Nature and Forms of Business Organisation Quiz
10 Questions
1 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What is the main objective of most businesses?

  • To earn a profit (correct)
  • To provide goods and services
  • To know their finances
  • To conduct research
  • Which type of business organization provides services rather than products to customers?

  • Merchandising Business
  • Service Business (correct)
  • Sole Proprietorship
  • Manufacturing Business
  • In a partnership, how many individuals are involved?

  • One person
  • Two or more people (correct)
  • Three people
  • Four people
  • What does a merchandising business primarily sell?

    <p>Products they purchase from other businesses</p> Signup and view all the answers

    What is the key step to officially start a new business?

    <p>Make your new business official</p> Signup and view all the answers

    What is the core principle of good corporate governance?

    <p>Accountability</p> Signup and view all the answers

    What does insider trading involve?

    <p>Buying and selling stocks based on non-public information</p> Signup and view all the answers

    Which area in business is identified as most in need of ethical attention?

    <p>The morality of advertising</p> Signup and view all the answers

    What distinguishes relative poverty from absolute poverty?

    <p>Relative poverty refers to living standards within a society; absolute poverty is universal.</p> Signup and view all the answers

    What does whistleblowing involve?

    <p>Reporting unethical or illegal behavior to higher management</p> Signup and view all the answers

    More Like This

    Types of Organizations
    10 questions

    Types of Organizations

    LucrativeClover avatar
    LucrativeClover
    Business Organisation Overview
    10 questions
    Business Organisation Types Quiz
    22 questions
    Use Quizgecko on...
    Browser
    Browser