| What to create | Exam |
| Which subject | Business |
| What age group | Year or Grade 9 |
| What topic | |
| Question types | Close-ended |
| Number of questions | 15 |
| Number of answers | 4 |
| Correct answers | Exactly 1 |
| Show correct answers | |
| Use images (descriptions) | |
| Any other preferences |
Test your knowledge of basic business concepts with this quiz! Choose the correct answer for each question.
What is the primary goal of a business?
A. To provide charity
B. To make a profit
C. To hire the most employees
D. To sell products at a loss
Which of the following is a type of market structure?
A. Free market
B. Monopoly
C. Gift economy
D. Command economy
What is the term for the money a business earns after all expenses have been paid?
A. Revenue
B. Profit
C. Loss
D. Investment
Which document outlines a company’s goals, strategies, and plans for the future?
A. Annual report
B. Business plan
C. Marketing plan
D. Strategic plan
What is the role of a manager in a business?
A. To set company laws
B. To make products
C. To oversee operations and guide employees
D. To sell products directly to customers
What does "branding" refer to in business?
A. The cost of producing an item
B. The process of creating a unique image and identity for a product
C. The legal method of registering a company name
D. The act of building a physical store
Which of the following is a method of promotion?
A. Discounting prices
B. Increasing production
C. Hiring more staff
D. Reducing payroll taxes
What is an entrepreneur?
A. A person who works for a corporation
B. A person who invests savings in stocks
C. A person who starts and runs their own business
D. A self-employed person who avoids risks
What is the purpose of market research?
A. To create new products
B. To understand customer preferences and trends
C. To develop employee training programs
D. To analyze financial statements
What does SWOT stand for in business analysis?
A. Strengths, Weaknesses, Opportunities, Threats
B. Selling, Wages, Operations, Time
C. Stocks, Wealth, Overhead, Taxes
D. Strategy, Work, Organization, Tactics
Which type of business structure limits personal liability for its owners?
A. Sole proprietorship
B. Partnership
C. Corporation
D. Cooperative
What is an example of a fixed cost for a business?
A. Utility bills
B. Advertising expenses
C. Rent for office space
D. Commission for sales staff
What is the primary benefit of e-commerce?
A. Increased employee productivity
B. Wider market reach and convenience
C. Lower quality products
D. Reduced production costs
Which financial statement shows a company's revenues and expenses over a specific period?
A. Balance sheet
B. Cash flow statement
C. Income statement
D. Statement of retained earnings
What is the concept of supply and demand?
A. The relationship between salary increases and employee retention
B. The relationship between the availability of a product and the desire for it
C. The process of hiring new employees to meet customer demand
D. The balance between advertising budget increase and sales increase