Business studies Test Yourself.

3. Earning profit is the sole objective of business.

1.      Commerce includes activities relating to trade and ____________ to trade.

9. Name 4 challenges of the micro environment.

13. Hedging is when one tries to invest his money in such a way that its value grows faster than inflation

17.      Types of ethical misconduct.

11. Info management is collection, recorded, stored and retrieved in various ways and used effectively by the business.

2.      Which of the following is not an economic activity?

12.      Name at least 4 forms of ownership

19. The government provides funds to departmental undertakings.

10. A merger is when two business of a similar sizes willingly combine to become one.

16.      The ___________company provides essential services such as water and electricity at a reasonable prices.

7.      Aspects that must be included in the memorandum of incorporation.

4. Risk is an essential element of every business activity.

15.      Change in income levels is a challenge of the ____________ environment.

8.      What are the 5 components of the market environment.

20. Examples of industrial actions

6. Financial services is a financial industry in which insurance belongs to.

5.   Economic activities includes

14.      Characteristics of a sole trader

18 Business analysis is a research discipline identifying business needs and determining solutions to business problems.