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WorksheetsBusiness Quiz
Total questions: 11
Worksheet time: 5mins
Name
Class
Date
1.
A business that engages in finance, sales, or reselling is a __________ business
a)
commercial
b)
service
c)
industrial
d)
financial
2.
If two firms in the same line of business merge together, it is known as ________ merger
a)
Horizontal
b)
Vertical
c)
Conglomerate
3.
A horizontal bar chart that shows project tasks against a calendar is called
a)
Milestone
b)
Gantt chart
c)
PERT chart
4.
Limited Liability in Partnership has been introduced after seeking inspiration from
a)
Sole Proprietorship
b)
Company or Corporation
c)
Both (A) and (B)
5.
The net wealth of the aggregate economy is equal to the sum of
a)
All real assets.
b)
All financial assets.
c)
All physical assets.
d)
All real and financial assets.
6.
Which is a principle in economics?
a)
People need only food and water
b)
People have unlimited needs, limited wants
c)
People have unlimited wants
d)
People have unlimited resources
7.
Which is NOT an example of a good?
a)
steel
b)
power
c)
automobiles
d)
aircraft parts
8.
Which is NOT a renewable natural resource?
a)
timber
b)
oil
c)
water
d)
solar energy
9.
Which is an example of a capital resource?
a)
high-skilled professional staff
b)
mineral deposits
c)
building and land
d)
educational prerequisites
10.
In capitalism, who decides the price of goods for sale?
a)
the state
b)
company workers
c)
the market
d)
the C.E.O.
11.
Which type of economy is one in which the government owns or controls the most major industries?
a)
Mixed system
b)
Capitalist economy
c)
Command economy
d)
Traditional economy
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