Business Studies - Unit 6 External influences

Business Studies - Unit 6 External influences

9th - 10th Grade

20 Qs

quiz-placeholder

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Business Studies - Unit 6 External influences

Business Studies - Unit 6 External influences

Assessment

Quiz

Business

9th - 10th Grade

Practice Problem

Medium

Created by

Sharina Graeme

Used 40+ times

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20 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

External influences on a business refer to

Factors that are good for the business

Factors that are bad for a business

Factors that are outside the control of the business

Illegal actions by a business

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What do the letters GDP stand for in Business and Economics?

Gateway Discovery Protocol

General Defense Plan

Gross Domestic Product

Ground Data Processing

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The GDP of an economy measures...

The value of the nation's output

The national income

The money spent buying all of the national output

All of the above

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Income that has been adjusted to take account of inflation is called ...

Income per capita

Real income

Average income

Total Income

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Enterprise is the act of ...

Making a profit

Borrowing money

Buying shares

Taking the risk of starting a business

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Two features of an economic boom are ...

Deflation and rising unemployment

Labour shortages and inflation

Rising business investment and low consumer confidence

Rising profit levels and falling wage rates

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Profit is ...

Another name for revenue

Revenue plus costs

The income earned from sales

Revenue minus costs

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