General Business Knowledge

McDonald’s earns more money from selling property than from selling burgers

• TRUE

• FALSE

Which company makes the PlayStation games console?

• Nintendo

• Sega

• Microsoft

• Sony

True or False: All businesses aim to make a profit.

• TRUE

• FALSE

Which company is famous for the slogan “Because you’re worth it”?

• Dove

• L’Oréal

• Estée Lauder

• Maybelline

What is a stakeholder?

• Someone who owns a stake in a farm

• A company’s largest shareholder

• The person in charge of shares

• Anyone with an interest in the business

What’s the name for the process of making goods in large quantities, often using machines?

• Custom manufacturing

• Handcrafting

• Mass production

• Limited edition production

If a business spends £5,000 on rent and £2,000 on wages, what are these costs called?

• Assets

• Investments

• Profits

• Expenses

Which company owns Instagram?

• Twitter

• Meta (Facebook)

• Google

• Microsoft

True or False: A sole trader business is owned by one person.

• TRUE

• FALSE

If a business has more expenses than revenue, what is it making?

• Profit

• Break-even

• Loss

• Surplus