operate in all three sectors
They rely on each other
Only large businesses can operate in all three sectors
Which if the following resources are needed by businesses?
Capital
Labour
Land
All of them
The physical goods used by industry to aid the production of goods and services is known as?
Consumer goods
Capital goods
Raw materials
None of the options
Why do some businesses succeed?
Poor customer service
Inefficient management
They are unable to adapt to new situations
They have sufficient sources of finance
Why do some businesses fail?
Poor record-keeping
Cash surplus
Advanced management skills
None of the options
What do you call a business organisation that has its headquarters in one country, but with factories in other countries?
Sole trader
Multinational company
Partnership
Private Limited Company
What is an example of a public corporation?
Tencent
BYD
Shenzhen Metro
Alibaba
What is an emerging economy?
A country with no opportunity for economic growth
A country becoming a developed nation driven by high economic growth
A business expanding overseas
The start-up of a new company
What is the term describing the growing integration of the world's economies?
Peace deal
Trade deal
Globalisation
None of the above
Starbucks, Apple, Microsoft, Tesla, Sinopec and Tencent are types of which company?
Public Limited Company
Sole trader
Private Limited Company
All of the above
Computing and Web design are types of businesses in which sector?
Quaternary
Secondary
Primary
Tertiary
What is the term given when there is an offer to the public to buy shares in a public limited company?
GPO
ELO
IPO
PLC
Which of the following is a benefit of intrapreneurship to existing businesses?
Injecting creativity
Developing new ways of doing business
Creating a competitive advantage
All of the above
Which of the following is a barrier to entrepreneurship?
Lack of business opportunity
Cost of good location
Competition
All of the above
What is a commodity?
Specialist services such as accountancy, legal and insurance
Products that are bought and sold like oil, gold and iron
A legal document
Skilled labour
What do you call a situation in which you treat someone unfairly by asking them to do things for you, but give them little in return?
Corrupt
Exploitation
Partnership
Solidarity
When investors buy shares, what are they expecting in return?
Discounts on company products
Decrease in share price
Dividends
Increase in share price and dividends
