Business Quiz

A business that engages in finance, sales, or reselling is a __________ business

• commercial

• service

• industrial

• financial

If two firms in the same line of business merge together, it is known as ________ merger

• Horizontal

• Vertical

• Conglomerate

A horizontal bar chart that shows project tasks against a calendar is called

• Milestone

• Gantt chart

• PERT chart

Limited Liability in Partnership has been introduced after seeking inspiration from

• Sole Proprietorship

• Company or Corporation

• Both (A) and (B)

The net wealth of the aggregate economy is equal to the sum of

• All real assets.

• All financial assets.

• All physical assets.

• All real and financial assets.

Which is a principle in economics?

• People need only food and water
• People have unlimited needs, limited wants
• People have unlimited wants
• People have unlimited resources

Which is NOT an example of a good?

• steel
• power
• automobiles
• aircraft parts

Which is NOT a renewable natural resource?

• timber
• oil
• water
• solar energy

Which is an example of a capital resource?

• high-skilled professional staff
• mineral deposits
• building and land
• educational prerequisites

In capitalism, who decides the price of goods for sale?

• the state
• company workers
• the market
• the C.E.O.