Business Terminology Quiz
Authored by Brent Owens
English
8th Grade
CCSS covered
Used 1+ times
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14 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the word *philanthropist* mean?
A person who buys expensive things for themselves
A person who gives time and money to help others
A person who works only for personal success
A person who manages large businesses
Tags
CCSS.L.8.4A
CCSS.RI.8.4
CCSS.L.8.4B
CCSS.L.8.4C
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the meaning of *vertical integration*?
When a company makes products and also owns the stores that sell them
When two companies work together on a project
When a business splits into smaller parts
When a company only sells products online
Tags
CCSS.L.8.4A
CCSS.RI.8.4
CCSS.L.8.4B
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following best describes a *labor union*?
A group of workers who join together to improve their pay and work conditions
A company that hires people for different jobs
A club where workers play sports together
A group of managers who decide company rules
Tags
CCSS.RI.8.2
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does *collective bargaining* involve?
Workers individually asking for better pay
Negotiation by a group of workers for better wages and conditions
Managers deciding how much to pay employees
Hiring new workers to replace current employees
Tags
CCSS.RI.8.2
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is meant by *consolidation*?
Breaking a large company into smaller, separate businesses
Combining two or more things into one stronger or more effective whole
Closing down old businesses and starting new ones
Selling different parts of a company to other businesses
Tags
CCSS.RI.8.4
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does *monopoly* mean?
Owning one small part of a company
Sharing business ownership with other companies
Having total control over the supply of a product or service
Competing with other businesses for customers
Tags
CCSS.L.8.4A
CCSS.RI.8.4
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is *stock*?
The amount of products a company keeps in its warehouse
The ownership shares in a company that can be bought or sold
A list of all the things a company sells
The total number of workers in a company
Tags
CCSS.L.8.4A
CCSS.RI.8.4
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