Question 1

What type of purchase would you be making for things that are of value to a business, such as machinery or buildings? They are assets to a business, and their value depreciates over time.

Options :

A : Capital purchase

B : Revenue purchase

Answer: A

Question 2

All parties must have the _______ that their agreement can be enforced by civil law, i.e. if something goes wrong, one party can take legal action against the other.

Options :

A : Acceptance

B : Capacity

C : Consideration

D : Intention

E : Offer

F : Signature

Answer: D

Question 3

There are three sectors that all business activity fits into, which sector is concerned with extracts raw materials from the Earth? (e.g. mining coal, drilling oil, extracting metal, farming crops and fishing)

Options :

A : Primary sector

B : Quaternary sector

C : Secondary sector

D : Tertiary sector

Answer: A

Question 4

What does the term OEM stand for?

Options :

A : Original engineering maker

B : Original engineering manufacturer

C : Original equipment maker

D : Original equipment manufacturer

Answer: D

Question 5

What 3 elements should be included in a company’s CSR policy?

Options :

A : Environment

B :

Ethics

C : Social

D : Suppliers

Answer: A,B,C

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