Business Studies Exam
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Welcome to your Business Studies Assessment
Exam instructions;
- Read all questions carefully before you answer
- You must answer all questions
- You have approximately 30mins to complete the exam
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Question 1 of 18
1. Question
Which type of business is focused on making a profit?
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Question 2 of 18
2. Question
Which type of business addresses a social or environmental problem as its primary mission while still earning a profit?
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Question 3 of 18
3. Question
What percentage of the UK’s gross domestic product (GDP) is accounted for by the manufacturing sector?
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Question 4 of 18
4. Question
Which of the following is NOT one of the industries within the UK manufacturing sector?
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Question 5 of 18
5. Question
Which of the following is NOT a key contribution of business activities in the economy?
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Question 6 of 18
6. Question
Which of the following is a key advantage of a Limited Liability Company (LLC) business structure?
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Question 7 of 18
7. Question
What is the difference between a public limited company and a private limited company?
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Question 8 of 18
8. Question
Which of the following is an example of an informal organisation?
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Question 9 of 18
9. Question
What is the main contribution of neo-classical organisation theory?
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Question 10 of 18
10. Question
What is a functional structure in an organisation?
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Question 11 of 18
11. Question
What is the advantage of a divisional structure in an organisation?
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Question 12 of 18
12. Question
What does the social environment of an organisation refer to?
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Question 13 of 18
13. Question
Why is it important for an organisation to understand its social environment?
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Question 14 of 18
14. Question
What is a cooperative?
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Question 15 of 18
15. Question
What is the principle on which cooperative management is based?
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Question 16 of 18
16. Question
What is environmental scanning?
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Question 17 of 18
17. Question
What is direct competition?
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Question 18 of 18
18. Question
What are some ways businesses can stay competitive in the market?
