year 10 end of Jan 25

Question 1

Which type of business ownership is owned and operated by one person?

Accepted Answer

Sole trader

Question 2

Which of the following is a barrier to effective communication in a business?

Accepted Answer

Lack of clarity in messages

Question 3

What is a common reason for business failure?

Accepted Answer

Cash flow problems

Question 4

What is a limitation of using information technology (IT) for communication in businesses

Accepted Answer

Cybersecurity risks

Question 5

Which of the following is a financial aim of a business?

Accepted Answer

Survival

Question 6

How do higher interest rates typically affect businesses?

Accepted Answer

Increase the cost of borrowing for businesses

Question 7

Which measure of business success focuses on the percentage of total sales in a market that a business holds?

Accepted Answer

Market share

Question 8

Which of the following is an external factor that affects business decisions?

Accepted Answer

Technological advancements

Question 9

What is one potential drawback of a multinational company operating in a host country?

Accepted Answer

Exploitation of local resources

Question 10

Which sector of the economy involves extracting raw materials from the earth?

Accepted Answer

Primary

Questions 10