Fall Semester2020 Final
Authored by Wanda Henley
Business
9th Grade
Used 6+ times
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30 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A(n) ___________ is an individual who accepts the risks and opportunities entailed by creating and operating a new business.
proprietor
partner
entrepreneur
officer
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A(n) ________________ is a nation's basis for allocating it resources among its citizens.
capital structure
economic system
distribution network
ownership system
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following responses best defines the term demand?
willingness and ability of buyers to purchase a product, good, or service
an inner desire that must be satisfied
an order given to a supplier of a much-needed product
a want and need felt by the consuming public in a free-market system
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The term "supply" as encountered in the textbook is best defined as
giving something to someone who needs if.
the number of items a firm may have in its inventory at a given time.
the area of a firm in which it keeps it wholesale stock for future use.
willingness and ability of producers to offer a good or service for sale.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
______________ are beliefs about what is right and wrong or good and bad.
Motivators
Cultures
Collusion
Ethics
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Behavior that conforms to individual beliefs and social norms about what is right and good is referred to as______
collusion
social reaction
ethical behavior
GAAP
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Ethics are based on individual beliefs and social concepts and vary from
person to person
situation to situation
culture to culture
all of the above
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