BUSINESS ORGANISATION

BUSINESS ORGANISATION

University

10 Qs

quiz-placeholder

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BUSINESS ORGANISATION

BUSINESS ORGANISATION

Assessment

Quiz

Business

University

Practice Problem

Hard

Created by

Sharmila Ramaiah Bavigadda

Used 12+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

  1. 1.Which of the following is not a feature of business?

a) Profit motive

b) Government ownership

c) Risk and Uncertainty

d) Economic activity

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

2.What is the significance of the development stages of a business?

a) To determine the number of competitors

b) To assess the environmental impact

c) To understand the challenges and opportunities at different phases

d) To calculate the tax liabilities

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

  1. 3.What is the primary difference between industry and commerce?

a) Industry involves manufacturing, while commerce involves buying and selling of goods and services.

b) Industry is a government sector, while commerce is a private sector.

c) Industry is limited to physical products, while commerce deals with intangible services.

d) Industry focuses on imports, while commerce focuses on exports.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

  1. 4. What is one of the primary objectives of business organization?

a) Environmental conservation

b) Charitable donations

c) Maximizing shareholder wealth

d) Promoting political agendas

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

5.What is a modern business characteristic that emphasizes the use of advanced technology?

a) Traditional approach

b) Small-scale operations

c) Innovation and technology adoption

d) Manual labor-intensive

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

6.Business is solely concerned with the production of goods.

A. True

B. False

Answer explanation

Business can also involve the provision of services.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

7.Business plays a significant role in economic development by generating employment opportunities.

A. True

B. FALSE

Answer explanation

Business activities create jobs and contribute to economic growth.

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