Local & Global Business Quiz

What is the Chamber of Commerce?

• A governmental agency dedicated to helping small businesses and entrepreneurs succeed.

• An association of business people that promote the commercial interests of a community.

• A nonprofit organization that provides monitoring services to businesses and charities.

• A nonprofit association helping small business start-ups and entrepreneurs.

What is the primary purpose of the Better Business Bureau (BBB)?

• To help stimulate rural or urban disadvantaged economies.

• To provide a wide variety of information and small business guidance.

• To promote the commercial interests of a community.

• To provide monitoring services to businesses and charities and benefit both businesses and consumers.

What is an Enterprise Zone?

• A geographic area where businesses receive favorable tax credits, financing, or other incentives.

• An association of business people that promote the commercial interests of a community.

• A governmental agency dedicated to helping small businesses and entrepreneurs succeed.

• A nonprofit association helping small business start-ups and entrepreneurs.

What does the Small Business Administration (SBA) do?

• Provides a wide variety of information and small business guidance.

• Converts one currency to another.

• Plans and manages the flow of goods, services, and people to a destination.

• Ships products made in one country to another country for future sale.

What is the role of the Service Corps of Retired Executives (SCORE)?

• To convert one currency to another.

• To plan and manage the flow of goods, services, and people to a destination.

• To help small business start-ups and entrepreneurs.

• To ship products made in one country to another country for future sale.

What is the definition of Exchange Rate?

• The rate at which goods and services are shipped from one country to another.

• The rate at which one currency can be converted to another.

• The rate at which businesses receive tax credits and financing.

• The rate at which information and guidance are provided to small businesses.

What does Logistics involve?

• Converting one currency to another.

• Providing monitoring services to businesses and charities.

• Planning and managing the flow of goods, services, and people to a destination.

• Helping small business start-ups and entrepreneurs.

What is Exporting?

• Bringing products made in one country into another country for future sale.

• The rate at which one currency can be converted to another.

• Planning and managing the flow of goods, services, and people to a destination.

• Shipping products made in one country to another country for future sale.

What is the opposite of Exporting?

• Logistics

• Exchange Rate

• Importing

• Enterprise Zone

What is a Supply Chain?

• A series of steps that a company takes to go public.

• The businesses, people, and activities involved in turning raw materials into products and delivering them to end users.

• A financial strategy for reducing taxation.

• A method of distributing software to various devices.