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Business Quiz 3-28-23

Total questions: 12

Worksheet time: 6mins

Name
Class
Date
1.

Nike's new signature shoe for WNBA star ___ includes "Easter eggs" about her personal story.

a)

Dawn Staley

b)

Sheryl Swoopes

c)

Breanna Stewart

d)

Sabrina Ionescu

2.

A ___ is a name, term, design, symbol or any other feature that identifies a business’ good or service and distinguishes it from other sellers.

a)

Trademark

b)

Brand

c)

Logo

d)

Corporation

3.

Q Score measures the percentage of Americans who are familiar with a personality and view them favorably. Michael Jordan is tied with what other three athletes for the highest current Q score?

a)

Shaq, Stephen Curry, Joe Burrow

b)

Jerry Rice, Cristiano Ronaldo, J.J. Watt

c)

Simone Biles, Patrick Mahomes, Lionel Messi

d)

Arnold Palmer, Floyd Mayweather, Lebron James

4.

A ___ is an organization that has a separate legal personality from its owners.

a)

Sole proprietorship

b)

Corporation

c)

Board of directors

d)

Ad hoc committee

5.

Shaq is a wealthy guy, investing in a wide variety of businesses. Which of the following is not a franchise in which Shaq invests?

a)

Krispy Kreme

b)

24-Hour Fitness

c)

Papa John's

d)

Starbucks

6.

The practice of funding a project or venture by raising small amounts of money from a large number of people, typically via the Internet, is called what?

a)

Mass marketing

b)

Crowdfunding

c)

Bitcoin

d)

Macroeconomics

7.

Which of the following business headlines is real?

a)

Crypt-Trip? Kwik Trip Announces Plans to Accept Only Bitcoin By 2026

b)

Bucks Star Brook Lopez Partners with Hey Dude on Affordable Basketball Shoe

c)

Trader Joe's Defends Selling Dark Chocolates That Contain Lead

d)

Sheik Mohammed bin Salman Pays Morgan Wallen $3.4 Billion to Play Exclusively in Saudi Arabia for One Year

8.

What is a freemium model?

a)

A pricing strategy where a base level product is offered for free, but additional features charge a fee.

b)

Money made through operations, minus paying for capital expenditures.

c)

An innovation that creates a new market, and displaces market leaders.

d)

Not a great idea.

9.

German company Klosterbrauerei Neuzelle recently created what?

a)

An enormous pretzel

b)

The world's first powdered beer

c)

A driverless motorcycle

d)

The world's first successful soccer-themed Metaverse

10.

What is a line of credit?

a)

A dedicated telephone line that only a specific business can use.

b)

The process in which individual employees are acknowledged for their good work.

c)

Sort of like a bake sale, but with auto parts, and only in September.

d)

A predetermined amount of money that a bank or credit union has agreed to lend to a business, as needed.

11.

What is a W-2 form?

a)

How employers pay their employees.

b)

A formal report on a citizen's prior 10 years of earnings.

c)

The document an employer is required to send to each employee and the Internal Revenue Service (IRS) at the end of the year.

d)

A form new employees must fill out before starting work at a fast food restaurant.

12.

TikTok CEO Shou Zi Chew was called to speak with Congress last week over concerns about data privacy, cyberbullying, and social media addiction. How did it go?

a)

Fantastic!

b)

Hard to say

c)

Not bad

d)

Pretty bad!