Business

Business

5th Grade

30 Qs

quiz-placeholder

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Business

Business

Assessment

Quiz

Business

5th Grade

Medium

Created by

Royan Barnaby

Used 5+ times

FREE Resource

30 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Private enterprise is run MAINLY to

create profit

reduce inflation

provide jobs for more people

distribute goods and services fairly

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The MAIN role of the human resource

department of an organization is to

produce magazines highlighting

outstanding workers

promote recreational activities for

workers

assist employees in understanding

industrial relations

recruit qualified employees

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A system involving the exchange of goods depending on the ‘double coincidence of wants’ is known as

equal exchange

specialization

barter

money

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A post-dated cheque is one which is dated

for payment at a future date

no later than six months ago

by the bank on the day the cheque

is presented for payment

to agree with the date of the document requesting payment

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following practices are characteristic of a free economy?

I. Private ownership of assets

II. Central planning

III. Price-fixing

IV. Freedom of contract

I and IV only

I and III only

II and III only

II and IV only

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following responsibilities must be assumed by the management of a company?

I. Producing goods of a marketable quality

II. Maximizing efficiency and creating

surpluses

III. Determining dividends to be paid to

shareholders

I, II and III

I and II only

II and III only

I and III only

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The primary role of the Human Resource Department of a firm is to

seek training opportunities for employees

represent employees in industrial relations

recruit, train and motivate workers

discipline employees who breach regulations

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