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Multinationals and Conglomerates Are Forms of Businesses. State

This document contains a business quiz with 6 multiple-choice questions covering various business concepts: 1) The differences between multinationals and conglomerates, and the reasons for and advantages/disadvantages of becoming a multinational. 2) The differences between a planned economy and a free market economy. 3) The responsibilities of suppliers, employees, and government to businesses and the consequences of not meeting those responsibilities. 4) The impact of applying information technology to production methods on employees. 5) Why it is more difficult for private limited companies to sell shares than public limited companies. 6) Why sole traders do not have limited liability.

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yuvita
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62 views

Multinationals and Conglomerates Are Forms of Businesses. State

This document contains a business quiz with 6 multiple-choice questions covering various business concepts: 1) The differences between multinationals and conglomerates, and the reasons for and advantages/disadvantages of becoming a multinational. 2) The differences between a planned economy and a free market economy. 3) The responsibilities of suppliers, employees, and government to businesses and the consequences of not meeting those responsibilities. 4) The impact of applying information technology to production methods on employees. 5) Why it is more difficult for private limited companies to sell shares than public limited companies. 6) Why sole traders do not have limited liability.

Uploaded by

yuvita
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Principles of Business Quiz 1 Form 5___ Name: ____________________________

1. Multinationals and Conglomerates are forms of businesses. State:


(a) A difference between the 2 types of businesses. (1 mark)
_____________________________________________________________________________________
_____________________________________________________________________________________
_____________________________________________________________________________________

(b) A reason for becoming a multinational. (1 mark)


_____________________________________________________________________________________

(c) 1 advantage and 1 disadvantage of multinationals. (2 marks)


_____________________________________________________________________________________
_____________________________________________________________________________________
_____________________________________________________________________________________

2. Outline 2 differences between a planned economy and a free market economy. (4 marks)
_____________________________________________________________________________________
_____________________________________________________________________________________
_____________________________________________________________________________________
_____________________________________________________________________________________

3. Suggest 1 responsibility of the following persons to the business and state 1 consequence of not
adhering to the responsibility: (6 marks)
(a) Suppliers
_____________________________________________________________________________________
_____________________________________________________________________________________
_____________________________________________________________________________________

(b) Employees
_____________________________________________________________________________________
_____________________________________________________________________________________
_____________________________________________________________________________________

(c) Government
_____________________________________________________________________________________
_____________________________________________________________________________________
_____________________________________________________________________________________

4. Explain the impact on employees due to the application of IT into production methods. (2
marks)
_____________________________________________________________________________________
_____________________________________________________________________________________
_____________________________________________________________________________________

5. Why is it difficult for Private Ltd. Companies to sell shares as compared to Public Ltd.? (2 marks)
_____________________________________________________________________________________
_____________________________________________________________________________________
6. Why don’t sole traders have limited liability? (2 marks)
_____________________________________________________________________________________
_____________________________________________________________________________________
_____________________________________________________________________________________

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