Types Of Business Activity Quiz Questions

5 Questions | By Katecambel | Updated: Mar 22, 2022 | Attempts: 1852

Any activity that is carried out with the sole intent of making profits is seen as a business activity. This quiz is made up of a few questions about the second chapter from the IGCSE Business Studies book: Types of Business Activity. Take it up and see just how much you recall before the exam and look for more tests like this.

Questions and Answers

1.

What happens in the second stage of production?
- A.
  
  Manufactures goods using raw materials
- B.
  
  Extracts and uses the natural resources of the earth
- C.
  
  Business controls all of the market of a product
- D.
  
  Provides services to consumers and the other sectors of industry
2.

Business size can be measured in a number of ways. Except one:
- A.
  
  By value of output and sales
- B.
  
  By capital employed
- C.
  
  By number of employees
- D.
  
  By number of competitors
3.

Which one may not be interested in comparing the size of businesses?
- A.
  
  Governments
- B.
  
  Workers
- C.
  
  Banks
- D.
  
  Mayors
4.

What is the difference between a takeover and a merger?
- A.
  
  Takeover is when the owners of two businesses agree to join their firms together to make one business; merger is a business buys out the owns of another business which then becomes part of the 'predator' business
- B.
  
  Takeover is a business buys out the owns of another business which then becomes part of the 'predator' business; merger is when the owners of two businesses agree to join their firms together to make one business
- C.
  
  Takeover is when employees who are taking action stand outside their workplace to prevent or protest at the delivery of goods, arrival and departure of other employees, etc.; merger is when employees refuse to work
- D.
  
  Takeover is when employees refuse to work; merger is when employees who are taking action stand outside their workplace to prevent or protest at the delivery of goods, arrival and departure of other employees, etc.
5.

What is one of the reasons why businesses stay small?
- A.
  
  The number of workers
- B.
  
  The type of industry the business operates in
- C.
  
  The profit the business makes
- D.
  
  The value of output and sales