2014 BST Multiple Choice

2014 BST Multiple Choice

11th Grade

20 Qs

quiz-placeholder

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2014 BST Multiple Choice

2014 BST Multiple Choice

Assessment

Quiz

Business

11th Grade

Practice Problem

Medium

Created by

Amanda Cassegrain

Used 4+ times

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an external influence on the business environment?

Management

Technology

Skills

Business culture

Answer explanation

Technology is an external influence on the business environment as it affects operations, communication, and market dynamics. In contrast, management, skills, and business culture are internal factors.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which level of government is responsible for zoning?

Federal

State

Local

National

Answer explanation

Zoning is primarily a local government responsibility, as it involves land use regulations and planning specific to communities. Local governments create zoning laws to manage development and land use effectively.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following terms refers to the costs additional to wages for employing labour, such as sick leave and superannuation?

On-costs

Off-costs

Extra-costs

Marginal costs

Answer explanation

The term 'On-costs' refers to additional costs incurred by employers beyond wages, such as sick leave and superannuation. This distinguishes it from other terms that do not specifically denote these employment-related expenses.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Milky Chocolates Pty Ltd is giving free samples of their new chocolate bar in order to increase sales. What type of promotional strategy is being used?

Personal selling

Sales promotion

Publicity

Advertising

Answer explanation

Milky Chocolates Pty Ltd is using a sales promotion strategy by giving free samples of their new chocolate bar. This tactic aims to encourage trial and increase sales, distinguishing it from personal selling, publicity, and advertising.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Technology is assisting in the rapid expansion of telecommunication. Which industry will this impact most?

Primary

Secondary

Quinary

Quaternary

Answer explanation

The quaternary industry, which focuses on knowledge-based services like information technology and research, is most impacted by advancements in telecommunication, enhancing communication and data exchange.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an advantage of becoming a company, as a business structure?

Easier to attract finance

Low start-up costs

No taxes on business profits

Unlimited liability

Answer explanation

Becoming a company allows for easier access to finance, as companies can issue shares and attract investors. This is a significant advantage over other business structures, which may struggle to secure funding.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Tow Truck Motors aims to increase their market share by 4% by 2030. What type of plan is this?

Directional

Operational

Strategic

Tactical

Answer explanation

This plan is strategic because it outlines a long-term goal of increasing market share by 4% by 2030, focusing on the overall direction and objectives of Tow Truck Motors.

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