BO-UNIT-1-IMP

Contents

Results

-
Share your score!
Tweet your score!
Share to other

#1. In the business context, what does the term "entrepreneurship" refer to?

#2. What does the term "sole proprietorship" mean in business?

#3. Which of the following is a characteristic feature of a partnership?

each partner is individually and collectively responsible for the partnership’s debts and obligations/ shared responsibility.

#4. What is the legal entity that is separate from its owners in a corporation?

#5. Which economic factor is a measure of a country's overall economic performance?

#6. Which of the following is a feature of a command economy?

#7. What is the role of a board of directors in a corporation?

#8. Which financial statement provides a snapshot of a company's financial position at a specific point in time?

#9. What does the term "market segmentation" refer to in marketing?

#10. Which economic system relies on supply and demand to determine prices and production levels?

#11. Which form of business organization provides limited liability to its owners?

#12. What is the term for the total value of goods and services produced by a country in a specific time period?

#13. What is the purpose of a mission statement in business?

#14. Which economic indicator measures the average change in prices of goods and services over time?

#15. In the context of marketing, what does the "4 Ps" stand for?

#16. What is the term for the process of turning raw materials into finished goods?

#17. What does the term "diversification" mean in the context of investment and business strategy?

#18. Which of the following is an external factor that can influence a business's performance?

#19. What is the term for the financial return on an investment relative to its cost?

#20. Which financial statement reflects a company's revenues and expenses over a specific period?

#21. What is a feature of a business?

#22. Which of the following is a characteristic of a business?

#23. Why is competition considered a feature of a business?

#24. In a business context, what is the importance of innovation?

#25. What does the term "stakeholder" refer to in a business context?

#26. What is the first stage in the business development process?

#27. During the Introduction stage, businesses focus on:

#28. Which factor is crucial during the Growth stage of business development?

#29. In the Maturity stage, businesses often:

#30. During the Decline stage, businesses may consider:

#31. Which stage involves a thorough evaluation of external and internal factors?

#32. What is a key characteristic of the Growth stage?

#33. In the Introduction stage, businesses typically incur:

#34. Which stage requires a focus on operational efficiency and cost control?

#35. What is a common strategy in the Decline stage of business development?

#36. Which stage involves a high level of risk and uncertainty?

#37. During the Maturity stage, businesses may face challenges related to:

#38. Which stage requires a strong focus on customer retention and loyalty?

#39. During the Growth stage, businesses often invest in:

#40. Which stage involves adapting to changes in consumer preferences and market trends?

#41. The process of creating, communicating, and delivering value to customers is known as:

#42. What function of business focuses on converting raw materials into finished goods?

#43. Which function is responsible for recruiting, training, and managing employees?

#44. In the context of business functions, what does CSR stand for?

#45. The process of identifying and adapting to changes in the business environment is part of:

#46. Which function is concerned with the efficient flow of goods and services from producers to consumers?

#47. The function responsible for assessing market demand and setting product prices is:

#48. Which function deals with legal issues, compliance, and ethical considerations in business?

#49. What is the primary focus of the production function in a business organization?

#50. Which function involves designing organizational structures and managing employee relations?

#51. The function that involves identifying potential markets and promoting products is:

#52. Which function focuses on developing and maintaining relationships with customers?

#53. Which of the following is considered a primary sector business activity?

#54. In the classification of business activities, what does the term "Tertiary sector" refer to?

#55. What type of business activity involves buying and selling of goods without any processing?

#56. Which sector is responsible for the transportation and storage of goods?

#57. Research and development activities are part of which sector?

#58. In the classification of business activities, what does the term "Quinary sector" refer to?

#59. What is the role of the secondary sector in business activities?

#60. The tourism and hospitality industry falls under which sector?

#61. Information technology and software development are examples of activities in which sector?

#62. Which term refers to the organized efforts of individuals to produce and sell goods and services for profit?

#63. The main economic objective of a business organization is to:

#64. The concept of 'limited liability' in business refers to:

#65. Which characteristic ensures that a business organization can continue its existence even if there is a change in ownership?

#66. Which of the following is a social objective of a business organization?

#67. The term 'entrepreneurship' refers to:

#68. Business ethics involve:

#69. Which type of business organization has the advantage of limited liability and centralized management?

#70. What does SWOT analysis stand for in the context of business strategy?

#71. Which type of business environment includes factors like economic conditions, political stability, and technological advancements?

#72. What is the role of a mission statement in a business organization?

#73. Which financial statement provides a snapshot of a company's financial position at a specific point in time?

#74. The process of identifying and attracting potential customers to a product or service is known as:

#75. Which of the following is an advantage of a partnership business structure?

#76. In a sole proprietorship, who bears the unlimited liability for the business's debts?

#77. The process of dividing work into tasks and coordinating them to achieve organizational goals is known as:

#78. Which of the following is an example of an intangible asset for a business?

#79. Which economic system allows businesses to operate with minimal government interference?

#80. The concept of 'supply and demand' is a fundamental principle in which economic system?

#81. What is the primary focus of the industry?

#82. In commerce, what is the main activity?

#83. What does commerce involve that industry does not?

#84. Which of the following is a feature of commerce?

#85. In which sector does industry play a vital role?

#86. Which is a characteristic of the industrial sector?

#87. Which sector is concerned with the creation of form utility?

#88. What is the importance of industry in economic development?

#89. Which sector is characterized by intangible products?

#90. What is the main goal of the service sector?

#91. Which sector involves the extraction and processing of raw materials?

#92. In commerce, what plays a crucial role in the exchange of goods and services?

#93. Which sector is concerned with the storage and transportation of goods?

#94. In which sector is research and development crucial?

#95. Which sector involves the buying and selling of goods on a large scale?

#96. What is a characteristic of the service sector?

#97. What does the industrial sector contribute to the economy?

#98. Which sector is associated with the creation of place utility?

#99. Which term is associated with the systematic and organized application of specialized knowledge and skills for the service of society?

#100. In a business, the primary relationship is between the:

#101. In a profession, practitioners are often bound by a:

#102. What is a key difference between business and profession?

#103. What is a distinguishing characteristic of a business owner?

#104. Which term is associated with the concept of trade, commerce, and industry?

#105. In a profession, success is often measured by:

#106. Which of the following is a commonality between business and profession?

#107. In a profession, the focus is on:

#108. In a profession, the relationship is often based on:

#109. What is a key characteristic of modern businesses in the digital era?

#110. In modern business, what is the significance of data analytics and technology?

#111. Which factor is crucial for success in modern business environments?

#112. What is a characteristic of modern organizational structures?

#113. Which term is associated with the use of advanced technologies to streamline business processes?

#114. In modern business, what is the importance of a diverse and inclusive workforce?

#115. What is a characteristic of modern marketing strategies?

#116. In modern business, what is the role of agility?

#117. In modern business, what does the term "E-commerce" refer to?

#118. What is a common feature of modern business models?

#119. In modern business, what is the role of social media?

Finish