
Chapter 16 Review
Quiz
•
Physical Ed
•
KG
•
Medium
Brian Edmonds
Used 2+ times
FREE Resource
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19 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In a ___, people are free to choose what they buy, what they produce and sell, and where they work.
Communist country
free enterprise system
bartering system
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A ___ focuses on how one should advertise and promote a business.
financial plan
marketing plan
business plan
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
__ is a written outline of a business venture that describes all aspects of the business.
business plan
financial plan
marketing plan
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A ___ outlines the essential financial elements for starting and running a business.
business plan
financial plan
marketing plan
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT one of the 4 guidelines you should follow when setting financial/personal goals.
be realistic
make you super rich
be specific
a clear time frame of when you will reach the goal
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT one of the two things a business must do to survive.
operate at a profit
attract and keep individuals who are willing to take the risk of running the business
take out loans to pay for business expenses
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
a systematic process of recording and reporting the financial position of a business.
assets
accounting
profit margin
transaction
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