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Intro to Business Concepts

Authored by Michael Wilson

Computers

10th Grade

Used 2+ times

Intro to Business Concepts
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50 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

What is the primary role of the Federal Reserve System?

To regulate international trade

To control monetary policy and stabilize the economy

To provide loans to small businesses

To manage individual bank accounts

2.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

Which of the following is a common source of financing for a business venture?

Personal savings

Government subsidies

Crowdfunding

All of the above

3.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

What is the first step in developing a spending/savings plan?

Setting financial goals

Spending all available income

Borrowing money

Ignoring expenses

4.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

What is the primary purpose of a budget?

To track employee performance

To plan and control income and expenses

To increase taxes

To eliminate savings

5.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

When balancing a check register, what should you do after recording a deposit?

Subtract it from the balance

Add it to the previous balance

Ignore it

Send it to the bank

6.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

Which service is typically offered by credit unions but not always by banks?

Checking accounts

Lower interest rates on loans for members

Investment advice

Online banking

7.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

Which of the following is an example of a fixed expense?

Rent

Groceries

Entertainment

Utility bills

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