Principles of Business 1st Semester Final Review

Principles of Business 1st Semester Final Review

12th Grade

65 Qs

quiz-placeholder

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Principles of Business 1st Semester Final Review

Principles of Business 1st Semester Final Review

Assessment

Quiz

Business

12th Grade

Easy

Created by

MICHAEL HARTMAN

Used 2+ times

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65 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What is a key advantage of a sole proprietorship?

Limited liability

Easy to establish and dissolve

Ability to raise capital easily

Shared decision-making

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which of the following is a social benefit of businesses?

Increasing pollution

Creating job opportunities

Reducing competition

Limiting consumer choices

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which type of business is owned and operated by a single individual?

Partnership

Corporation

Sole proprietorship

Franchise

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What is the primary objective of supply chain management?

To reduce product quality

To increase production costs

To enhance customer satisfaction

To limit supplier options

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What is the primary goal of a business?

To provide employment

To maximize profits

To support community development

To create innovative products

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which of the following is a crucial step in managing your own business?

Ignoring customer feedback

Avoiding financial planning

Setting clear goals and objectives

Relying solely on intuition

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which of the following is a key component of a supply chain?

Customer service policies

Employee training programs

Supplier relationships

Marketing strategies

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