Business Studies Questions
Question 21:
What does "HR" stand for in a business context?
- A Human Resources
- B High Revenue
- C Human Rights
- D Health Regulations
- E High Risk
Question 22:
Which of the following is an external source of finance for a business?
- A Retained earnings
- B Owner’s equity
- C Bank loANS#
- D Internal savings
- E Depreciation
Question 23:
Which of the following is a characteristic of a sole proprietorship?
- A Limited liability
- B Shared ownership
- C Single owner
- D Perpetual existence
- E Corporate structure
Question 24:
What is the primary role of a manager in a business?
- A To design products
- B To oversee and coordinate activities
- C To conduct market research
- D To handle customer complaints
- E To manage financial accounts
Question 25:
What is the main advantage of a franchise?
- A Complete control over the business
- B Established brand recognition
- C No need for initial capital
- D No ongoing fees
- E Independent decision-making