SQA National 5 Business Management Unit 1 Understanding Business overview quiz quiz
15questions. Pick an answer and you'll see why right away.
Which sector of the economy is owned and run by central or local government?
A farmer growing wheat is operating in which sector of industry?
Which type of business organisation has unlimited liability?
What is the main difference between a plc and a private limited company (Ltd)?
Which of these is a third sector organisation?
Limited liability means that owners:
Which of the following is NOT a factor of production?
Which factor of production refers to the entrepreneur who organises the others and takes the risk?
Which objective is usually the first priority for a brand-new business?
Which of these is an INTERNAL factor affecting a business?
What does the E in PESTEC most directly refer to alongside the economic factor?
A rise in interest rates is most likely to:
Which stakeholder is most interested in the business repaying loans with interest?
Which is an example of a conflict between stakeholders?
Good after-sales service mainly helps a business by: