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Buiseness Studies - Part 2
1
of
25
💡
Hints:
3
Q1. During a ’boom’ unemployment is ___ and consumer spending is ___
A. low, high
B. low, low
C. high, low
D. high, high
Q2. Two disadvantages of conducting Secondary market research
A. Data may be out of date
B. It can provide information on large sections of the population
C. Can be gathered quickly and easily
D. May not be exactly the information the business wants
Q3. The attitude that internal stakeholders (e.g. management) create within the firm is called
A. The business model
B. Ownership
C. Competitive advantage
D. Business culture
Q4. Which of the following is not a characteristic of the Business Environment?
A. Simple
B. Complex
C. Multi-faceted
D. Dynamic
Q5. TRUE or FALSEManagement is the process of using resources in order to reach organizational goals.
A. TRUE
B. FALSE
Q6. Emotion and chemical levels can affect
A. Pupil size
B. Blinking
C. Eye contact
Q7. They want ___ people who don’t mind change.
A. Stressful
B. Responsible
C. Flexible
D. Part- time
Q8. in any ethical situation, the most important thing is to:
A. further investigate the situation
B. protect the company
C. do the right thing
D. do things right
Q9. Spoken defamation of character of a person, business, or group, causing the entity to lose esteem of community.
A. meanness
B. libel
C. gossip
D. slander
Q10. Conceptualizing, planning, accessing funds and organizing are examples of:
A. Characteristics of entrepreneurs
B. Reasons for starting businesses
C. Steps in preparing a business plan
D. Functions of entrepreneurs
Q11. The economic problems of relative scarcity refers to
A. consumers purchasing goods and services from businesses
B. consumers not being able to afford different goods and services
C. consumers making purchasing decisions in relation to their needs and wants
D. consumers making purchasing decisions in relations to goods and services
Q12. Choose the correct definition:HOUSE OF REPRESENTATIVES
A. Made up of 9 judges
B. Members elected by the president to assist him with specific government business
C. Made up of Congress (Senate and House of Representatives)
D. Made up of 435 members, based on each state’s population
Q13. What is the profit for Bumble Bee Boombox if their Gross Sales are at $100,000 and their total expenses are at $75,000?
A. $100,000
B. $75,000
C. $25,000
D. $175,000
Q14. Advantages of a partnership are?
A. shared workload
B. arguements
C. shared profit
Q15. Which place of Saudi Arabia is targeted by the rebels for attack?
A. Dhahran
B. Riyadh
C. Khobar
D. Jeddah
Q16. Buying on credit means
A. paying immediately
B. hire purchase
C. paying later
D. paying in advance
Q17. She works at home, but ___ boss works in the office.
A. her
B. here
Q18. Which of the following business activities is a service?
A. House construction
B. Dental treatment
C. Coconut farming
D. Gold mining
Q19. For which of these businesses would proximity to customers be most important?
A. An online bookstore
B. A firm of international management consultants
C. An Italian restaurant
D. A manufacturer of supermarket products
Q20. Producing a desired result without wasting time, energy, money, or other resources.
A. Efficiency
B. Productivity
C. Input
D. Output
Q21. What is tax?
A. Money paid to businesses
B. Money paid to the government
C. Money paid to employees
D. Monday paid to homeless people
Q22. refers to the funds raised through loans
A. external sources
B. equity shares
C. debentures
D. borrowed funds
Q23. It is the individuals who come up with a new idea for a good or service, then they make it a reality ,Is what?
A. resource
B. human resources
C. consumer
D. entrepreneur
Q24. In winter, the number of beach lifeguards employed by a local council is reduced. What has influenced the transformation process in this situation?
A. Variation in demand
B. Variation in visibility
C. Variety
D. Volume
Q25. People work hard for all of the following reasons except
A. earning money
B. having social contact
C. gaining recognition
D. watching TV
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