Introduction to Business Tutorial 1

Introduction to Business Tutorial 1

1st Grade

15 Qs

quiz-placeholder

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Introduction to Business Tutorial 1

Introduction to Business Tutorial 1

Assessment

Quiz

Business

1st Grade

Hard

Created by

NURUL YUSOF

Used 9+ times

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15 questions

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1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

The study of the national economy and the global economy is called _______.

microeconomic

macroeconomic

strategic company

comprehensive economy

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

_________ is an economic system in which individuals own and operate the majority businesses that provide goods and services.

capitalism

socialism

mix economy

islamic economy

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Listed below are the factors of production in business, EXCEPT:

consumer

capital

entrepreneurship

land and natural resources

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

The right to own land, to keep the majority of the profits, the right of freedom of competition and the right to freedom of choice are features of which economic system?

socialism

capitalism

marxism

communism

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

A market that has only one seller due to barrier created to avoid other firms from entering the market is called ______.

perfect competition

oligopoly

monopoly

monopolistic competition

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

“Imposed solely to generate income for the government”

The above statement refers to the ___________________.

export tariff

import tariff

revenue tariff

protective tariff

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Principles that contains behavioural codes to determine what is right, what is wrong”

 

This statements defines ________.

human personality

behavior

ethics

human rights

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