Unit 1 LO.A

Unit 1 LO.A

8th - 11th Grade

10 Qs

quiz-placeholder

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Unit 1 LO.A

Unit 1 LO.A

Assessment

Quiz

Business

8th - 11th Grade

Medium

Created by

Trevor Kapfunde

Used 3+ times

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A business decides to increase its selling prices.Which of the following stakeholder is most likely to be affected?

Suppliers

Local Community

Employees

Customers

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A business which grows potatoes and makes them into crisps is said to be operating in the:

Primary and secondary sector

primary and tertiary sector

secondary and tertiary sector

primary, secondary and tertiary sector

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which business is likely to increase have increasing shareholder value as its objective?

sole trader

partnership

public limited company

not-for-profit organisation

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When a business increases its sales as a percentage of total market sales it is said to be:

increasing its market share

improving its customer satisfaction

increasing its shareholder value

maximising its profits

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The most likely advantage of being a sole trader business is being able to:

share decision making

raise large amounts of finance

keep all profits made

receive dividend payments

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following stakeholder may receive more order is a business grows in size?

customers

local community

suppliers

owner

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following organisation is most likely to have profit maximisation as an aim?

Starbucks

British Red Cross

World Wildlife Fund

Water Aid

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