WorksheetsAssessment test
Total questions: 30
Worksheet time: 25mins
Which is not a disadvantage of franchising for a franchisor
increased revenue
brand awareness
new locations without financial responsibility
none of these
This trade barrier limits the number of products that can be imported into a country.
Tariff
Quota
Embargo
Subsidy
A company wants to increase its market shares by expanding in overseas. It issues shares to raise funds for its overseas expansion.
Sole Proprietorship
Partnership
Corporation
2. Clifford and Lewis Luigi started a law firm together. They split the profits and the expenses.
Sole Proprietorship
Partnership
Corporation
3. Jack opened a gym and fitness centre. He takes all the profits and bares all the risks.
Sole Proprietorship
Partnership
Corporation
co-operative
Susie is starting her own cendol store. What economic term would best describe Susie and what does that term mean?
Consumer – a person who uses or consumes goods
Partnership – partner in the lemonade stand
Entrepreneur- - person who takes a risk to start a new company
Marketing that utilizes Internet and online based technologies is known as ...
Relationship Marketing
Traditional Marketing
Digital Marketing
Cause Marketing
The sale of goods or services directly to the final consumer.
Retail
Clearance
Fire Sale
Partnership
Small store offering limited products, quick service and extended hours in a convenient location
factory outlet store
convenience store
factory outlet
boutique
Large store offering a range of food, beverage and household products
supermarket
multi-channel retailer
showrooming
product mix
What is a business?
Activity that provides goods to consumers and making profit.
Activity that focus on delivering services to consumers and making profit.
Any activity that provides goods or services to consumers for the purpose of making a profit.
Any activity that provides goods and services to consumers without generate profits.
Factors of production are below, EXCEPT
Entreprenurship
Capital
Computer
Labor
Money has what if it doesn't deteriorate when it is being handled?
Scarcity
Divisibility
Durability
Portability
You are opening a savings account that earns compound interest. Which compounding frequency will earn you the MOST money?
Compounding 1 time per year
Compounding quarterly
Compounding monthly
Compouding daily
To take money out of your bank account.
deposit
withdraw
coins
To put money into your bank account
deposit
withdraw
teller
Which one of these is NOT 'Mode of Transport?
Road Transport
Water Transport
Land Transport
Internet
Which one of these is the cheapest means of transport if the goods heavy and bulky?
Railways
Roadways
Airways
Waterways
What is Body Language?
Postures, gestures, and facial expressions.
The exchange of information through the use of words.
Your words say one thing but your body language say another.
Speak from your point of view.
What type of communication is this?
verbal
nonverbal
Price
Informing customers about products and persuading them to buy them
The cost to the buyer of goods or services
Where goods or services are available
Goods or services that are sold
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