1. Business Management and Enterprise
Environments
UNIT 1 BME QUIZ
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2. 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?
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3. 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
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4. Try
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5. You
are
correct
Question 2
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6. 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
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7. Try
Again
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8. You
are
correct
Question 3
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9. What is an aspect of the macro environment?
Question 3
What is an aspect of the macro environment?
Diversity
Hierarchy
Competition
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10. Try
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11. You
are
correct
Question 4
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12. 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
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13. Try
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14. You
are
correct
Question 5
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15. What is an aspect of the internal environment?
Question 5
What is an aspect of the internal environment?
Technology
Climate change
Management Style
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16. Try
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17. You
are
correct
Question 6
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18. 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
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19. Try
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20. You
are
correct
Question 7
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21. 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
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22. Try
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23. You
are
correct
Question 8
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24. 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
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25. Try
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26. You
are
correct
Question 9
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27. 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
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28. Try
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29. You
are
correct
Question 10
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30. 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
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31. Try
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32. You
are
correct
Congratulations
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33. Congratulations!
You have finished
the test
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