Bece Business Studies Questions
Question 1:
What is the main function of a business?
- A To produce goods and services
- B To provide employment
- C To generate profit
- D To satisfy customer needs
- E All of the above
Question 2:
What is the full form of GDP?
- A Gross Domestic Product
- B Gross Domestic Profit
- C General Domestic Product
- D General Domestic Profit
- E Gross Daily Product
Question 3:
Which of the following is a primary function of an accountant?
- A Advertising products
- B Managing financial records
- C Supervising staff
- D Designing products
- E Conducting market research
Question 4:
What does SWOT stand for in business analysis?
- A Strengths, Weaknesses, Opportunities, Threats
- B Sales, Work, Organization, Time
- C Services, Wages, Offers, Taxes
- D Stocks, Warehouses, Operations, TrANS#actions
- E Standards, Welfare, Objectives, Targets
Question 5:
In business, what does the term "liability" refer to?
- A An asset owned by the company
- B A debt or obligation of the company
- C The profit made by the company
- D The revenue of the company
- E The capital of the company