Fourth Form T1 - End of Term MC - Dec 2021

Fourth Form T1 - End of Term MC - Dec 2021

9th - 12th Grade

60 Qs

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Fourth Form T1 - End of Term MC - Dec 2021

Fourth Form T1 - End of Term MC - Dec 2021

Assessment

Quiz

Business

9th - 12th Grade

Practice Problem

Hard

Created by

Carla Walcott

Used 3+ times

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60 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The following are characteristics of the business except:

Exchange of goods and services

profit is the main objective

business skills for success

profit is not the main objective

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The following are characteristics of money except:

Limited supply

over supply

divisibility

durability

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Representative money is money backed by:

the citizens

the government and the banks

nobody

the foreigners

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Fiat money is money where the value is determined by

a government decree or law

metal

barter

customers

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The following are functions of money except:

store of value

medium of exchange

unit of account

loans

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The following are instruments of exchange except:

credit cards

debit cards

money order

commodities

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The sole proprietorship form of organization is one that is owned by:

one person

the government

a group of investors

a mixture of public and private companies

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