WorksheetsBusiness Vocabulary Quiz #2
Total questions: 19
Worksheet time: 10mins
Name
Class
Date
1.
Statistical data related to the target market using that groups age, gender, marital status, education and income.
a)
Competition
b)
Demographics
2.
Toddler, adolescent, tween, young adult, middle age and elderly are terms associated with which category of demographics.
a)
Gender
b)
Median Income
c)
Age
d)
Marital Status
3.
Male vs female is an example of which demographic category?
a)
Age
b)
Income
c)
Marital Status
d)
Gender
4.
Single, married, divorced, widowed are examples of which demographic category?
a)
Age
b)
Gender
c)
Marital Status
d)
Income
5.
High school diploma, some college, bachelors degree, masters degree are examples of which demographic category?
a)
Age
b)
Gender
c)
Education
d)
Marital Status
6.
Grouping of different jobs and careers in that demographic area is called:
a)
Family Size
b)
Marital Status
c)
Median Income
d)
Occupation
7.
Average household wages is another way to describe this demographic category?
a)
Age
b)
Median Income
c)
Marital Status
d)
Occupation
8.
Target market is defined as a particular group of consumers at which a product or service is aimed.
a)
True
b)
False
9.
A specific plan for spending and saving money is called creating.
a)
Budget
b)
Retirement plan
c)
Business Plan
d)
Education Plan
10.
An expense that remains the same regardless of business activity. Example: Rent
a)
Variable
b)
Fixed
11.
An expense that may change or fluctuate; sometimes can be hard to predict. Example: Electricity bill , Phone bill, cable bill, inventory.
a)
Variable
b)
Fixed
12.
Items of ownership convertible into cash.
a)
Liabilities
b)
Assets
13.
Money owed; debts is called _________________
a)
Liabilities
b)
Assets
14.
Similar businesses competing for the same customers is an example of:
a)
Monopoly
b)
Oligology
c)
Competition
d)
Monopolistic Competition
15.
This exists when there are many customers buying IDENTICAL products from numerous small business: Example: Farmers Markets
a)
Monopoly
b)
Oligopoly
c)
Monopolistic competition
d)
Perfect Competition
16.
Many sellers whose products are SIMILAR but not identical. Examples: Hotels, Hair and Nail Salons
a)
Competition
b)
Monolopy
c)
Monopolistic Competition
d)
Perfect Competition
17.
Few sellers however each seller supplies a large portion of all the products. Examples: Airlines, TV companies, and cell phone companies.
a)
Oligopoly
b)
Monopoly
c)
Monopolistic competition
d)
Perfect competition
18.
Only one seller in the marketplace.
a)
Oligopoly
b)
Perfect Competition
c)
Monopolistic competition
d)
Monopoly
19.
Which type of competition allows the business to charge whatever they want because they are the only one selling that product or service.
a)
Oligopoly
b)
Perfect competition
c)
Monopolistic competition
d)
Monopoly
100 %
