Nature and Forms of Business Organisation Quiz
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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 (B)</p> Signup and view all the answers

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

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

What is the core principle of good corporate governance?

<p>Accountability (A)</p> Signup and view all the answers

What does insider trading involve?

<p>Buying and selling stocks based on non-public information (A)</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 (C)</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. (D)</p> Signup and view all the answers

What does whistleblowing involve?

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

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