Business Concepts Quiz
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Questions and Answers

What is the main characteristic of a Public Limited Company (PLC)?

  • Owned by a single individual
  • Cannot sell shares to the public
  • Can sell shares to the public (correct)
  • Operates in only one country

What action is taken when a business engages in retrenchment?

  • Downsizing operations by reducing employees (correct)
  • Expanding into new markets
  • Opening new branches
  • Increasing the number of employees

What does a green audit primarily focus on?

  • Employee performance evaluations
  • Business's impact on the environment (correct)
  • Customer satisfaction surveys
  • Financial statements of a business

In which situation would a business be using viral marketing?

<p>Using online platforms to encourage sharing of a campaign message (A)</p> Signup and view all the answers

What does the term 'domestically' refer to?

<p>Operations within the home country (C)</p> Signup and view all the answers

What is the primary purpose of a tariff?

<p>To encourage international trade (A)</p> Signup and view all the answers

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