Here’s a sample test paper for a Higher Certificate in Business Studies (South Africa). This test covers
key topics like Business Management, Marketing, Economics, Communication, and Financial Literacy.
HIGHER CERTIFICATE IN BUSINESS STUDIES
TEST PAPER
Duration: 2 Hours
Total Marks: 100
SECTION A: MULTIPLE-CHOICE QUESTIONS (20 MARKS)
(Choose the correct answer: A, B, C, or D.)
What is the primary function of management in a business?
A) Selling products
B) Organizing, planning, leading, and controlling
C) Maximizing profits only
D) Hiring employees
A business's target market is:
A) The entire population
B) The group of consumers most likely to buy its products/services
C) Only loyal customers
D) Competitors in the industry
Which of the following is not a financial statement?
A) Balance Sheet
B) Income Statement
C) Business Plan
D) Cash Flow Statement
The 4Ps of marketing are:
A) Product, Place, Price, Promotion
B) Planning, Promotion, Process, Profit
C) People, Product, Price, Positioning
D) Price, Production, Packaging, Publicity
Which of the following is a long-term source of finance?
A) Overdraft
B) Trade credit
C) Bank loan
D) Retained earnings
(Continue with 15 more multiple-choice questions covering business functions, communication,
economics, and financial literacy.)
SECTION B: SHORT QUESTIONS (30 MARKS)
Define entrepreneurship and provide two characteristics of a successful entrepreneur. (5 marks)
Explain the difference between formal and informal business sectors. (5 marks)
Identify and briefly describe three types of business ownership. (6 marks)
key topics like Business Management, Marketing, Economics, Communication, and Financial Literacy.
HIGHER CERTIFICATE IN BUSINESS STUDIES
TEST PAPER
Duration: 2 Hours
Total Marks: 100
SECTION A: MULTIPLE-CHOICE QUESTIONS (20 MARKS)
(Choose the correct answer: A, B, C, or D.)
What is the primary function of management in a business?
A) Selling products
B) Organizing, planning, leading, and controlling
C) Maximizing profits only
D) Hiring employees
A business's target market is:
A) The entire population
B) The group of consumers most likely to buy its products/services
C) Only loyal customers
D) Competitors in the industry
Which of the following is not a financial statement?
A) Balance Sheet
B) Income Statement
C) Business Plan
D) Cash Flow Statement
The 4Ps of marketing are:
A) Product, Place, Price, Promotion
B) Planning, Promotion, Process, Profit
C) People, Product, Price, Positioning
D) Price, Production, Packaging, Publicity
Which of the following is a long-term source of finance?
A) Overdraft
B) Trade credit
C) Bank loan
D) Retained earnings
(Continue with 15 more multiple-choice questions covering business functions, communication,
economics, and financial literacy.)
SECTION B: SHORT QUESTIONS (30 MARKS)
Define entrepreneurship and provide two characteristics of a successful entrepreneur. (5 marks)
Explain the difference between formal and informal business sectors. (5 marks)
Identify and briefly describe three types of business ownership. (6 marks)
