FPII Unit 4 4.01 Test

FPII Unit 4 4.01 Test

9th - 12th Grade

10 Qs

quiz-placeholder

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FPII Unit 4 4.01 Test

FPII Unit 4 4.01 Test

Assessment

Quiz

Business

9th - 12th Grade

Practice Problem

Medium

Created by

Cheryl Albright

Used 10+ times

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10 questions

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1.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Which is an example of an external factor that might affect the business environment?

Staff members are reassigned duties

The business develops a new product

The government implements new regulations

The business improves its information systems

2.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Businesses are affected by social factors in the external environment because:

customer needs are also affected by these factors

a business must use social networking to survive

every business creates consumers products

customers no longer value quality

3.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Jonathan has some extra money to spend this month, so he purchases an iPad. He wants it only to play games on, making it a:

consumer staple

discretinary item

poor buying decision

technological product

4.

MULTIPLE SELECT QUESTION

5 mins • 1 pt

Industry associations differ from regulatory agencies in that they:

exist to make a profit

lack government authority

are formed only for social purposes

have been created to protect consumes

5.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

How does technology affect a business's customers

It makes them sprend more money

It influences what they want and need

It emphasizes certain cultural differences

It distracts them from making infomred buying decisions

6.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Every new business owner must pay attention to forces operating outside the company that affect its chances for success. These forces are referred to as:

the external environment

cultural intelligence

demographics

competition

7.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

When an economy is struggling, consumers are less likely to make discretionary purchases. Which is an example of a discretionary item?

food

clothing

vacation

medical care

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