* not completed

. Which of the following is NOT a function of a business?

marketing correct incorrect

operations correct incorrect

profit correct incorrect

human resources correct incorrect

* not completed

. Which of the following is true in relation to a company?

It is owned by customers correct incorrect

It is owned by its stakeholders correct incorrect

Investors have limited liability correct incorrect

It is owned by the government correct incorrect

* not completed

. Which of the following is true in relation to a public limited company?

It has "ltd" after its name correct incorrect

It can have shares sold on the Stock Exchange correct incorrect

It is owned by the government correct incorrect

It is owned by employees correct incorrect

* not completed

. What is meant by corporate governance?

The systems by which owners keep control and direct their business correct incorrect

The laws affecting the way products are sold correct incorrect

The taxes a business has to pay on profits correct incorrect

It means investors can lose their personal possessions as well as the money invested correct incorrect

* not completed

. Which of the following organisations is in the primary sector?

farmer correct incorrect

car manufacturer correct incorrect

bank correct incorrect

hairdresser correct incorrect

* not completed

. Which of the following organisations is in the secondary sector?

farmer correct incorrect

car manufacturer correct incorrect

bank correct incorrect

hairdresser correct incorrect

* not completed

. Which of the following organisations is in the tertiary sector?

farmer correct incorrect

car manufacturer correct incorrect

bank correct incorrect

oil drilling company correct incorrect

* not completed

. Which of the following groups is in the macro-environment of a business?

suppliers correct incorrect

customers correct incorrect

government correct incorrect

employees correct incorrect

* not completed

. Which is the following is not a role of management in Mintzberg's model?

informational correct incorrect

decision maker correct incorrect

interpersonal correct incorrect

holistic correct incorrect

* not completed

. Which of the following is the most common form of business ownership in the UK?

partnership correct incorrect

sole proprietor correct incorrect

private limited company correct incorrect

public limited company correct incorrect

* not completed

. Farming is:

in the secondary sector of the economy correct incorrect

in the tertiary sector of the economy correct incorrect

In the primary sector of the economy correct incorrect

In the public sector of the economy correct incorrect

* not completed

. Car manufacturing is:

in the secondary sector of the economy correct incorrect

in the tertiary sector of the economy correct incorrect

in the primary sector of the economy correct incorrect

mainly in the public sector of the economy correct incorrect

* not completed

. Education is:

in the secondary sector of the economy correct incorrect

in the tertiary sector of the economy correct incorrect

in the primary sector of the economy correct incorrect

mainly in the public sector of the economy correct incorrect