Business Organisation and Environment module quiz: O-Level Business Studies (SEAB 7085) quiz
14questions. Pick an answer and you'll see why right away.
Which form of business is owned and run by one person who keeps all the profit but has unlimited liability?
What does limited liability mean for the shareholders of a company?
What does incorporation give a business?
Which of these is a key difference between a private limited company (Pte Ltd) and a public limited company (plc)?
What is the main objective of most public-sector organisations?
Which of these is typically in the private sector?
What does the chain of command show in an organisation?
A manager who has fifteen workers reporting directly to her has a:
Which is a likely advantage of a flat organisational structure?
What is delegation?
Why is being near the market especially important for a retail shop?
Which factor would most influence the location of a heavy manufacturing factory using bulky raw materials?
How might a government influence where a business locates?
A sole trader is worried about losing personal assets if the business fails. Which change would best address this?