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QUIZ 3 DBB1213

Total questions: 10

Worksheet time: 7mins

Name
Class
Date
1.

There are four external environment of business.

a)

TRUE

b)

FALSE

2.

Responding to increased demand with overly steep price increase is called price fixing

a)

TRUE

b)

FALSE

3.

When a company becomes a corporation, it functions as a separate entity, meaning it takes on an identity of its own

a)

TRUE

b)

FALSE

4.

Public company restricts the right to transfer its shares.

a)

TRUE

b)

FALSE

5.

There are five types of commercial crimes.

a)

TRUE

b)

FALSE

6.

Disclosing personal indentification numbers (PIN) and passwords to a third party can leadto e-banking fraud.

a)

TRUE

b)

FALSE

7.

Surplus is situation in which the quantity supplied exceeds the quantity demanded.

a)

TRUE

b)

FALSE

8.

Colatteral refer to a security in the form of assets that a company pledges to a lender.

a)

TRUE

b)

FALSE

9.

Prohibition of interest refers to any unjustifiable increase of capital whether in loans or sales.

a)

TRUE

b)

FALSE

10.

Trademark certification is a certificate of registration will be issued by the Trademark Registry once the trademark is registered.

a)

TRUE

b)

FALSE