Business Basics Unit Test

Business Basics Unit Test

11th Grade

58 Qs

quiz-placeholder

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Business Basics Unit Test

Business Basics Unit Test

Assessment

Quiz

Business

11th Grade

Practice Problem

Medium

Created by

Kara Victor

Used 2+ times

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58 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Businesses exist to

Solve problems and provide solutions

Make a profit

Meet the needs of customers

All of the above

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following best describes a business

A government entity that enforces laws

An organization that provides goods and services in exchange for money

A charity that helps people in need

A group of people who work for free

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is not a reason why businesses exist?

Provide products and services to people

Create jobs and provide income

Help the government with new regulations

Impact the community and the economy

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The United States economy is currently dominated by businesses in the __________ sector.

Retail

Automobile

Service

Government

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Individuals or groups who have an interest in a business and are affected by its decisions are called

Stakeholders

Customers

Employees

Investors

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why are customers important to a business?

They create business policies

They provide feedback and revenue

They manage employees

They monitor a company’s finances

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of stakeholder provides financial support needed to start or grow a business?

Customers

Employees

Investors

Managers

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