Business Studies IGCSE: Understanding Business Activity

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Quiz on Business Studies Section 1

Créé par

Agus Carrillo

Uruguay

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Business Studies IGCSE: Understanding Business Activity


Froggy Jumps Business Studies IGCSE: Understanding Business ActivityVersion en ligne Quiz on Business Studies Section 1 par Agus Carrillo 1 What is the primary aim of most private sector businesses? a To provide employment b To maximize market share c To earn profit 2 What does 'added value' mean in business terms? a The difference between selling price and the cost of inputs b Total revenue before costs c Net profit after tax 3 What is a good? a Tangible asset b Intangible asset c Service 4 Which sector involves extracting natural resources? a Tertiary sector b Primary sector c Secondary sector 5 Who typically assumes the risks and starts a new business? a Employee b Manager c Entrepreneur 6 Which is a common non-financial objective for many businesses? a Increase profits b Customer satisfaction c Lower production costs 7 A business that aims to provide a service rather than a physical product is in which economic sector? a Tertiary sector b Primary sector c Secondary sector 8 What is a stakeholder in a business context? a A shareholder b A customer c Any person or group affected by the business activity 9 Which statement best describes the private sector’s aim? a To be owned by the government b To provide free services c To earn profits from business activities 10 Which of the following best defines a private limited company (Ltd)? a A sole trader with unlimited liability b A government-owned corporation c A business with limited liability and shareholders 11 The second best alternative given up by choosing another item is called: a Opportunity cost b Added value c Division of labour 12 Land, labour, capital and enterprise are a Factors of production b Stages of economic activity c Types of business organisation

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Business Studies IGCSE: Understanding Business Activity

Froggy Jumps

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Créé par

Téléchargez la version pour jouer sur papier

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Business Studies IGCSE: Understanding Business ActivityVersion en ligne

par Agus Carrillo

What is the primary aim of most private sector businesses?

What does 'added value' mean in business terms?

What is a good?

Which sector involves extracting natural resources?

Who typically assumes the risks and starts a new business?

Which is a common non-financial objective for many businesses?

A business that aims to provide a service rather than a physical product is in which economic sector?

What is a stakeholder in a business context?

Which statement best describes the private sector’s aim?

Which of the following best defines a private limited company (Ltd)?

The second best alternative given up by choosing another item is called:

Land, labour, capital and enterprise are