OCR Business Activity Quiz - Check in

Which one of the following types of business can sell shares on the stock exchange?

• A partnership

• A private limited company

• A public limited company

• A sole trader

Which of the following is an internal stakeholder of business that repairs cars?

• Mechanics who work at the garage

• Motorists who bring their car to the garage to be repaired

• Residents living near to the garage

• The government that creates the laws the garage must obey

The reward for enterprise is:

• hard work

• profit

• risk

• self-discipline

A clothing manufacturer buys a multiscreen cinema. What is this an example of?

• A diversification

• A horizontal merger

• A partnership

• A vertical takeover

Which one of the following is not a reason to start your own business?

• To be your own boss

• To increase financial risk

• To pursue personal interests

• To satisfy customer needs

A business makes jeans. Which of the following is the role of its suppliers?

• To advertise the jeans on national television

• To buy large quantities of jeans

• To deliver fabric and fastenings on time

• To pay the wages of the sewing machinists

The UK government requires sole traders to:

• advertise online

• employ staff

• operate from home

• pay tax on profits

Which of the following would increase the market share of a company?

• Employing fewer staff

• Making its products more appealing

• Reducing output

• Spending less money

Two toy shops in Southville have different objectives. Which of the following could be a reason why these two businesses have different objectives?

• Central government sets specific objectives for every business

• Diversification is not allowed

• One business is a new start-up and the other is well established

• The law does not allow businesses to have identical objectives

Which one of the following is a benefit of business planning?

• It increases business risk

• It increases the legal requirements on a business

• It reduces the amount of profit a business can make

• It reduces the chances of business failure