Business Studies Quizzes, Questions & Answers

Recent Quizzes

Review Quiz On Types Of Business Organization! Trivia

Review Quiz on Types of Business Organization! Trivia

The is the first of 3 quizzes that students can take online to review for the final.

Questions: 19 | Attempts: 207 | Last updated: Mar 21, 2023

Sample Question
All of the following are factors of production EXCEPT

Land

Labor

Capital

Services

Are You Ready For A Business Studies Quiz?

Are you geared up for a business studies quiz? This quiz covers all the basic concepts that are involved in the business world. For this quiz, you will have to to know what opportunity cost means, whether there are factors of...

Questions: 7 | Attempts: 6165 | Last updated: Mar 22, 2023

Sample Question
What is the basic economic problem?

Resources are available in infinite supply

There aren’t enough needs and wants

Unlimited wants and limited resources create scarcity

Unlimited needs and limited resources creates scarcity

Other External Influences On Business

Other External Influences on Business

A few questions about the fifth chapter from the IGCSE Business Studies book: Other External Influences on Business

Questions: 5 | Attempts: 231 | Last updated: Mar 21, 2023

Sample Question
What is an advantage of technological change?

Workers will require training

New products encourage consumers to buy

Expensive to buy and introduce with no certainty it will succeed

Customers still prefer personal contact

Types Of Business Activity Quiz Questions

Types of Business Activity quiz questions

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...

Questions: 5 | Attempts: 2056 | Last updated: Mar 22, 2023

Sample Question
What happens in the second stage of production?

Manufactures goods using raw materials

Extracts and uses the natural resources of the earth

Business controls all of the market of a product

Provides services to consumers and the other sectors of industry

Business Studies: The Purpose Of Business Activity Quiz #2

Business Studies: The Purpose of Business Activity Quiz #2

Business Studies: The Purpose of Business Activity Quiz #2 explores fundamental business concepts such as scarcity, division of labor, and business objectives. It assesses understanding of factors of production and the role of...

Questions: 7 | Attempts: 1278 | Last updated: Mar 22, 2023

Sample Question
What is meant by scarcity?

Choosing the next best alternative given up by choosing another item

The lack of sufficient products to fulfill the total wants of the population

Need to produce goods or services

Next best alternative given up by choosing another item

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