FPII: Unit 4

FPII: Unit 4

9th - 12th Grade

•

26 Qs

quiz-placeholder

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FPII: Unit 4

FPII: Unit 4

Assessment

Quiz

•

Business

•

9th - 12th Grade

•

Practice Problem

•

Medium

Created by

Brandy McKnight

Used 7+ times

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26 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 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

30 sec • 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 consumer products.

customers no longer value quality.

3.

MULTIPLE CHOICE QUESTION

30 sec • 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.

discretionary item.

poor buying decision.

technological product.

4.

MULTIPLE CHOICE QUESTION

30 sec • 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

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does technology affect a business's customers?

It makes them spend more money.

It influences what they want and need.

It emphasizes certain cultural differences.

It distracts them from making informed buying decisions.

6.

MULTIPLE CHOICE QUESTION

30 sec • 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 consumers.

7.

MULTIPLE CHOICE QUESTION

30 sec • 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.

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