Project Showbiz General Assessment

5 Questions

Skill Assessment Quizzes & Trivia

Take this quiz to see which level you should start with!


Questions and Answers
  • 1. 
    The term opportunity cost is defined as the value of the _________.
    • A. 

      Best forgone alternative

    • B. 

      Worst forgone alternative

    • C. 

      Difference between the best forgone alternative and chosen option

  • 2. 
    Scaricty is created by __________.
    • A. 

      A lack of demand to meet supply

    • B. 

      A lack of supply to meet demand

    • C. 

      A fluctuating equilibrium between supply and demand

  • 3. 
    Which of the following is the best example of a depreciating asset?
    • A. 

      Car

    • B. 

      Stocks

    • C. 

      House

  • 4. 
    If you were an initial investor in a company and you own its stocks, if it were to fail, what happens?
    • A. 

      The stocks lose value but your initial investment is returned

    • B. 

      You can sell off the stocks at the final market price before the company's failure

    • C. 

      The stocks lose value and you lose your initial investment

  • 5. 
    In what kind of loans do you have to pledge an asset, among other things like interest rates and a deadline?
    • A. 

      Unsecured loan

    • B. 

      Secured loan

    • C. 

      Default loan