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</p> Signup and view all the answers

    What does the term 'domestically' refer to?

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

    What is the primary purpose of a tariff?

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

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