Business Features Quiz

Which of the following is a type of business?

• Sole Trader

• Partnership

• Corporation

• All of the above

What is the primary characteristic of a sole trader?

• Owned by multiple people

• Limited liability

• Owned and run by one individual

• Shares traded on the stock market

Which business ownership structure involves shareholders?

• Sole Trader

• Partnership

• Corporation

• Cooperative

In a partnership, how are profits typically shared?

• Equally among partners

• Based on the amount of capital each partner invested

• According to the partnership agreement

• None of the above

Which of the following is a primary function of a business?

• Marketing

• Production

• Finance

• All of the above

Which business function is responsible for hiring and training employees?

• Marketing

• Human Resources

• Finance

• Production

What is the role of the marketing function in a business?

• Producing goods and services

• Managing financial records

• Promoting and selling products

• Hiring employees

Which of the following is an example of business ethics?

• Maximising profits at any cost

• Exploiting workers for higher productivity

• Ensuring fair wages and working conditions

• Ignoring environmental regulations

What is a key principle of business ethics?

• Profit maximisation

• Corporate social responsibility

• Market dominance

• Cost-cutting

Which type of business is typically easiest to start?

• Corporation

• Partnership

• Sole Trader

• Cooperative