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Economy

Total questions: 20

Worksheet time: 10mins

Name
Class
Date
1.

What is a company?

a)

A government institution

b)

A group of people with shared hobbies

c)

An organisation with shared objectives for profit

d)

A non-profit association

2.

What does CEO stand for?

a)

Chief Economic Officer

b)

Corporate Executive Organizer

c)

Chief Executive Officer

d)

Company Executive Officer

3.

What is the legal name of a company called?

a)

Trademark

b)

Brand name

c)

Company slogan

d)

Company name or corporate name

4.

What does the mission of a company describe?

a)

Its future goals

b)

Its legal obligations

c)

Its reason for existence

d)

Its marketing strategy

5.

What replaced the CIF in Spain in 2008?

a)

VAT number

b)

NIF

c)

DNI

d)

NIE

6.

What is the minimum share capital for a Spanish “Sociedad anónima”?

a)

3000€

b)

30000€

c)

60000€

d)

6000€

7.

What does the legal form of a company determine?

a)

Its marketing strategy

b)

Its tax rate

c)

Its ownership and liability structure

d)

Its product line

8.

What is the CNAE used for?

a)

To identify shareholders

b)

To classify economic activities

c)

To register trademarks

d)

To calculate taxes

9.

What are short-term liabilities?

a)

Debts payable in over a year

b)

Assets held for less than a year

c)

Debts payable almost immediately

d)

Company profits

10.

What are current assets?

a)

Assets held for more than a year

b)

Assets acquired for long-term use

c)

Assets intended for short-term sale or consumption

d)

Assets not listed on the balance sheet

11.

What is the role of logistics in a company?

a)

Designing logos

b)

Managing employee benefits

c)

Organising production and marketing processes

d)

Handling legal disputes

12.

What defines a multinational company?

a)

It has subsidiaries in multiple countries

b)

It operates only in its home country

c)

It is owned by the government

d)

It only sells online

13.

What is company capital used for?

a)

Paying taxes

b)

Measuring solvency and guaranteeing third parties

c)

Marketing campaigns

d)

Employee salaries

14.

What does R&D stand for?

a)

Revenue and Distribution

b)

Research and Development

c)

Risk and Debt

d)

Resources and Data

15.

What is an offshore company?

a)

A company with no employees

b)

A company registered in a tax haven

c)

A company that only sells online

d)

A company with multiple shareholders

16.

What does net worth represent?

a)

Total liabilities

b)

Total assets

c)

Assets minus liabilities

d)

Annual revenue

17.

What is the registered office of a company?

a)

The place where products are sold

b)

The legal address of the company

c)

The CEO’s home

d)

The company’s website

18.

What is corporate image?

a)

The company’s logo

b)

The public’s perception of the company

c)

The company’s legal name

d)

The company’s advertising slogan

19.

What is not part of corporate social responsibility?

a)

Voluntary environmental contributions

b)

Compliance with labour laws

c)

Community support

d)

Tax evasion

20.

What is one benefit of a strong corporate image?

a)

Increased brand loyalty

b)

Reduced taxes

c)

Lower production costs

d)

Fewer legal obligations