SDC Intro to Business Practice Test

SDC Intro to Business Practice Test

Assessment

Flashcard

Business

12th Grade

Hard

Created by

Wayground Content

FREE Resource

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50 questions

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1.

FLASHCARD QUESTION

Front

The amount that a company must pay to either borrow money or to owners as a return on their investment is called:

Back

Cost of Capital

2.

FLASHCARD QUESTION

Front

The process of coordinating people and other resources to achieve the goals of an organization is called

Back

Management

3.

FLASHCARD QUESTION

Front

involves creating a vision for others to follow, establishing corporate values and ethics, and transforming the way an organization does business so that it is more effective and efficient.

Back

Leadership

4.

FLASHCARD QUESTION

Front

Generally, when the money supply (M1) grows faster than the economy itself, the result is:

Back

Inflation

5.

FLASHCARD QUESTION

Front

Which of the following is NOT a core activity in a supply chain? Inbound Logistics, Outbound Logistics, Procurement, Retail Management

Back

Retail Management

6.

FLASHCARD QUESTION

Front

A body of enforceable rules and principles of conduct is known as:

Back

Law

7.

FLASHCARD QUESTION

Front

The business plan should contain a section that describes the purpose of the business, the reason for it to exist.

Back

Mission Statement

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