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Business Management 2025 Exam Questions with Correct Answers
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Business Management 2025 Exam Questions with Correct Answers
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Business Management 2025 Exam Questionswith Correct Answers
BusinessA-ACORRECTAANSWERA-
IsAanAorganisationAthatAprovidesAgoodsAand/orAservicesAtoAconsumersAinAorderAtoAmakeAaAprofit.
ProfitA-ACORRECTAANSWERA-
IsAachievedAwhenAtheAincomeAearnedA(revenue)AisAgreaterAthanAtheAcostsAofAproductionA(expenses).
TypesAofAOrganisationsA-ACORRECTAANSWERA-For-ProfitAandANon-For-Profit
For-ProfitAOrganisationA-ACORRECTAANSWERA-
TheAobjectiveAisAtoAmakeAaAprofit.AThisAtypeAofAorganisationAcanAbeAownedAbyAaAsingleAowner,AaAgroupAofA
ownersAorAshareholders.
Non-For-ProfitAOrganisationA-ACORRECTAANSWERA-
InAthisAorganisation,AtheirAobjectiveAisAtoAachieveAaAsocialAmission.AManyAofAthesesAtypesAofAorganisationsA
helpApeopleAinAneedAofAfood,Ashelter,AmedicalAattentionAorAfinancialAassistance.AGenerally,AtheyAraiseAgetA
moneyAbyAusingAfundraisersAorAotherAmethodsAofAgettingAmoneyAfromAtheApublic.ATheyAareAnotAownedAby
AanyoneAapartAfromAtheAorganisationsAstakeholders.
MarketAShareA-ACORRECTAANSWERA-
TheAbusiness'sAshareAofAtheAtotalAindustryAsalesAforAaAparticularAproduct
MultinationalACorporationA-ACORRECTAANSWERA-
AAcompanyAthatAhasAbranchesAinAmanyAdifferentAcountries.
SoleATraderA-ACORRECTAANSWERA-
AAbusinessAthatAisAownedAandArunAbyAoneApersonAwhoAgetsAallAtheAprofits.
SmallASizedABusinessA-ACORRECTAANSWERA-
LessAthanA20Aemployees.AIndependentlyAownedAandAoperated.ATheAmarketAshareAisAsmall,AusuallyAlocalAar
ea;AnotAdominantAinAtheAindustry.ASetAupAasAaAsoleAtrader,AorApartnership.AOwner/sAresponsibleAforAmajori
tyAofAdecisions;AsimpleAandAquickAimplementationAofAdecisions.AOwnerAhasAaccessAtoAfinanceA(usuallyAfro
mAownAsavingsAorAaAloan);AdifficultyAinAaccessingAloans.
, MediumASizedABusinessA-ACORRECTAANSWERA-
BetweenA20AandA199Aemployees.AOwnedAandAoperatedAbyAaAfewApeopleAand/orAprivateAshareholders.ATh
eAmarketAshareAisAmedium-
sized,AdueAtoAdominanceAwithinAaAgeographicAregion;AsomeAmarketAdominance.AGenerallyAsetAupAasAaApar
tnershipAorAprivateAcompany.AOwnerAisAresponsibleAforAmajorityAofAdecisions;AmoreAcomplicatedAdecision
AmakingAwithAslowerAimplementation,AdueAtoAinfluenceAofAdirectors.AFinanceAcomesAfromAtheAownersAan
dApartnersApersonalAsavingsAorAaAloanAand/orAprivateAshareholders;AeasierAaccessibilityAtoAlargerAloans.
LargeASizedABusinessA-ACORRECTAANSWERA-
HasA200AorAmoreAemployees.AOwnedAusuallyAbyAthousandsAofApublicAshareholders.ALargeAmarketAshare,Ae
speciallyAforAmultinationalAcorporationsAthatAdominateAtheAmarketsAofAmanyAcountries.AMostAoftenAaApub
licAcompany.AComplexAdecisionAmaking,AdueAtoAdivisionAofAresponsibilitiesAamongAdirectors,AseniorAandAm
iddleAmanagement;ApossiblyAslowAimplementationAofAdecisions,AdueAtoAtheAlayersAofAmanagementA.AHasA
aAboardAandACEO.AFinanceAcomesAfromAmanyAsources,AincludingAcashAreserves,AretainedAprofit,AsaleAofAsh
ares,AandAloansAfromAdomesticAandAoverseasAinstitutions.
ObjectiveA-ACORRECTAANSWERA-StatesAwhatAanAorganisationAexpectsAtoAachieveAoverAaAsetAperiod
ReturnAonAInvestmentA-ACORRECTAANSWERA-
IsAaApositiveAorAnegativeApercentageAthatArelatesAtheAmoneyAgainedAorAlostAonAanAinvestmentAtoAtheAcostA
ofAthatAinvestment.AItAisAusuallyAtakenAtoAmeanAthatAtheAreturnAonAtheAinvestmentAoccursAoverAaA12-
monthAperiod.
PersonalAObjectivesAe.g.A-ACORRECTAANSWERA-
BecomeAaAknownAbusiness,AmakeAaAprofit,AgetArich,AenjoyAwork,AcreateAanAenjoyableAworkingAenvironme
nt
EconomyA-ACORRECTAANSWERA-
IsAaAsystemAsetAupAtoAdetermineAwhatAtoAproduce,AhowAtoAproduceAandAtoAwhomAproductionAwillAbeAdistr
ibuted.
EconomicAGrowthA-ACORRECTAANSWERA-
OccursAwhenAtheArealAvalueAofAgoodsAandAservicesAincreasesAoverAaAsetAperiodAofAtime
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