Business Studies Past QuestionsQuestion 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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