Unit 1 Session 6 re-cap

Unit 1 Session 6 re-cap

12th Grade

10 Qs

quiz-placeholder

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Unit 1 Session 6 re-cap

Unit 1 Session 6 re-cap

Assessment

Passage

Business

12th Grade

Practice Problem

Medium

Created by

Andrew McColl

Used 2+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

What does the economic climate relate to?

The cultural aspects influencing business

The political situation of a country

The weather conditions affecting trade

The performance of the economy

2.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

What can be a consequence of a negative economic climate?

Increased tourism

Increased government spending

Higher rates of unemployment

Decreased cost of living

3.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

What is one of the key ways the economic climate can impact businesses?

Changing fashion trends

Unemployment

Technological advancements

Social media influence

4.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

What happens to businesses when consumer income is low?

They expand rapidly

They reduce their online presence

They see an increase in luxury goods sales

They often see sales decrease

5.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

What does inflation measure?

The decrease of prices over time

The increase of prices over time

The stability of the stock market

The number of new businesses

6.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

What is the effect of high interest rates on consumer behavior?

Increased saving

Stable consumer spending

Decreased saving

Increased borrowing

7.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

How can government taxation directly impact businesses?

By expanding their product lines

By enhancing their marketing efforts

By reducing their spending power

By increasing their operational area

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