Topic 1 Exam Part I-7th Period

Topic 1 Exam Part I-7th Period

11th - 12th Grade

24 Qs

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Topic 1 Exam Part I-7th Period

Topic 1 Exam Part I-7th Period

Assessment

Quiz

Business

11th - 12th Grade

Easy

Created by

Sheri Smith

Used 1+ times

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24 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

The Ansoff Matrix suggests four possible methods of growth. Which of the following is not an option?

Product Orientation

Market Penetration

Market Development

Diversification

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Objectives are

The purpose of a firm's existence

What a business wants to achieve

Long-term goals of an organization

Qualitative statement of direction

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

A non-profit that operates in the private sector

Charity

Non-Profit Organization

Non-Governmental

NPO

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

The _____________ sector of the economy is owned by individuals. The ____________sector is controlled by the government.

Private, Public

Tertiary, Primary

Public, Private

Secondary, Primary

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

The high-risk growth option where firms operate in an unknown market with unfamiliar products is

Market Orientation

Market Penetration

Diversification

Product Development

6.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Internal stakeholders include

Creditors

Competitors

Shareholders

Government

7.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Average costs can be lowered if a firm produces a range of related products

Increase returns to scale

Diversification

Economies of Scale

Diseconomies of Scale

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