WorksheetsQuiz on Business
Total questions: 5
Worksheet time: 85secs
Name
Class
Date
1.
What is business?
a)
Enterprising entity engaged in commercial activities
b)
enterprising entity engaged in industrial activities
c)
enterprising entity engaged in professional activities
d)
All of the above
2.
Draw service triangle
3.
Which of the following is most likely to be a benefit of business growth?
a)
Increased costs
b)
Increased sales
c)
Increased competition
d)
Increased chance of failure
4.
Which type of legal structure is used when two or more people join together to start a business and have unlimited liability?
a)
Sole trader
b)
Partnership
c)
LTD
d)
PLC
5.
Which of the following is a drawback for an entrepreneur setting up a business as a sole trader?
a)
Profit is shared
b)
Financial accounts are kept private
c)
Limited liability
d)
Unlimited liability
100 %
