BST 10 questions - Caleb
Business Skills Test
Test your knowledge of essential business concepts with this engaging quiz! Whether you're a student, a professional, or simply someone interested in business, this quiz covers a variety of relevant topics.
- 10 multiple choice questions
- Assess your understanding of business sectors, marketing mixes, and more
- Get ready to challenge yourself!
Which sector is the last sector of production?
Secondary
Tertiary
Primary
What is the formula for contribution?
Sales revenue - Cost of sales
Actual production level - Break even output
Selling price - Variable Costs
Unlimited liability means the business owner is responsible for all debts the business has
True
False
Which of the following is not financial motivation:
Fringe benefits
Job Rotation
Bonuses
1 benefit of efficient communication:
Customers are annoyed as their complaints are not dealt with
Staff understands their roles and responsibilities
Staff becomes demotivated
What is not in the marketing mix?
Price
Product
Customers
Place
Promotion
Which of the following is not primary research?
Focus groups
Government Records
Questionnaires
Surveys
Which is not a stakeholder group?
Customers
Governments
General public
Shareholders
Which method of production produces the most products?
Flow
Job
Batch
1 benefit of economies of scale:
Able to buy in bulk for a cheaper price
Reduced staff motivation
Difficult Communication
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