AsterQuiz A Level Business Essentials QuizOnline version Business basics by Ayman 1 What is the primary purpose of a business plan? a To list all employees and their salaries b To outline future objectives and the actions needed to achieve them c To describe only the legal structure of the business 2 Which stakeholder group is most concerned with a company’s profits and share price? a Customers b Shareholders c Employees 3 What does break-even analysis determine? a The level of sales needed to cover total costs b The optimum product mix c When profits exceed target 4 Which marketing mix element relates to product features and benefits? a Place b Product c Price 5 Which leadership style is characterized by long-term vision and inspiration? a Laissez-faire leadership b Autocratic leadership c Transformational leadership 6 What is a SWOT analysis primarily used for? a Forecast cash flows b Assess strengths, weaknesses, opportunities, and threats c Set pricing strategies 7 Which financial document shows assets, liabilities, and equity at a point in time? a Income statement b Cash flow forecast c Balance sheet 8 Which term describes a gradual increase in production efficiency as output rises? a Opportunity cost b Economies of scale c Diminishing returns 9 What is the main objective of human resource planning? a Minimize training costs b Maximize short-term profits c Ensure the organization has the right number of people with the right skills 10 Which term describes a business’s duty to consider social and environmental impacts? a Corporate social responsibility b Corporate governance c Market segmentation
