POBF Unit 5 Part II

POBF Unit 5 Part II

9th - 12th Grade

20 Qs

quiz-placeholder

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POBF Unit 5 Part II

POBF Unit 5 Part II

Assessment

Quiz

Business

9th - 12th Grade

Medium

Created by

David Newcomer

Used 43+ times

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20 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which represents a natural risk for the owner of a delivery service?

snowstorm

accident

rising prices

government intervention

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A business selects goods or services to sell. Which type of risk is this business using?

transferring risk

controlling risk

bypassing risk

avoiding risk

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which situation would most likely indicate the need to adapt to changes in the business environment?

the supply of materials used in manufacturing a product decreased

the number of the business's competitors has decreased

the demand for the product is stable

the business has experienced little employee turnover during the past year

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Three primary factors that affect the organizational structure of a business include interpersonal relationships, tasks, and:

injunction

authority

initiative

attrition

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Businesses that successfully adapt to current market situations often realize that

cutting costs is important

more financing is necessary

diversification is the key

change is an opportunity

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A U.S. company would decide to offer its products in other countries as a reason to:

subsidize developing countries

sell obsolete, outdated products

expand to new, untapped markets

provide jobs to people in other countries

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which is an example of ethical business behavior?

testing products to ensure they are safe to use

accepting a bribe from a prominent customer

using advertisements to confuse customers

disclosing partial information about products

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