NZ Level 2 Business Studies Quiz

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NZ Level 2 Biz Quiz

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arlo

New Zealand

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NZ Level 2 Business Studies Quiz


Froggy Jumps NZ Level 2 Business Studies QuizOnline version NZ Level 2 Biz Quiz by arlo 1 What is a stakeholder? a A company itself b A person or group affected by a business c Only a shareholder 2 What is a sole trader? a A business owned and run by one person b A public limited company c A business with many partners 3 Which function uses hiring staff? a Finance b Marketing c Human Resources 4 What does marketing involve? a Identifying needs and promoting products b Manufacturing goods c Only advertising 5 What is revenue? a Money borrowed b Income from selling goods or services c Profit after costs 6 What is a business plan? a A daily timetable b A document outlining aims, market, and finances c A tax form 7 What is profit? a Total sales b Revenue minus costs c Cash in hand 8 What is a market? a A government agency b A physical shop only c Potential customers for a product 9 What does competition mean for a business? a A legal requirement b Only pricing benefits c Rivalry with other businesses 10 Which sector includes farming and mining? a Tertiary sector b Secondary sector c Primary sector 11 What is a primary purpose of business objectives? a To confuse stakeholders. b To set clear, measurable goals. c To increase vacation time. 12 Which form of ownership provides limited liability but requires formalities? a Partnership b Sole trader c Limited company (Ltd/Corporation). 13 What is the formula for gross profit? a Net income = revenue - expenses b Operating profit = gross profit - overhead c Gross profit = Revenue - Cost of goods sold 14 What does the 4 Ps of marketing stand for? a People, Process, Place, Promotion b Product, Price, Place, Promotion c Product, Profit, Place, People 15 Break-even point is when total costs equal total what? a Revenue b Profit c Cash inflow 16 What is cash flow? a Only cash received b Net cash moving in and out of a business c Only profits earned 17 What does a SWOT analysis assess? a Strengths, Weaknesses, Opportunities, Tactics b Strengths, Weaknesses, Opportunities, Threats c Sales, Workforce, Operations, Technology 18 Which payment method is common in B2B transactions? a Barter only b Invoice with credit terms c Cash on delivery 19 Economies of scale describe costs that... a Remain constant regardless of output b Rise per unit as output increases c Fall per unit as output increases 20 Corporate social responsibility means a business... a Acts ethically for society's benefit b Focuses only on profits c Ignores stakeholders' interests

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NZ Level 2 Business Studies Quiz

Froggy Jumps

About this activity

Created by

Download the paper version to play

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NZ Level 2 Business Studies QuizOnline version

by arlo

What is a stakeholder?

What is a sole trader?

Which function uses hiring staff?

What does marketing involve?

What is revenue?

What is a business plan?

What is profit?

What is a market?

What does competition mean for a business?

Which sector includes farming and mining?

What is a primary purpose of business objectives?

Which form of ownership provides limited liability but requires formalities?

What is the formula for gross profit?

What does the 4 Ps of marketing stand for?

Break-even point is when total costs equal total what?

What is cash flow?

What does a SWOT analysis assess?

Which payment method is common in B2B transactions?

Economies of scale describe costs that...

Corporate social responsibility means a business...