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Business Studies End of Easter Term Quiz

Total questions: 80

Worksheet time: 45mins

Name
Class
Date
1.
In the long run, ethical integrity will keep customers coming back to a business.
a)
True
b)
False
2.

What are rules based on moral principles about how businesses and employees ought to conduct themselves?

a)
Guidelines
b)

Employee Handbooks

c)
Laws
d)
Business Ethics
3.

Which is NOT a step in the ethical decision-making process?

a)

Identify the ethical problem.

b)

Decide who will be affected.

c)

Select the best alternative.

d)

Choose the worst alternative.

4.

Taking money from a cash register, taking goods from a store without paying for them, or using company money to pay for personal items or entertainment on a business trip would be considered ________.

a)

Ethical

b)

Unethical

5.

Treating your employer, coworkers, customers fairly, openly, and with honesty would be considered _________.

a)

Ethical

b)

Unethical

6.
Behavior that is considered ethical in one culture may not be acceptable in another culture.
a)
True
b)
False
7.

An entrusted person who converts other's assets or property for his or her own use is a/an

a)

identity thief

b)

embezzler

c)

schemer

d)

fraud

8.

Duties and obligations of businesses which contribute to the well-being of society are

a)

a stakeholding

b)

business social responsibility

c)

an ethical dilemma

d)

a moral responsibility

9.

Which of the following questions should NOT be taken into consideration when listing all the alternatives and consequences to solve an ethical problem?

a)

Is it legal?

b)

Does it fit my personal values?

c)

Who will be affected?

d)

Does it benefit me personally?

10.

Why are workplace ethics important?

a)

To establish expectations for employees and reduce staff turnover

b)

To maintain a positive and professional company culture

c)

To treat customers with respect and increase customer loyalty

d)

All of the above

11.

What is forcing someone to do something by threatening to reveal a secret?

a)

Blackmail

b)

Bribery

c)

Withholding

d)

Lying

12.

What does it mean "to blow the whistle"?

a)

To accuse your coworkers

b)

To make a party

c)

To make noise

d)

To alert the management of possible bad behavior

13.

You earn a lot of respect within your workers when you make unethical choices.

a)

TRUE

b)

FALSE

14.

Ethics begins at the top of an organization or company.

a)

TRUE

b)

FALSE

15.

Ethical guidelines are best practices to follow in the workplace.

a)

True

b)

False

16.

If you feel good about something you've done, it must have been an ethical choice.

a)

True 

b)

False 

17.

It's only unethical if I get caught.

a)

True 

b)

False

18.

You witness a group of kids you know damaging school property. The principal asks for any anonymous tips on who might have damaged the property. You choose to stay out of it and don't say anything. How are you acting?

a)

Ethically

b)

Unethically

c)

Illegally

d)

Loyally

19.

As you walk out of a store with a friend, she gives some jewelry for you to hold. A security guard stops your friend and questions her about missing jewelry from the store. You know the guard is looking for the jewelry you are holding, but you say nothing because she is your friend. How are you possibly acting?

a)

Ethically

b)

Unethically

c)

Illegally

d)

Unethically and illegally

20.

If you make an ethical choice, such as pointing out the mistake in the grade a teacher gave you, or confessing that you broke something, you'll never have negative consequences.

a)

True - good behavior will always be rewarded.

b)

False - sometimes you just have to do the right thing, even if it "costs" you.

21.

Your co-worker is having trouble finishing a report. He'll pay you double your normal hourly rate to do it and not tell anyone. What do you do?

a)

Decline, but ask for the money or you'll tell his boss about the situation.

b)

Agree to it since you have time. But decline the money because it's wrong.

c)

Decline, explaining that you have your own report to write.

d)

Agree to it. You could use the money!

22.

Jane plans on making flyers for the church bake sale. But she's running low on printer paper, so she takes home some paper from work to print them out. It's for a good cause, but is this ethical?

a)

Yes 

b)

No

23.

If you work for yourself, you never have to worry about business ethics.

a)

True 

b)

False 

24.

A cashier gives you the wrong change, and it's in your favor! The ethical choice is

a)

Give the money to a homeless guy.

b)

Keep the change.

c)

Return the extra money.

d)

Spend the money right away.

25.

In golf, the players actually call penalties on themselves, even if no one's around to see what happened. They are exercising ___________ behavior.

a)

Self-destructive

b)

Illegal

c)

Unethical

d)

Ethical

26.

