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Strictly Business LAP Test

Authored by Flexcia Dowell

Computers

9th - 12th Grade

Used 11+ times

Strictly Business LAP Test
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20 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

  1. A business can be described as a(n)


  1. organized effort to produce goods and services.

  1. disorganized method of manufacturing products.

  1. reasonable way to make a profit.

  1. unreasonable means for increasing revenues.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

  1. A business that exists to fulfill a specific mission or undertaking is called a __________ business.

  1. for-profit

  1. nonprofit

  1. mission-central

  1. focused

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

  1. Every business must accomplish which of the following:

  1. Issue corporate bonds

  1. Trade or sell business assets/property

  1. Produce or provide goods/services

  1. Obtain venture capital

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

  1. Which of the following represents a primary business activity:

  1. Scheduling

  1. Designing

  1. Marketing

  1. Supervising

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

  1. Financial analysis occurs when a business

  1. plans for long-term success.

  1. effectively retrieves data.

  1. communicates with potential customers.

  1. keeps accurate expense records.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

  1. Within a local pizza shop, financial analysis is most likely used to

  1. attract customers.

  1. oversee the baking process.

  1. obtain funding for supplies.

  1. develop the best recipe.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

  1. Which of the following activities demonstrates human resources management:

  1. The business gives its preferred customers a special discount.

  1. The business takes care of the responsibilities associated with having employees.

  1. The business includes top-level managers in long-term planning.

  1. The business acts on new information about a competitor.

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