
Grade 7 Business Basics Quiz
Authored by S Senior-Spencer
Business
7th Grade
25 Questions
Used 1+ times

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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main responsibility of management to business owners?
Keep secrets from employees
Achieve the highest rate of profits
Sell the business to competitors
Hire family members only
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How should managers handle company profits?
Spend all profits on company parties
Keep all profits for themselves
Reinvest profits or accumulate assets with the owner's permission
Give all profits to customers
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why should managers provide financial information to business owners?
To ensure owners know how the business is performing
To confuse employees
To avoid paying taxes
To attract more employees
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT a responsibility of management to business owners?
Informing owners about changes in the marketplace
Keeping proper financial records
Paying employees with company profits
Hiring an efficient workforce
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who is responsible for making important business decisions in a company?
Customers
Employees
Managers
Competitors
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why should businesses provide fair wages to employees?
To keep employees motivated and satisfied
To make customers happy
To increase competition among workers
To avoid following labor laws
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What should a business do to ensure a safe working environment?
Ignore safety regulations
Provide clean and safe working conditions
Only hire workers who do not complain
Remove all safety equipment to save money
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