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Business Review Part 1

Authored by Samantha Sinclair

Business

9th - 12th Grade

Used 3+ times

Business Review Part 1
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25 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Managers usually find greater employee respect and support for work rules when which of the following situations occur?

each individual is treated differently

employees help to develop the rules

the work rules are part of a union contract

the rules are only applied to serious problems

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In the business world, strategic planning is defined as which one of the following?

short-term planning

determines how work will be done and who will do it

provides broad goals and direction for the entire business

short, specific statement of the purpose and direction of the business

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the accounting equation?

assets = liabilities + depreciation

liabilities = assets + depreciation

assets = liabilities + owner's equity

liabilities = assets + owner's equity

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which federal agency helps small firms get loans under special conditions?

Bank Loan Administration

Federal Reserve Administration (FRA)

Small Business Administration (SBA)

Consumer Protection Administration

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Name the type of corporation which operates to accomplish a specific mission - other than to earn income.

for profit

non-profit

S corporation

chapter 7 LLC

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Someone who organizes, manages, and assumes the risks of starting a business is known as a:

director

entrepreneur

officer

trader

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When considering a credit card offer from Kensington Bank with a 5% cashback program, which question is essential to evaluate the offer's value?

Can I get a debit card along with a new credit card?

Is there an annual fee on this credit card and how much is it?

Can I choose the picture that is on the front of my credit card?

Who does Kensington Bank use as their spokesperson in the commercial?

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