Business Studies Quiz
Business Studies Quiz
Test your knowledge of business concepts with our engaging Business Studies Quiz! This quiz is designed to challenge your understanding and application of important principles in the field of business.
Features:
- 10 Multiple Choice Questions
- Instant Feedback on Answers
- Learn while you play!
A partnership deed generally doesn't include:
Salaries of the partners
Sale of businesss
Method of solving disputes
Duration of business
'uberrimae fidei' means :
Unless specified otherwise
Other factors remaining constant
Dividend reinvested
Utmost good faith
What is the basic economic problem?
Resources are available in infinite supply
Lack of needs and wants
Unlimited needs and limited resourcescreating scarcity
Unlimited wants and limited resources creating scarcity
Which of the following is an internal source of finance?
Sale of assets
Overdraft
Loan from bank
Selling debentures
Amazon is a well known online retailer.It has grown by differentiating itself from it's rivals. Which of the following elements of the marketing mix does it represent?
Price
Product
Place
Promotion
A business has to raise prices to pay higher wages. Which stakeholder is affected the least?
Customer
Shareholder
Manager
Worker
Management works for the following objectives:
Profit Maximisation
Sales Maximisation
To become market leader
All of the above
Which word or phrase on the business letter tells the mail clerk to deliver the letter to the recipient unopened?
Confidential
Courtesy copy
For the attention of
Subject
Franchise means:
Copying and modifying a companies name and logo
Being promoted to the manager
Right to use name and logo of an existing firm
All of the above
Value adder means:
Selling price - cost of goods sold
Cost of goods sold + selling price
Cost of goods sold - selling price
None of the above
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