Principles of Business-Oct Assessment

Principles of Business-Oct Assessment

10th Grade

30 Qs

quiz-placeholder

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Principles of Business-Oct Assessment

Principles of Business-Oct Assessment

Assessment

Quiz

Business

10th Grade

Practice Problem

Medium

Created by

RHONDA ALLEN

Used 17+ times

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30 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

All are characteristics of money EXCEPT

Durable

Scarce

Portable

Aesthetics

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the oldest form of commerce, dating back to the time before hard currency even existed

Barter System

Money

Surplus

E-Commerce

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

__________ is primarily a medium of exchange or means of exchange. It is a way for a person to trade what he has for what he wants.

Barter System

Money

Surplus

E-Commerce

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

4. Which is NOT a benefit of Barter

Medium of Exchange

Indivisibility of Certain Goods

Store of value

Flexibility in bartering

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Select the type of commodity used as money throughout history

Bill of exchange

Pearls

Fiat money

Standing order

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Jones is considering to partner with Lilly to start a business. an advantage of Partnership is __________.

There will be more capital available to start the business.

All partners are required to do work.

The decision making process may be time consuming.

Not all partners are liable

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which form of business arrangements has 2- 20 partners

Public Ltd Company

Private sector

Partnership

Public sector

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