Have an account?
Skip to Content
Build your own quiz
20 questions
Show Answers
See Preview
- 1. Multiple Choice
A creative ________, he was continually dreaming up new projects.
trader
merchant
entreprenuer
seller
- 2. Multiple ChoiceA target market is a group of _______ that the _______ has decided to aim its marketing efforts and ultimately its merchandise towards.Companies, BusinessCompanies, ResearchCustomer, BusinessBusiness, Customer
- 3. Multiple Choicea business planis useful once your business is operational but not much help during the startup phaseis not usually needed to secure financing in your businesscan serve as a tool for managing your business once it is up and runningAll of the above
- 4. Multiple Choice
Which of the following best describes the term limited liability? If the business fails:
Personal possessions of the owner can be taken to pay any debts
The owner is personally liable for all the debts of the business
There is no limit on the amount the owner has to pay to settle debts
The owner only loses the amount invested in the business
- 5. Multiple Choice
Which type of legal structure is used when two or more people join together to start a business and have unlimited liability?
Sole trader
Partnership
LTD
PLC
- 6. Multiple Choice
Which of thes options best describes opportunity cost?
The price of taking a chance
The alternative you have to go without in a choice of two things
The cost of opportunity
The price you pay when you make a choice
- 7. Multiple Choice
Which of these are external factors that influence financial decisions?
Price
Personal
Cultural
Marketing
Finance
- 8. Multiple ChoiceAll true communication must have the following:A sender and a receiverA speaker and a listenerA hearer and a listenerA speaker and an interpreter
- 9. Multiple ChoiceYou should not look the other person in the eyes because it can mean you are mad at them.TrueFalse
- 10. Multiple ChoiceAn example of active listening is:Listening close and taking good notesSkimming the outline carefullyMoving around while others speakFocusing on main ideas being communicated and responding with full attention
- 11. Multiple ChoiceOnly liable for up to the amount invested into the company, and has little to no voice in management.General PartnerProprietorLimited PartnerCorporation
- 12. Multiple ChoiceWhat is the most common form of business ownership?CorporationCompanySole ProprietorshipLLC
- 13. Multiple ChoiceWhat is a form of business ownership in which 2 or more people jointly owns a businessSole ProprietorshipCompanyPartnerships
- 14. Multiple ChoiceSomeone who creates their own business is called a(n)...EntrepreneurBillionaireInvestorStock Holder
- 15. Multiple ChoiceWhich industrialist is best known for his work in the steel industry?Charles LindbergAndrew CarnegieJohn Rockefeller
- 16. Multiple Choicea highly populated city arearuralurbansuburbanagricultural
- 17. Multiple ChoiceWhat is the first stage of business activity?PrimarySecondaryTertiary
- 18. Multiple ChoiceWhat is the second stage of business activity?PrimarySecondaryTertiary
- 19. Multiple ChoiceWhat is the third stage of business activity?PrimarySecondaryTertiary
- 20. Multiple ChoiceWhich of the following is an example of PRIMARY business activity?FactoriesShopsSchoolsFarmers
- Answer choicesTagsAnswer choicesTags