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EBS Chapter 1
Test Description: EBS Chapter 1
Instructions: Answer all questions to get your test result.
1) Which business is a goods-producing type of business?
A
Clinic
B
Tuition centre
C
Massage parlour
D
Mushroom farm.
2) What type of business resource is sales assistant to the business?
A
Capital
B
Enterprise
C
Labour
D
Land
3) What is trade credit from suppliers?
A
Selling to customers on credit.
B
Selling goods to suppliers and suppliers pay at a later date.
C
Buying goods from suppliers but pay at a later date.
D
Buying goods from suppliers and pay immediately.
4) What type of business resource is office buildings to the business?
A
Capital
B
Labour
C
Land
D
Enterprise
5) Businesses are affected by how well the economy is doing. What factor of business environment is this?
A
Economic
B
Political and legal
C
Global
D
Demographic
6) New computer softwares had been developed to help improve business. What factor of business environment is this?
A
Demographic
B
Global
C
Social
D
Technological
7) Financial crisis in the United States had affected the world's import and export. What factor of business environment is this?
A
Economic
B
Political and legal
C
Global
D
Social
8) Which business is a direct competitor of 7-Eleven convenience store?
A
Cheers
B
Giant hypermarket
C
Sheng Siong Supermarket
D
NTUC Fairprice
9) Japan's government had banned the import of chicken from China. What factor of business environment is this?
A
Political and legal
B
Technological
C
Economic
D
Social
10) David is the owner of the shoe factory. What type of business resource is he to the business?
A
Land
B
Enterprise
C
Labour
D
Capital
*select an answer for all questions
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