WSS Secondary Section GRADE : 9

Extended task Subject : Business Studies

Teacher: Ms. Mural Revision questions-unit 1-4

1. What is meant by the term ‘sole trader’? (2)

2. A nursery school is classified as a tertiary sector activity. Identify two other examples of
businesses that are also in the tertiary sector. (2)
3. Identify and explain two advantages of having a business partner. (4)
4. Identify and explain two disadvantages of having a business partner. (4)
5. Define Private sector. (2)
6. Outline 2 ways ABC could increase added value. (2)
7. Identify 4 external stakeholder groups. (4)
8. Explain what is meant by scarcity when referring to the economic problem. (2)
9. List 4 factors of production. (2)
10. Explain with one example the meaning of opportunity cost. (2)
11. What is meant by division of labour? (2)
12. Why a business likely to increase output if it adopts division of labour (2)
13. State 2 benefits to society of business activity? (2)
14. What is meant by Entrepeneur ?[2]
15. Identify two benefits of starting own business.[2]
16. Identify and explain two characteristics that lead to success of business.[4]
17. What is meant by ‘Takeover’? [2]
18. Identify two other ways a business might grow apart from takeovers. [2]
19. Identify two ways that a Government could help new businesses to start up. [2]
20. What is meant by business Partnership?(2)
21. What is meant by the term Public Limited Company?(2)
22. What is meant by labour intensive?(2)
23. What are the 2 ways of measuring the size of business? (2)
24. What is meant by business Plan?(2)
25. Define Opportunity cost. (2)