Business Management Review
Business Management Review Quiz
Test your knowledge in Business Management with this engaging quiz! Designed for VCE students, this quiz covers key concepts that are essential for success in the field. Whether you're revising for an exam or simply looking to challenge yourself, this quiz is perfect for you.
- 10 thought-provoking questions
- Mix of multiple choice and descriptive answers
- Ideal for students and aspiring entrepreneurs alike
VCE Business Management is split into how many Units of Study?
1
2
3
4
Area of Study 1 is referred to as:
External Business Motivation and Planning
Internal Business Environment and Planning
The Business Idea
The concept of entrepreneurship refers to:
What is left after business expenses have been deducted from money and earned from revenue
The act of starting and operating a new business in response to opportunities, assuming all the risk in the hope of making a profit.
Any activity conducted by an individual or individuals to produce and sell goods and services that satisfy the needs of society, as well as making a profit.
Entrepreneurship contains three components:
Pursuing Business Opportunities, Innovation and Seeking Growth
Profit, Technological Development and Research
What type of businesses are listed on the Australian Stock Exchange (ASX), which facilitates the trade of shares?
Private Business
Public Business
A business containing 20 - 199 employees is classified as a:
Small Business
Medium-Sized Business
Large-Scale Business
Using Chapter 1 from your VCE Business Management Textbook, identify and describe the ambition/story of one famous entrepreneur:
Which of the following are motivation(s) behind starting a business:
To fulfil a social need
The desire for financial and personal independence
To communicate with members of the public
To fulfil a market need
To showcase products and services for the public
To make a profit
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