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SEM Chapter 2 TEST

Authored by Misty Rather

Life Skills

9th - 12th Grade

Used 4+ times

SEM Chapter 2 TEST
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38 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The study of economics of the entire society is referred to as

macroeconomics

microeconomics

economic utility

social economics

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Risks can be classified as controllable, insurable, and involving gain or losses.

True

False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Forecasting involves

purchasing and promotion

pricing and ticket sales

predicting costs and revenue

planning, distribution, price and advertising

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Worldwide distribution revenue is critical for movie profits.

True

False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The greatest reason for being in business is

the challenge

the profit motive

the tax write off

the lack of competition

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Movie ticket sales in the United States have increased each year for more than a decade.

True

False

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

_____________ is the possibility of financial gain, loss, or personal injury.

Insurance

Risk

Risk transfer

Liability

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