Chapter 7: Business Regulations and Support Systems Quiz

What are business regulations?

• Recommendations for employee training

• Guidelines for personal conduct

• Laws or rules prescribed by authority governing business organizations

• Suggestions for improving sales

Which of the following is NOT a type of taxation mentioned?

• Personal Tax

• Sales Tax

• Property Tax

• Company Tax

What is the purpose of business support systems?

• To manage company finances

• To enforce government policies

• To provide assistance to entrepreneurs

• To regulate employee behavior

Which act is related to employment policies?

• Safety Act 2010

• Employment Act 1955

• Business Act 2000

• Taxation Act 1995

What type of assistance is NOT included in business support systems?

• Research & Development

• Legal Assistance

• Marketing Assistance

• Financial Assistance

What is the role of government in business regulations?

• To promote competition among businesses

• To provide loans to businesses

• To ensure businesses are conducted ethically

• To manage employee relations

Which of the following is a component of business regulations?

• Market Research

• Product Development

• Approval & Licensing

• Customer Service

What does the Employer Provident Fund relate to?

• Taxation policies

• Market analysis

• Employee benefits

• Business licensing

Which of the following is a type of financial assistance?

• Market Analysis

• Grants and Loans

• Employee Training

• Product Marketing

What is the significance of understanding business regulations for entrepreneurs?

• To increase sales

• To ensure compliance and long-term success

• To reduce operational costs

• To hire more employees