Font size
WorksheetsIntro to Business 1-50
Total questions: 55
Worksheet time: 28mins
Which of the following correctly lists the needs of consumers which should be met? Shown in order with most basic needs to highest level needs.
Physical, social, psychological
External, internal, social
Physical, psychological, economic
External, internal, psychological
The employment process is carried out by which department?
Distribution
Human resources
Management
Marketing
Entrepreneurship primarily involves minimizing risks and avoiding opportunities for innovation.
True
False
Which of the following is the financial gain a company receives when the total revenue generated from its operations is more than the total expenses incurred?
Revenue
Profit
Sales
Returns
What motivates entrepreneurs to pursue ventures?
The need for bureaucratic layers
A desire for a fixed, dependable salary
No responsibility for decision-making
Independence and the opportunity for financial success
Scheduling is the process of missing deadlines and mismanaging time.
True
False
Verbal communication will enhance which of the following?
Creating problems
Breaking new ground
Clarity of understanding
Interruptions from coworkers
Risk mitigation compliance may include which of the following?
Positive work behaviors and personal qualities which make individuals more likely to gain employment and succeed in their chosen career
Arriving at work on-time and successfully completing the tasks assigned
Preventing legal violations
Recognizing the questions which relate to goals, purpose and needs
Which of the following is a reason for setting specific and achievable goals in time management?
Increases stress and anxiety
Reduces procrastination
Allows for vague planning
Keeps you busy
Which of the following is a type of compliance?
Legal compliance
Trial compliance
Culture compliance
Morale compliance
Select all of the following which are reasons compliance with laws and regulations is important for organizations.
To prevent legal consequences
To reduce the need for employee training
To maintain a positive reputation
To prevent penalties in the workplace
Which of the following would most appropriately be categorized as a tech etiquette skill?
Speaking clearly
Exhibiting proper body posture
Being careful with punctuation
Speaking naturally
Most people generally conform to one specific primary behavior pattern.
True
False
In a customer service environment, who should be the "star" of the show and the central focus of all workplace efforts?
The customer service professional
The customer
The employee
The company
What feature is added to each question when you make a Google Form into a quiz?
Add Image option for the question
A Require toggle switch
A Responses tab
An Answer Key
You can export your Google Form responses into which other Google Application?
Google Sheets
Google Slides
Google Docs
Google Maps
Which of the following is a common way to send or distribute your Google Form?
Distribute using a PDF file.
Print out the questions.
Copy questions to Google Docs.
Share a link with users.
Which of the following is something you CANNOT do with a Google Form quiz question?
Choose a correct answer.
Create question feedback.
Enter a percentage value.
Enter an image.
What Google Forms feature can give your work a more consistent and professional look?
Design themes
Responses tab
Command forms
Color palette
Where would you look to see how people answered questions on a Google Form?
Responses tab
Questions tab
Form commands
Which of the following are protections provided to authors of original works such as literature?
Domain name
Trademark
Patent
Copyright
Words, symbols, names or devices used to specify goods and differentiate one good from others is defining which of the following?
Copyright
Patent
Domain name
Trademark
Which of the following are the unique names which identify Internet sites and businesses?
Trademark
Domain name
Patent
Copyright
Which of the following is the money raised by a business or investor in exchange for a share of ownership in the company?
Debt capital
Equity capital
Investment capital
Venture capital
Which of the following is the money or other resources needed to pay for a part or parts of the company?
Investment
Purchasing cost
Grant
Finance
Which of the following is a disadvantage of a franchise?
Requires assistance from a parent company
Shared advertising expenses
Name recognition
Must follow the parent company’s business structure
Which of the following is a type of business which operates as a separate legal entity?
Corporation
Sole partnership
Partnership
Franchise
Which of the following is defined as a business in which partners have an unequal share and liability in the business?
Limited partnership
General partnership
Sole Partnership
Franchise partnership
Which of the following is defined as a business which is owned and operated by one individual?
Entrepreneurship
Franchise
Sole proprietorship
Partnership
Which of the following is NOT a type of business ownership?
Franchise
Entrepreneurship
Partnership
Sole proprietorship
Physical location of the business is a factor which should influence the type of ownership chosen.
False
True
Which of the following forms boards to act as governing bodies and is the most complicated form of business?
Sole proprietorship
Franchise
Corporation
Partnership
Which of the following is the right or license to sell a company’s product or service at a designated location?
Partnership
Sole proprietorship
Franchise
Corporation
A (a) is a legal agreement between two or more people and is the least common form of business.
Which of the following is NOT a financing option suggested in the presentation?
Investors
Small Business Administration
Sale of assets
Loans
Angel investors are wealthy individuals who seek high returns through private investments.
False
True
Patents are issued by state governments.
False
True
Capital is wealth in the form of money or property.
True
False
Which of the following is true about the supply curve?
As the supply quantity rises, so does the price
As the price rises, so does the supply quantity
As the price rises, so does the demand
As the cost rises, so does the demand
Increasing product supply leads to which of the following situations?
An inward shift of the demand curve
An outward shift of the demand curve
An inward shift of the supply curve
An outward shift of the supply curve
Which of the following accounts for the cost of producing an additional unit of a good?
Marginal cost
Marginal utility
Supply cost
Supply utility
Which of the following is the amount of a product a consumer is willing and able to purchase at given prices?
Price
Cost
Supply
Demand
Which of the following relies the most on the health of the economy?
Builders
Manufacturers
Trade industries
Producers
Which of the following is true about the demand curve?
As the price rises, the good's demand increases
As the price rises, the good's demand decreases
As the cost rises, the good's demand increases
As the supply quantity rises, the good's demand decreases
Toothbrushes and toothpaste are examples of which of the following?
Complementary goods
Substitute goods
Shift goods
Raw goods
Which of the following measures the responsiveness of consumers to changes in price?
Utility of demand
Utility of supply
Elasticity of demand
Elasticity of supply
Supply and demand are (a) related.
What does the law of supply assume?
Nothing is constant
Producers try to maximize their profits
Lower price means larger quantity supplied
Higher price means larger quantity demanded
If the price of hamburgers rise, but the price of hot dogs remains the same, which are suppliers for likely to supply?
Hamburgers
Hot dogs
Which of the following measures the responsiveness of producers to a price change?
Marginal cost
Elasticity of supply
Utility
Equilibrium
When marginal cost is graphed, it creates which of the following?
Upward slope
Downward slope
Bell curve
U-shaped curve
The place where the supply curve intersects the demand curve is known as which of the following?
Marginal cost
Elasticity of supply
Utility
Equilibrium
Which term describes the level of satisfaction derived from consumption of a good?
Marginal cost
Elasticity of supply
Utility
Equilibrium
Customer willingness depends on which of the following?
Advertising and promotion
Prices and personal financial habits
Inflation and currency conversion
All of the above
Which of the following are the beginning step in the manufacturing process?
Builders
Manufacturers
Traders
Producers
