WorksheetsFORM 1 BUSINESS REVISION
Total questions: 22
Worksheet time: 16mins
select three reasons why people start business
to make a profit
to provide goods and services
to keep one self occupied or busy
for the spirit of adventure
Which of the following is false?
One reason for the failure of small businesses is the lack of managerial experience
One reason for the failure of small businesses is that most entrepreneurs are younger than 25 years old
One reason for the failure of small businesses is negligence
One reason for the failure of small businesses is weak control systems
Which of the following is not a secondary level of production?
Construction industry
Manufacturing industry
Extraction industry
Processing industry
identify 3 occupations which fall under extraction in pimary level of production.
fishing
lumbering
teaching
mining
Secondary industries are further divided into:
Construction
Manufacturing
Service
All of the above
What is the name given to the standards of moral behavior?
Legality
Loyalty
Integrity
Ethics
Business studies as a subject is composed of topics drawn from various disciplines such as
Commerce
Accounting
Production
Economics
Office practise
The surrounding conditions in which the business operates are called....
Business Environments
Business Conditions
Business contacts
Environments
Influences that come from within the business are in the
macro environment
operating environment
external environment
internal environment
Political and legal influences, societal influences, economic conditions, technological issues, CSR and global issues are all part of which environment?
internal
macro
exterial
micro
Employees, managers, location and legal business structure are all part of which environment?
External
internet
micro
macro
Government laws can effect business.
True
False
Rearing goats is which level of production.
primary level
tertiary level
secondary level
quaternary level
Entrepreneurs look for business ideas and new and better ways to solve problems.
false
true
The term “office” means a place where.
Government documents are kept
Customer’s decisions are made
Arranged documents are stored
Co-ordination and clerical work are done
.
Processing of information received in an office means.
Sorting, analysing, and summarising the information
Sending the information to the receptionist
Filing the information
Destroying the information
Business is established for the purpose of providing services to
Commandant
Customers
Commoners
Commodity
Intangible goods are goods that…
Cannot be physically seen or touched
Cannot be incorporated
Cannot be transported
Cannot be incorporated
It is a good or service which people would like, but is not essential for living.
Need
Business Activity
Want
Business
the resources needed to produce goods and services
Economic problem
Production
Factors of Production
Opportunity Cost
Identify the Factors of Production.
Land, Labor, Capital, Enterprise
Land, Enterprise, Cash, Building
Cash, Land, Labor, Enterprise
Labor, Cash, Enterprise, Capital
which country's flag is this?
congo
nigeria
south sudan
egypt
