Wise Remediation Test

Wise Remediation Test

10th Grade

50 Qs

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Wise Remediation Test

Wise Remediation Test

Assessment

Quiz

Business

10th Grade

Medium

Created by

Steven Dent

Used 26+ times

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50 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

In order for a contract between two parties to be legally binding, one party must make an offer and the other party must accept the offer. This offer and acceptance meet the __________ provision.

consideration

competent parties 

jurisdiction 

agreement 

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Which of the following is an example of involuntary debt:

Automobile loan 

Court judgment lien 

Fixed-rate mortgage 

Unsecured line of credit 

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

The president of an international company tells reporters at a press conference that the company is doing well and will be meeting quarterly projections. Investors jump on the stock as a sound investment, driving the price of the stock up. On the side, the president sells her/his shares in the company. When the company's financials are released, the truth comes out: the company is in bad financial shape. The president of the company is guilty of

Phishing

Pyramid [PONZI] scheme

Affinity fraud

Insider trading

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

What are producers most likely to do if they decide their incomes are inadequate?

Choose not to make goods and services

Continue to increase production

Choose not to supply needed resources

Continue to buy more resources

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Why is deflation bad for the economy?

It raises prices for both consumers and businesses. 

It causes shortages of goods.

It encourages too much spending

It reduces output and can lead to layoffs

6.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Which of the following is a business opportunity that requires a person to purchase the right to sell an established good or service under the parent company's name:

Franchise

Incorporation

Foreign

Brokerage 

7.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Which of the following is a disadvantage of a checking account:

Overdraft protection 

Direct payroll deposit 

Account balance requirement 

Online transaction options 

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