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The World of Business module quiz: N(T)-Level Elements of Business Skills (SEAB 7066) quiz

15questions. Pick an answer and you'll see why right away.

  1. What is a business?

  2. Which of these is a need rather than a want?

  3. Which is an example of a service rather than a good?

  4. Mei runs a small flower stall completely by herself. What type of business ownership is this?

  5. What is one disadvantage of a sole proprietor?

  6. Which type of ownership is owned by shareholders?

  7. Which best describes the difference between an aim and an objective?

  8. Why is survival often the main aim of a brand-new business?

  9. What is a stakeholder?

  10. What does an employee most want from a business they work for?

  11. What does a supplier most want from a business?

  12. Which of these is a way that businesses help the economy?

  13. Which three industries are especially important to Singapore and form the main context of this course?

  14. Why is providing jobs important to a country like Singapore?

  15. A friend wants to start a business with a partner so they can share the work and the costs. Which type of ownership best suits this?