Business Management and Enterprise Environments UNIT 1 BME QUIZ © Criddle, Hinton, Nizam

Welcome to the quiz for Unit 1ABME You will be given 10 multiple choice questions Click on the correct answer Use the links to navigate through the test To finish the test you must answer all the questions correctly Are you ready? © Criddle, Hinton, Nizam

What is a stakeholder? Question 1 Someone who uses a business Someone who might invest in a business Anyone who can affect or be affected by a business © Criddle, Hinton, Nizam

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You are correct Question 2 © Criddle, Hinton, Nizam

What is Gross Domestic Product? Question 2 What is Gross Domestic Product? The dollar value of all goods and services produced by business Everything made by home based businesses Business profits © Criddle, Hinton, Nizam

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You are correct Question 3 © Criddle, Hinton, Nizam

What is an aspect of the macro environment? Question 3 What is an aspect of the macro environment? Diversity Hierarchy Competition © Criddle, Hinton, Nizam

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You are correct Question 4 © Criddle, Hinton, Nizam

How are ethics demonstrated in a business? Question 4 How are ethics demonstrated in a business? How employees treat customers and suppliers In financial reports In profit levels © Criddle, Hinton, Nizam

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You are correct Question 5 © Criddle, Hinton, Nizam

What is an aspect of the internal environment? Question 5 What is an aspect of the internal environment? Technology Climate change Management Style © Criddle, Hinton, Nizam

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You are correct Question 6 © Criddle, Hinton, Nizam

What is unlimited liability? Question 6 What is unlimited liability? When personal assets can be taken to pay for business debts When a business has no limit on how much they can borrow A result of incorporation © Criddle, Hinton, Nizam

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You are correct Question 7 © Criddle, Hinton, Nizam

Question 7 Two or more people in business together with a common view to profit is a definition of what business form? Trust Partnership Sole Trader © Criddle, Hinton, Nizam

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You are correct Question 8 © Criddle, Hinton, Nizam

What is an advantage of a company over other legal structures? Question 8 What is an advantage of a company over other legal structures? Registered under Corporations Law The owner has complete control Limited liability protecting the owners © Criddle, Hinton, Nizam

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You are correct Question 9 © Criddle, Hinton, Nizam

Which one is a description of the Secondary Industry Sector? Question 9 Which one is a description of the Secondary Industry Sector? Takes primary outputs and turns them into saleable goods The high school sector of the education industry Mining, wheat and wool industries © Criddle, Hinton, Nizam

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You are correct Question 10 © Criddle, Hinton, Nizam

Which is the easiest and cheapest form of business to set up? Question 10 Which is the easiest and cheapest form of business to set up? Co-operative Sole Trader Quarternary © Criddle, Hinton, Nizam

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You are correct Congratulations © Criddle, Hinton, Nizam

Congratulations! You have finished the test © Criddle, Hinton, Nizam