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Bus-Quiz-Q1 9/19/24

Total questions: 41

Worksheet time: 41mins

Name
Class
Date
1.

Which is an example of a good?

a)

Haircut

b)

Mowing Grass

c)

Shoes

d)

Data Entry

2.

Which is an example of a need?

a)

Food

b)

Cars

c)

Washing Machine

d)

Bed

3.

Which is an example of a want?

a)

Water

b)

Shelter

c)

Food

d)

Bed

e)

Clothes

4.

Which is an example of a service business

a)

Moving Company

b)

Lawn Equipment sales

c)

Walmart

d)

Grocery Store

5.

Can a business offer goods and services? If yes, please give an example of the business along with a good AND service they offer.

4 lines
6.

Which is NOT one of the 6 functions of business?

a)

Human Resources

b)

Operations

c)

Transportation

d)

Marketing

7.

Which of the following IS one of the 6 functions of business?

a)

Termination

b)

Office Supply

c)

Management

d)

Printing

8.

Mr. Arrington is a main part of what business function at our school?

a)

Marketing

b)

Operations

c)

Accounting

d)

Management

9.

Ms. Denny can help fix a technology problem you may have with your computers. Which function of business is she a part of at our school?

a)

Management

b)

Information Technology (IT)

c)

Accounting

d)

Marketing

10.

Ms. Miller helps keep track of money and school financial records at our school. Which function of business does she perform for WGMS?

a)

Information Technology (IT)

b)

Marketing

c)

Human Resources

(HR)

d)

Accounting

11.

Which is NOT one of the 4 P's of Marketing

a)

Place

b)

Price

c)

Purchase

d)

Promotion

12.

Which is NOT one of the 4 P's of Marketing

a)

Product

b)

Price

c)

Packaging

d)

Place

13.

Can a sole-proprietorship or partnership allow people to franchise their business?

a)

No

b)

Yes

c)

Only if the business is large enough.

d)

Only if they are a service business

14.

What is the "profit" that businesses a non-profit business?

a)

Money

b)

Lots of Fame

c)

Community Help

d)

Tax Breaks

15.

Which is NOT a type of business?

a)

Partnership

b)

Sole Proprietorship

c)

Union Group

d)

Franchise

16.

Which type of business allows you to walk away from financial liability if there is problem?

a)

Partnership

b)

Corporation

c)

Sole Proprietorship

d)

Non-Profit

17.

Mr. Braswell has asked you to start a business and market your business over many assignments in this encore class. What type of business have you created in class this year?

a)

Corporation

b)

Sole Proprietorship

c)

Partnership

d)

Franchise

18.

How long is the typical radio ad?

a)

60 seconds

b)

100 seconds

c)

30 seconds

d)

3 minutes

19.

Billboards, pop ups, radio ads are examples of which P in the 4 P's of marketing?

a)

Promotion

b)

Price

c)

Product

d)

place

20.

A good invention that the market wants to buy is an example of which P in the 4 P's of marketing?

a)

Price

b)

Product

c)

Place

d)

Promotion

21.

At the beginning of a radio ad it is important to start with a great ______________.

a)

Color

b)

Hook

c)

Name

d)

Promotion

22.

Expensive products that are made by Gucci and other high end fashion brands are an example of which pricing strategy?

a)

Market

b)

Premium

c)

Loss Leader

d)

Psychological

23.

Walmart prices their goods in line with what a consumer generally expects things to cost. What is this pricing strategy called?

a)

Premium

b)

Market

c)

Loss Leader

d)

Psychological

24.

Best Buy is offering an extra low price on an Playstation 5 console that is even less than what it cost the store. They hope this will make more people come to shop for other items. What type of pricing strategy is this?

a)

Premium

b)

Market

c)

Loss Leader

d)

Psychological

25.

A store puts up large signs showing off big price cuts and percentage off savings. The price tags say $9.99 and buy one get one free. What type of pricing strategy is this store using?

a)

Premium

b)

Market

c)

Psychological

d)

Loss Leader

26.

What does NYSE stand for?

a)

New York Share Exchange

b)

New York Sales Exchange

c)

New York Stock Exchange

d)

New Years Stocks Exchange

27.

What are the units of ownership called that a company sells of itself to raise money for growth on the NYSE?

a)

Units

b)

Inventory

c)

Shares

d)

Products

28.

If you purchase stock on the NYSE and become a part owner for a company then you are called a_____________.

a)

Share Holder

b)

Part Owner

c)

Sole Proprietor

d)

Board Member

29.

How do companies pay their shareholders back for purchasing those shares of the company?

a)

The Companies let them vote

b)

The Companies offer them jobs

c)

The Companies pay them dividends

d)

The Companies give them more Shares of the stock.

30.

When making a decision on which stock to purchase, it is important to look at the history of the company and see which way their stock price has ______________.

a)

Trended

b)

Changed

c)

Gained

d)

Lowered

31.

If you purchased a share of Apple for 100 dollars on Monday and then sold it on the following Friday for 150 dollars, how much profit did you make?

a)

150$

b)

100$

c)

50$

d)

You lost 50 dollars

32.

If you invented a new graphics card for computer gaming you would need to protect your design with a____________.

a)

Patent

b)

Trademark

c)

Copyright

d)

Lock box

33.

Mr. Braswell just uploaded a song to soundcloud that includes some absolute fire new beats. What does he need to do to make sure people do not copy his hot new track and sell it.

a)

Patent his work

b)

Copyright his work

c)

Trademark his work

d)

Tradestamp his work

34.

The Nike Swoosh is under what type of protection?

a)

Patent

b)

Trademark

c)

Copyright

d)

Public Domain

35.

When something enters the public domain it means that the work of art or design is__________

a)

Available for anybody to use and sell as they choose.

b)

Not available for use until the copyright expires

c)

available to use on personal work but not to sell to others.

d)

Available to sell from a website only.

36.

A Nike shoe that has a special spring design needs to be protected with a ____________

a)

Copyright

b)

Patent

c)

Trademark

d)

Non of these

37.

If Mr. Braswell writes a book about his experiences teaching at WGMS, what type of IP protection should he apply for to protect his writing?

a)

Copyright

b)

Patent

c)

Trademark

d)

Trade secret

38.

What does IP stand for in relation to copyright, trademark, and patent law?

a)

Inverse Property

b)

Intellectual Property

c)

Intellectual People

d)

Intangible Property

39.

What type of cybercrime involves people pretending to be familiar in order to steal your information?

a)

Phishing

b)

Identity Theft

c)

Malware

d)

Virus

40.

Which of the following is an example of Malware?

a)

An email file that when opened starts tracking your activity.

b)

An email that asks you to purchase gift cards and send them somewhere

c)

A text from your bank saying that your accounts are locked until your update your information

d)

Your credit card being used without your permission.

41.

What is one way you can prevent most cybercrime from effecting you?

a)

Have a parent or friend take a look and give their advice.

b)

Confirm with the source if an email or text is correct.

c)

Ask some questions to the initial email or text to verify.

d)

Close your computer or device and throw it out the window.