
Chapter 1 - 3 0f Business Essentials
Authored by Ndinanake Udom
Education
11th Grade
Used 2+ times

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24 questions
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1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Information systems, electronics, and telecommunications would be regarded as part of the _______
environment.
technological
political-legal
sociocultural
global business
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Domination of a few large sellers with a high entry barrier represents?
Monopoly
Monopsony
Sellers union
Oligopoly
3.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
The economic system in which the government owns and operates all factors of production and makes
all business decisions is known as
Capitalism
Mixed market
Communism
None of the above
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What economic system best describes the Canadian economy
Capitalism
Communism
Mixed market
Socialism
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Angelica and Kotomi own a coffee shop in Vancouver. Business is great and they decide to enlarge their building so they can accommodate more customers. They are operating in a ________ economy
Planned
Socialist
Privatized
Market
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In a command economic system private individuals own and allocate the factors of production
True
False
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Personal code of ethics is influnced by 3 factors. One of such influence is
Race
Peer Group
Wealth
Education
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