Business Basics Quiz

Which of the following are reasons to own a business?

• Income potential

• sole trader

• to satisfy a demand

• to create employment

Which business ownership requires the owner to make all the decisions by themself?

• company

• limited liability

• partnership

• sole trader

What is a disadvantage of a company?

• Low income

• complicated to start

• unlimited liability

• bears all the risks of the business

Production is the process of making or manufacturing items from raw materials.

• True

• False

What are the productive resources made by human efforts such as machinery and buildings?

• natural resource

• labour

• capital

• renewable resources

What is the process by which we create and transfer ideas or opinions.

• feedback

• business

• brainstorming

• communication

Who is the person that creates the message called or referred to as?

• sender

• encoding

• receiver

• channel

What is the information that will be conveyed called?

• channel

• message

• noise

• cheque

Which of these is not a type of communication?

• Verbal

• Written

• Visual

• Emotional

What are the two types of communication?