Question 1
Which type of business organisation has unlimited liability and is owned by one person?
Correct Answer:
Sole trader
Question 2
Which feature is unique to a public limited company (PLC) compared with a private limited company (Ltd)?
Correct Answer:
Shares are traded on the stock exchange
Question 3
A farmer growing wheat operates in which sector of industry?
Correct Answer:
Primary
Question 4
Which is the most likely objective for a charity such as Oxfam?
Correct Answer:
Provide a social benefit
Question 5
A bakery buys a flour mill to secure its supply of flour. This is an example of:
Correct Answer:
Backward vertical integration
Question 1
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About this Exam

Prepare with the National 5 Business Management Practice Questions - Scottish National 5 Business Management Exam practice quiz. This question bank includes 100 questions covering business, market, described, product, and price. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

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National 5 Business Management Practice Questions - Scottish National 5 Business Management Exam

This practice set contains 100 questions from the matching question bank and focuses on business, market, described, product, and price. Work through each question carefully, review the provided solutions, and revisit topics that need more study before your next attempt.

This is an independent study resource intended for practice and review; it is not an official examination or an endorsement by any organization named in the title.

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