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business quiz

Total questions: 25

Worksheet time: 13mins

Name
Class
Date
1.

what is a want

a)

something i need to live

b)

something i wish i had or i desire to have

c)

i need or i die

d)

bob

2.

what is a need

a)

an item that i have to have to live

b)

something i desire to posses or to have

3.

what are goods

a)

merchandise or possessions

b)

i did something good

4.

Services

a)

the action of helping or doing something for someone

b)

phone service

5.

which one is a factor of production of human

a)

Physical help

b)

not helping

6.

which one is a factor of production of natural

a)

trees and water

b)

wood and energy drinks

7.

which one is a factor of production of capital

a)

machinery tools

b)

trees and water

8.

which one is a factor of production of entrepreneurship

a)

you become an employee at a big business

b)

when you start your own business

9.

limited liability

a)

if your company goes into financial distress will be at stake

b)

if your company goes into financial distress will not be at stake

10.

S corporation

a)

a type of corporation that is designed to avoid double taxation

b)

a type of corporation that is designed to not avoid double taxation

11.

what is a corporation

a)

a company or group of people authorized to act as a single entity and recognized as such in law.



b)

a company or group of people authorized to act as a double entity and recognized as such in law.


12.

whats lost opportunity cost

a)

the loss of potential gain from other alternatives when one alternative is chosen.


b)

you loss somthing


13.

economic system

a)

a means by which societies or governments organize and distribute available resources, services, and goods across a geographic region or country

b)

a means by which societies or governments destroy and disrupt available resources, services, and goods across a geographic region or country

14.

which one is traditional economy

a)

the goverment tells you what to sell

b)

you sell the same thing that the generations above you sold

15.

organzing managment

a)


The process of disorganizing, not planning, not leading and not controlling resources within an entity with the overall aim of achieving its objectives.

b)


The process of organizing, planning, leading and controlling resources within an entity with the overall aim of achieving its objectives.

16.

planning management

a)

the function of management that involves setting objectives and determining a course of action for achieving those objectives.

b)

the function of management that does not involve setting objectives and determining a course of action for achieving those objectives.

17.

staffing management

a)

to keep all the walking staffs in the right stop

b)

the recruitment of various people in a team on the basis of their knowledge, experience, talent, skill, and areas of expertise

18.

leading management

a)

articulating a vision, energizing employees, inspiring and motivating people using vision, influence, persuasion, and effective communication skills.

b)

not articulating a vision, energizing employees, inspiring and motivating people using vision, influence, persuasion, and effective communication skills.

19.

controlling management

a)

a process of comparing the actual performance with the set standards of the company to ensure that activities are performed according to the plans and if not then taking corrective action.

b)

a process of not comparing the actual performance with the set standards of the company to ensure that activities are performed according to the plans and if not then taking corrective action

20.

lassiez faire leadership

a)

a policy or attitude of letting things take their own course, without interfering

b)

a policy/government that cotrols the people

21.

democratic

a)

letting multiple people participate in the decision-making process

b)

only one person decides the decision making

22.

code of conduct

a)


All employees should fulfill their job duties with integrity and respect toward customers, stakeholders and the community

b)

all employees will be rude to all the customers

23.

ethics

a)


All employees should fulfill their job duties with integrity and respect toward customers, stakeholders and the community

b)

moral principles that govern a person's behavior or the conducting of an activity.

24.

want

a)

something that desire

b)

something i have to have to live

25.

need

a)

something i wish i had

b)

something i have to have to live