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Business 1

Total questions: 10

Worksheet time: 7mins

Name
Class
Date
1.

Complete the definition: A Business in an organisation that provides ___________ and ___________ to customers who want and need them.

a)

Items and Services

b)

Goods and Labour

c)

Good and Services

d)

Items and Labour

2.

Which is the definition that is best suited to 'Goods'?

a)

Activities that other people or businesses do for you

b)

Physical products that are made bought and sold

3.

Which is the definition that is best suited to 'Services'?

a)

Activities that other people or businesses do for you

b)

Physical products that are made bought and sold

4.

Which Keyword matches the following definition: "a financial gain, especially the difference between the amount earned and the amount spent in buying, operating, or producing something."

a)

Expenditure

b)

Revenue

c)

Profit

d)

Wants

5.

Which Keyword matches the following definition: "the specific, measurable results that companies hope to maintain as their organisation grows."

a)

Needs

b)

Objectives

c)

Revenue

d)

Enterprise

6.

Which Keyword matches the following definition: "a business organization wholly or partly owned by the state and controlled through a public authority"

a)

Public sector

b)

Private sector

c)

Public Enterprise

d)

Private Enterprise

7.

Which Keyword matches the following definition: " an industry and business which is owned by individual people or commercial companies, and not by the government or an official organization."

a)

Public sector

b)

Private sector

c)

Public enterpise

d)

Private enterprise

8.

Choose THREE of the following enterprises that operate in the public sector.

a)

NHS

b)

McDonalds

c)

BBC

d)

Network Rail

e)

Sainsbury's

9.

Choose THREE of the following enterprises that operate in the private sector.

a)

Nike

b)

Royal Navy

c)

Highways England

d)

Amazon

e)

Apple

10.

What is an example of a Non-profit organisation?

a)

RSPCA

b)

ebay

c)

B&Q

d)

Royal Mail