A business is an organization that seeks to earn profit by providing goods and services. The Canadian government is very supportive of entrepreneurs. Being that you just started business class, the quiz below covers chapter 1 on understanding the Canadian business system. Why don’t you take it up and get to review what you have learned so far? All the best!
Communism
Capitalism
Socialism
Free market
None of the above
Corporation
Entrepreneur
Manager
Executives of a business
Market economy
Command economy
Communism
Market
Economy
Capital
Factors of production
Deregulation
Competition
Privatization
Deregulation
Privatization
Freedom
Textile labelling Act
Weight and measure act
Canada Water Act
Fisheries Act
Surplus
Shortage
Supply
Excess
Demand curve
Supply curve
Fair price
Market price/equilibrium price
Demand curve
Supply curve
T
F
Perfect competition
Monopolistic competition
Oligopoly
True
False
True
False
T
F
T
F