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BF10 BE Units 1-6 test

Business

9th - 12th Grade

Used 14+ times

BF10 BE Units 1-6 test
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100 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

When employees are working faster or better, they are increasing their

wages.

benefits.

value.

efficiency.

2.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

A hurricane that destroys a business is an example of a(n) _______ risk.

operational

financial

strategic

hazard

3.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

A gap between unlimited wants and limited resources creates

economics.

resources.

wants.

scarcity.

4.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Seeing a movie at a theater would be considered a(n) __________ want.

economic

unlimited

limited

non-economic

5.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Which of the following statements about perfect competition is correct:

There is a limited supply of goods and services.

Businesses have a good deal of control over the market.

Products vary from seller to seller.

It is used as a benchmark to compare real market structures against.

6.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Having well-planned buildings and providing effective employee training are ways that a business can __________ business risks.

transfer

insure against

retain

prevent or control

7.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

To use resources wisely, business owners must reduce

risk.

reward.

waste.

wages.

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