Intro to Bus. Unit 1 Test

Intro to Bus. Unit 1 Test

12th Grade

50 Qs

quiz-placeholder

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Intro to Bus. Unit 1 Test

Intro to Bus. Unit 1 Test

Assessment

Quiz

Business

12th Grade

Practice Problem

Hard

Created by

Amanda Taylor

Used 2+ times

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50 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A business is an organization that strives for a profit by providing goods and services desired by its customers.

True
False

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The major difference between a good and a service is how the producer uses the factors of production to create each.

True
False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Not-for-profit organizations have the same goals as for-profit organizations.

True
False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Business owners and managers have a great deal of control over the internal environment of business, which covers the day-to-day business decisions.

True
False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

It takes four consecutive quarters of decline in the GDP for economists to consider the economy to be in a recession.

True
False

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The Federal Reserve System can print money and raise taxes.

True
False

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an example of a business?

A. Jack & Jill, a specialty clothing store for young children
B. Wal-Mart
C. Ford Motor Company
D. Lawson & Tyler law offices
E. all of the above

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