Business and Its Environment 1
Quiz by MUNIRAH BINTI AZMI
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- Q1
Business is an organization engaged in commercial, industrial, or professional activities with the aim to
make profits
grow business
provide resources
create demand
30s - Q2
The following are the characteristics of business EXCEPT
Can be divided into private, public and non-profit
Keep accounts of income and expenditure
Create unemployment among people
Use various resources to produce goods and services
30s - Q3
How does business develop skills of people?
By analysing employees willingness to work
By providing training and workshop for employees
By assigning every employee to its job specification
By having employees struggle on their own
30s - Q4
Return on Investment is
The action or business of promoting and selling products or services
The process of creating new or improved products & services often involving technological advancements
The reward or profit investors receive as a result of putting their money into the business
The amount or quantity when total revenue deducted by expenses
30s - Q5
In Malaysia, businesses impose GST (Goods and Services Tax) which is a consumption tax covering all goods and services sold to consumers, including imports.
truefalseTrue or False30s - Q6
Business inputs in terms of labor resources are
money and finance
non-renewable resources
renewable resources
manual and skilled employees
30s - Q7
Secondary sector consists of industries that extract raw materials for other sectors of the economy.
falsetrueTrue or False30s - Q8
Amazing Travel & Tours is a tourism agency that provides travel package services to customers. This business is considered a tertiary sector industry.
truefalseTrue or False30s - Q9
Local entrepreneur Khairul Aming owns a business with factories and handles the production of his product Sambal Nyet Berapi while also delivers the product to its customers. This is an example of
primary sector industry
tertiary sector industry
secondary sector industry
30s - Q10
A business that keep accounts and records of its income and expenditure is more likely to receive loss in their business activities.
falsetrueTrue or False30s - Q11
Brainstorming and SWOT analysis are examples of __________________ in a business activity.
marketing goods and services
generating new ideas
raising capital
30s - Q12
Why do you think businesses need to perform many marketing activities?
For customers to be aware of the products or services and helps them make the buying decision.
For business to raise capital for the operations of their business.
For employees to perform their jobs correctly according to the job scope needed.
30s - Q13
A bakery recently purchased a new mixer for the production of their bread dough. What does the managers in the business have to do?
Rent a famous baker to manage the mixer.
Supply bread dough from another bakery.
Provide training for the employees on procedures to use the mixer.
30s - Q14
The practice of recruiting, hiring, deploying and managing an organization's employees. This is a business function for
Marketing management
Human Resource management
Operations management
Finance management
30s - Q15
Explain the role of operation management function :
They are responsible for overseeing, designing, planning and controlling the process of production
To monitor the level of manufacturing of the business
The duty is to ensure that all employees are paid at the end of the month
30s