Business General Knowledge

Which of the following best describes a business activity?

• Playing football in the park

• Producing and selling goods or services to make a profit

• Reading a book at home

• Walking a dog in the countryside

Which of the following is NOT an influence on business activity?

• Government regulations

• Weather conditions

• The colour of the sky

• Consumer preferences

What is the main purpose of the operations department in a business?

• To recruit new staff

• To produce goods or deliver services

• To advertise products

• To manage company finances

Which of the following is a source of finance for a business?

• A marketing campaign

• A bank loan

• A staff meeting

• A new product launch

Which of the following is a function of the marketing department?

• Paying staff wages

• Promoting products to customers

• Manufacturing goods

• Managing stock levels

Which department is responsible for hiring new employees?

• Finance

• Human Resources

• Operations

• Marketing

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

• Staff training

• Economic recession

• Product design

• Stock control

What is the main aim of most private sector businesses?

• To provide public services

• To make a profit

• To reduce pollution

• To increase government spending

Which of the following is an example of a fixed cost for a business?

• Raw materials

• Rent for the premises

• Packaging costs

• Delivery charges

Which of the following is a responsibility of the finance department?

• Designing adverts

• Preparing budgets

• Training staff

• Delivering products