The Definition of Branding is: Creating an identity for your product that makes it different from the competition

a)

Identity & Different

b)

Different & Identity

c)

Logo & Same

27.

What do businesses do to help us remember their brands? Choose 2

a)

Some use celebrities

b)

Nothing. A good business doesn't need to use gimmicks

c)

Catchphrases/slogans

28.

Their slogan is

a)

Impossible is nothing

b)

Life's Good

c)

Just do it!

d)

Gives you wings

29.

'Brand' refers to the image and "personality" a company applies to its products.

a)

True

b)

False

30.

This logo belongs to __________?

a)

DHS

b)

Sprite

c)

Amazon

d)

Coca Cola

31.

Which brand does the logo belong to?

a)

Walt Disney

b)

Universal

c)

Cartoon Network

d)

DreamWorks

32.

What do businesses do to help us remember their brands? Choose 2

a)

Design logos

b)

Send lots of emails

c)

Make up jingles

33.

E in E-commerce means

a)

Electric

b)

Electronic

c)

Elected

34.

Which of the following best describes E-commerce?

a)

Buying goods and services at the store

b)

Buying goods and services

c)

Buying goods and services over the Internet

35.

Which of the following is NOT a benefit of technology to businesses?

a)

Improved customer service

b)

Improved sharing of information

c)

Releasing clients' personal data without permission

d)

Improved relationships with key partners

36.

Copyright infringement involves

a)

Using another person's original information with permission

b)

Using another person's software without a license

c)

Using another person's product as your own with a license

37.

It is unethical for businesses to use software created by another person without permission or having paid for a licence to use it.

a)

True

b)

False

38.

What is a fringe benefit?

a)

Non-financial

b)

Benefits related to the job description

c)

Benefits on top of a salary or wage

d)

It costs a lot of money and is not common

39.

Motivation is

a)

the art of persuading people to do something

b)

the drive to do something

c)

leading people to do better

40.

An advantage of profit sharing

a)

Motivates workers and improves efficiency

b)

It only has to be given at the end of the year

c)

Managers are happy to keep employees motivated

d)

There is not an advantage

41.

What is the advantage of few employees leaving next year?

a)

Employees do not have to say goodbye.

b)

There is no advantage - new employees mean new ideas.

c)

They might steal information.

d)

Saves time and money on recruitment.

42.

Non-financial methods include

a)

Praise and recognition

b)

Salary and commission

c)

Job rotation, Job Enlargement

d)

Company car and cell phone

43.

What financial methods motivate employees to hit targets?

a)

Salary

b)

Performance related pay

c)

Employees having company car

d)

Time rate

44.

This motivational theorist is considered scientific and believes money is the only motivator

a)

Herzberg

b)

Maslow

c)

Taylor

d)

McClaren

45.

What is the correct definition of wage?

a)

An annual amount usually divided into 12 monthly payments

b)

Pay distributed weekly or daily, calculated using the number of hours worked

c)

A lump sum given upon the completion of a specific task

d)

A percentage of sales made over a given time period

46.

What is the correct definition for 'Commission'?

a)

Monthly pay, same amount regardless of the number of hours worked

b)

Staff are paid for the number of items produced

c)

Staff are paid a percentage of the value of items sold

d)

A payment for producing quality goods

47.

How can commission incentivize workers?

a)

They will be jealous of colleagues

b)

They will get a share of the profits

c)

The more they sell, the more they earn

d)

They will pay less tax

48.

Private health insurance is what type of incentive?

a)

Performance related pay

b)

Commission Based

c)

Bonus scheme

d)

Fringe Benefit

49.

Involves looking at jobs and adding tasks that require more skill and/or responsibility

a)

Job enrichment

b)

Job enlargement

c)

Job rotation

d)

Fringe benefits

50.

Staff motivation leads to:

a)

The business paying less to employees

b)

Higher labor turnover

c)

Increased output and profit

51.

Which of these is a disadvantages of Taylors Scientific Method?

a)

If workers achieved their target output they got more money

b)

In some jobs it is difficult to measure employee output

c)

Money is sometimes hard to find

52.

Job rotation

a)

Adds a variety of different tasks of the same level to make job more diverse

b)

Involves workers swapping round and doing each specific task or working in a different department for a limited amount of time

c)

Involves adding more responsibility with different skills

d)

Fringe benefit

53.

