EBS Chapter 1: Question Preview (ID: 6832)


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Which business is a goods-producing type of business?
a) Massage parlour b) Mushroom farm. c) Clinic d) Tuition centre
What type of business resource is sales assistant to the business?
a) Capital b) Land c) Enterprise d) Labour
What is trade credit from suppliers?
a) Buying goods from suppliers and pay immediately. b) Selling to customers on credit. c) Buying goods from suppliers but pay at a later date. d) Selling goods to suppliers and suppliers pay at a later date.
What type of business resource is office buildings to the business?
a) Capital b) Land c) Labour d) Enterprise
Businesses are affected by how well the economy is doing. What factor of business environment is this?
a) Political and legal b) Global c) Economic d) Demographic
New computer softwares had been developed to help improve business. What factor of business environment is this?
a) Demographic b) Social c) Global d) Technological
Financial crisis in the United States had affected the world's import and export. What factor of business environment is this?
a) Global b) Political and legal c) Economic d) Social
Which business is a direct competitor of 7-Eleven convenience store?
a) NTUC Fairprice b) Cheers c) Sheng Siong Supermarket d) Giant hypermarket
Japan's government had banned the import of chicken from China. What factor of business environment is this?
a) Political and legal b) Economic c) Technological d) Social
David is the owner of the shoe factory. What type of business resource is he to the business?
a) Land b) Capital c) Labour d) Enterprise
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