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Business Studies Past 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






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