The first two steps of the recruitment process are

a)

Perform interviews &

Create a job description

b)

Create a job description & a person specification

c)

telephone interviews & hiring

d)

Laying off staff & conducting panel interviews

54.

Which option is bad interview etiquette?

a)

Eye contact throughout

b)

Shaking hands firmly

c)

Speaking poorly on former employer

d)

Trying to 'sell yourself' as much as possible

55.

Which one of the following is not a 'protected characteristic' under the Equality Act 2010?

a)

Age

b)

Gender

c)

Experience

d)

Race

56.

Which of the following is a reason why businesses conduct market research?


To identify and understand:

a)

Employee needs

b)

Shareholder needs

c)

Customer needs

d)

Manager needs

57.

Lifestyle changes in today’s society has meant that many people no longer have the time to cook and prepare meals from scratch. As a result, the ready meal market has grown significantly over recent years. Which customer need is the ready meal market primarily meeting?

a)

Price

b)

Quality

c)

Choice

d)

Convenience

58.

Which of the following is a benefit to a start-up business of identifying and understanding customer needs?

a)

Increased possibility of survival

b)

Lower chance of breaking even

c)

Customer demand for its products will be minimal

d)

Increased risk of making costly mistakes

59.

An independent coffee shop offers customers a wide selection of coffee types. Which of the following customer needs is being met:

a)

Convenience

b)

Choice

c)

Quality

d)

Price

60.

Which of the following statements best describes the term primary market research?

a)

Data collected first-hand for a specific purpose

b)

Data already collected for a specific purpose

c)

Data collected first-hand for a general purpose

d)

Data already collected for a general purpose

61.
Starting and owning a person's own business
a)
corporation
b)
entrepreneurship
c)
sole proprietorship
d)
partnership
62.
Some people become entrepreneurs by turning part-time work experiences into full-time businesses.
a)
True 
b)
False
63.
Entrepreneurs want to be their own bosses, set their own working hours, and make their own decisions.
a)
True
b)
False
64.
When setting the prices of goods or services, business owners must consider the prices charged by competitors.
a)
True
b)
False
65.
Which is NOT a common characteristic of an entrepreneur?
a)
risk-taker
b)
creative
c)
organized
d)
irresponsible
66.
Most entrepreneurs work long hours, but they create their own schedule.
a)
True
b)
False
67.
Which one of these is NOT a characteristic of an entrepreneur?
a)
risk taker
b)
idea person
c)
generalist
d)
specialist
68.

What is the purpose of a business plan? (hint: choose 2 correct answers)

a)

To document your financial activity during one year

b)

Legal document to be filed with the SEC

c)

States the purpose and vision of your company

d)

States the amount of capital you need to run the company

69.
Which is not a way of selling your product on-line?
a)
Online Shopping Site 
b)
Your Own Website 
c)
Social Media 
d)
eMail
70.
eCommerce website can only accept Credit Card payment.
a)
TRUE
b)
FALSE
71.
It is easy to detect fraud in online customers.
a)
TRUE
b)
FALSE
72.

What is a key negative impact of eCommerce

a)

Job Losses

b)

Cheaper Goods

c)

More Choice of Goods

d)

Shopping 24/7

73.

What is the term for a shop that is both online and on the high street?

a)

Click & Brick

b)

Brick & Click

c)

Brick & Brick

d)

Click & Click

74.

What is a key advantage of online shops

a)

Shop 24/7

b)

Wide Choices of Goods

c)

Cheaper Prices

d)

All other answers

75.

Which of the following would you need to create an online shop

a)

Digital Catalogue of products

b)

Shop Front

c)

Sales Assistants

d)

A location in a prominent area

76.

eCommerce is short for...

a)

Email Commerce

b)

Electronic Commerce

c)

Essential Commerce

d)

Ebay Commerce

77.

What does the term eCommerce mean?

a)

Buying goods and services over the internet

b)

Buying Goods over the internet

c)

Selling goods and services over the internet

d)

Buying and Selling goods over the internet

78.

Which of the following is not an advantage to customers when buying online

a)

Compare prices between different sites

b)

Buy from other countries

c)

Goods take a few days to arrive

d)

Shop 24/7

79.
The normal _______ for a mortgage is up to 30 years
a)
Term
b)
Interest Rate
c)
Principle
d)
Loan
80.
What is usually the maximum amount that a mortgage lender will allow an individual to borrow?
a)
3 times annual salary
b)
6 times annual salary
c)
4.5 times annual salary
d)
The price of the property