CHAPTER 1: BUSINESS & ITS ENVIRONMENT
Authored by NOORHAFIZA ZAINAL ABIDIN
Business
University
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15 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main goal of a business?
To hire employees
To avoid taxes
To satisfy society’s needs and earn profit
To produce only tangible goods
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a type of business that provides intangible services?
Manufacturing
Marketing intermediaries
Service business
Wholesaler
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Profit is calculated by:
Sales Revenue × Expenses
Sales Revenue – Expenses
Assets – Liabilities
Expenses – Sales Revenue
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When expenses are greater than sales revenue, the business faces a:
Profit
Discount
Break-even
Loss
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which functional area is responsible for converting resources into goods/services?
Marketing
Finance
Operations
Accounting
6.
FILL IN THE BLANKS QUESTION
1 min • 1 pt
The functional area responsible for managing company funds is called
(a)
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
International business refers to:
Trade between neighbourhoods
Business activities within a country
Business transactions across national borders
Selling goods on Shopee
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