Applied Economics Quiz

Applied Economics Quiz

11th Grade

23 Qs

quiz-placeholder

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Applied Economics Quiz

Applied Economics Quiz

Assessment

Quiz

Other

11th Grade

Practice Problem

Hard

Created by

Dazzling Kylie

Used 1+ times

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23 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

10 mins • 1 pt

What type of business enjoys executive control and gets all the profit earned?

Corporation

Cooperative

Partnership

Sole Proprietorship

2.

MULTIPLE CHOICE QUESTION

10 mins • 1 pt

In a general partnership, how do members contribute?

None of the above

Only one member contributes

Unequally

Equally

3.

MULTIPLE CHOICE QUESTION

10 mins • 1 pt

What is a legal entity that is separated from its owner?

Corporation

Partnership

Cooperative

Sole Proprietorship

4.

MULTIPLE CHOICE QUESTION

10 mins • 1 pt

What does SWOT analysis help to identify?

Supplier capabilities

Customer preferences

Business risks and rewards

Market trends

5.

MULTIPLE CHOICE QUESTION

10 mins • 1 pt

Which of the following is an internal factor in SWOT analysis?

Strengths

Opportunities

Weaknesses

Threats

6.

MULTIPLE CHOICE QUESTION

10 mins • 1 pt

Who developed Porter's Five Forces model?

Peter Drucker

Michael E. Porter

Henry Mintzberg

Edmund

7.

MULTIPLE CHOICE QUESTION

10 mins • 1 pt

What does the supplier power in Porter's Five Forces refer to?

Ability to drive up prices

Number of competitors

Ability to drive prices down

Possibility of new entrants

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