10 Questions
What is the main objective of most businesses?
To earn a profit
Which type of business organization provides services rather than products to customers?
Service Business
In a partnership, how many individuals are involved?
Two or more people
What does a merchandising business primarily sell?
Products they purchase from other businesses
What is the key step to officially start a new business?
Make your new business official
What is the core principle of good corporate governance?
Accountability
What does insider trading involve?
Buying and selling stocks based on non-public information
Which area in business is identified as most in need of ethical attention?
The morality of advertising
What distinguishes relative poverty from absolute poverty?
Relative poverty refers to living standards within a society; absolute poverty is universal.
What does whistleblowing involve?
Reporting unethical or illegal behavior to higher management
Test your knowledge about the nature and forms of business organisations, including the types of business entities and steps to start a business. Learn about service businesses and the importance of earning a profit in a business.
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