Nature and Forms of Business Organisation Quiz

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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?

Products they purchase from other businesses Signup and view all the answers

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

Make your new business official Signup and view all the answers

What is the core principle of good corporate governance?

Accountability Signup and view all the answers

What does insider trading involve?

Buying and selling stocks based on non-public information Signup and view all the answers

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

The morality of advertising Signup and view all the answers

What distinguishes relative poverty from absolute poverty?

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

What does whistleblowing involve?

Reporting unethical or illegal behavior to higher management Signup and view all the answers

Nature and Forms of Business Organisation Quiz

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Questions and Answers

What is the main objective of most businesses?

Which type of business organization provides services rather than products to customers?

In a partnership, how many individuals are involved?

What does a merchandising business primarily sell?

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

What is the core principle of good corporate governance?

What does insider trading involve?

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

What distinguishes relative poverty from absolute poverty?

What does whistleblowing involve?

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