Chapter 12

Chapter 12

9th - 12th Grade

24 Qs

quiz-placeholder

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Chapter 12

Chapter 12

Assessment

Quiz

Business

9th - 12th Grade

Medium

Created by

Teressa Stallion

Used 3+ times

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24 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Types of risk include human risk, natural risk, and economic risk.

True

False

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

It is impossible for a retail business owner to prevent or reduce shoplifting.

True

False

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

The only way to prevent employee theft is to install surveillance systems.

True

False

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

If your business experiences a loss that is covered by insurance, you will receive a premium from the insurance company in the dollar amount of your loss.

True

False

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Workers’ compensation consists of payments to workers who are injured on the job, and businesses are required by law to provide it.

True

False

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

A company’s credit policies should specify to whom credit will be extended, what products may be purchased on credit, and what the terms of the credit will be.

True

False

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Extending credit to customers will help increase both sales and profits.

True

False

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