Business Management Quiz

Business Management Quiz

12th Grade

25 Qs

quiz-placeholder

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Business Management Quiz

Business Management Quiz

Assessment

Quiz

Business

12th Grade

Practice Problem

Hard

Created by

Charla Gates

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25 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

People producing goods and services are called

Limited resources

Natural resources

Human resources

Capital resources

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The rivalry among businesses in selling their goods and services is known as

Competition

Cornering the market

Capitalism

Entrepreneurship

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of economy is usually centered mainly on meeting people’s basic needs?

Command economy

Traditional economy

Mixed economy

Market economy

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which marketing function involves communicating directly with potential customers to determine their needs?

Pricing

Financial analysis

Products and service management

Selling

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If you purchase a corporate or government bond, you are a(n)

Partner

Stockholder

Entrepreneur

Creditor

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is not considered one of the marketing functions?

Pricing

Promotion

Selling

Product

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A unique business organized by two or more other businesses to operate for a limited time and for a specific project is called a

Limited liability partnership

Joint venture

Limited liability company

Nonprofit corporation

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