EBS Chapter 1 Question Preview (ID: 6832)


EBS Chapter 1. TEACHERS: click here for quick copy question ID numbers.

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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