Private enterprise is run MAINLY to
Business

Quiz
•
Business
•
5th Grade
•
Medium
Royan Barnaby
Used 5+ times
FREE Resource
30 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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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