
Business and Society Quiz
Authored by Cheryl Wellman
Business
12th Grade
Used 1+ times

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8 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the duty of business to contribute to the well-being of society?
Trade industries
Producer
Social responsibility
Retailer
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which type of business buys goods from producers and sells them to retailers?
Wholesaler
Service business
Manufacturer
Builder
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the process or activity of producing goods and services called?
Production
Voluntary chain
Chain stores
Maximizing profits
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which type of producer changes the shape or form of materials so that they will be useful to consumers?
Raw-goods producer
Manufacturer
Retailer
Wholesaler
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a relationship formed by a number of independent business owners who join together to buy merchandise to get the discount prices available to chain stores?
Voluntary chain
Chain stores
Service business
Trade industries
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A large retailer feels that it has a duty to contribute to the well-being of society, so it donates a portion of its proceeds to a charity that helps the environment. The retailer is demonstrating
social responsibility
wholesaling
retailing
e-tailing
7.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
A socially responsible business will attempt to give customers
lower quality products at reduced prices
high-quality products at high prices
the best products at the best prices
the best products no matter what they cost
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