Business Studies Unit 1
- Created by: JoshDoling
- Created on: 29-04-16 09:30
Other questions in this quiz
2. Who wouldn't be a stakeholder of a Welsh mining firm.
- Shareholders
- People from England
- The owners
- The government
3. What a sole trader?
- Someone who trades in the shoe market
- Someone who runs a business by themselves
- Someone who trades the soles of footwear
- A firm with unlimited liability
4. What is the economic problem?
- The cost of the good forgone when an option is chosen
- An unlimited amount of resources but limited wants.
- An unlimited amount of wants but limited resources.
- Exploiting a need in the market
5. What is division of labour?
- When production is split into different tasks and each worker performs one of these tasks
- When all workers get equal pay
- When half the workers rest while the others work, as to create a constant supply line
- When a firm scales back production
Comments
No comments have yet been made