What is the main goal of a business?

CHAPTER 1:Introduction to Business

Quiz
•
Business
•
3rd Grade
•
Medium
fatimah yusoff
Used 3+ times
FREE Resource
14 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
To sell products at a loss
To create jobs
To provide free services
To earn profits
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT a function of business?
Increasing taxes
Innovation
Creating job opportunities
Providing goods and services
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is 'capital' in a business?
The customers
The products sold
The workers in a company
The money needed to start a business
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a 'sole proprietorship'?
A business with many owners
A business owned by one person
A type of partnership
A public company
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a major disadvantage of a sole proprietorship?
Easy to set up
Unlimited liability
No taxes
Limited growth
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a 'private limited company'?
A business with no owners
A business that cannot make profits
A company that can sell shares to the public
A common form of company in Malaysia
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one benefit of businesses providing job opportunities?
Less innovation
Economic development
Higher taxes
Increased unemployment
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