Business Vocabulary Quiz

Business Vocabulary Quiz

9th - 12th Grade

32 Qs

quiz-placeholder

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Business Vocabulary Quiz

Business Vocabulary Quiz

Assessment

Quiz

Business

9th - 12th Grade

Practice Problem

Easy

Created by

Regina Kuhn

Used 8+ times

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32 questions

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1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is a business plan?

A business plan is a type of financial report
A business plan is a written document that describes in detail how a business is going to achieve its goals.
A business plan is a marketing strategy
A business plan is a type of employee handbook

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is the capital as it relates to a business?

Financial assets or resources used to start and operate a business
The company's logo
The CEO of the business
The physical location of the business

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is a commodity?

A raw material or primary agricultural product that can be bought and sold
A rare and valuable gemstone
A type of software used for financial analysis
A type of currency used in ancient civilizations

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is a consumer?

A person or organization that uses economic goods or services
A type of animal
A celestial body
A type of plant

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is consumption?

Consumption refers to the use of goods and services by individuals or households.
Consumption refers to the use of land by individuals or households.
Consumption refers to the use of water by individuals or households.
Consumption refers to the use of electricity by individuals or households.

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is a cooperative?

A competitive business model
A government-controlled organization
A non-profit organization
An autonomous association of persons united voluntarily to meet their common economic, social, and cultural needs and aspirations through a jointly-owned and democratically-controlled enterprise.

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is a corporation?

a business structure that protects its owners from personal responsibility for debt and liabilities

a business structure that has just one owner who pays personal income tax on profits earned from the business

a legal entity that is separate from its owners and is formed to conduct business

a business entity owned and operated for its members. Profits or earnings are distributed among its members.

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