Business Studies


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Business Quiz

1. What is a sole trader?
2. What does PLC stand for?
3. What is the difference between net and gross pay?
4. Name a direct and an indirect tax.
5. What is induction training?
6. Name the 2 types of cost to a business.
7. When total revenue = total costs it is known as what?
8. Name the 2 main types of financial accounts.
9. What are the 4 Ps?
10. What is competitive pricing?
11. Who monitors advertising?
12. What are the 3 methods of production?
13. Explain the term Just in Time stock control.
14. Why is an exchange rate an expense to a business?
15. What is the main aim of every private business?

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