Quiz: The Nature Of Business
10 Questions
| Total Attempts: 1673
(136).jpg "Quiz: The Nature Of Business")
Questions and Answers
- 1.Early economies could be described as:
- A.
Surplus economies
- B.
Service-oriented economies
- C.
Heavy production-oriented economies
- D.
Subsistence economies
- 2.The system of exchange of goods and services without the use of money is called:
- A.
Trade
- B.
Barter
- C.
Exchange
- D.
Production
- 3.Which of the following items were used to place a value on goods or services in early economies?
- A.
Money
- B.
Bank notes
- C.
Cheques
- D.
Shells
- 4.Which of the following is a characteristic of money?
- A.
Acceptability
- B.
Storage
- C.
Unit of account
- D.
Neat
- 5.This form of business is allowed to advertise publicly for the sale of shares:
- A.
Sole Trader
- B.
Private Limited Company
- C.
Public Limited Company
- D.
Partnership
- 6.This business is regarded as a franchise:
- A.
Microsoft Corporation
- B.
Grace Kennedy
- C.
Burger King
- D.
Jamaica Broilers
- 7.This form of payment is a type of loan:
- A.
Debit Card
- B.
Credit Card
- C.
Cheque
- D.
Electronic Transfer
- 8.This form of business is formed by a group of persons with similar interests to gain benefits.
- 9.The sleeping partner plays an active role in the day to day operations of the partnership.
- A.
True
- B.
False
- 10.Unlimited Liability means an investor is not likely to loose his/her personal possessions if the business fails.
- A.
True
- B.
False
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