Grade 10 Business Test

25 Questions

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10th Grade Quizzes & Trivia

Making this helps me review, and i think it will help u to. . . Hopefully


Questions and Answers
  • 1. 
  • 2. 
    Does not seek profit as its primary motive, but instead raises funds for a specific goal
  • 3. 
    People no longer want the item, or they want a new or improved item that replaces it
  • 4. 
    Having the ability to pay your debts and meet financial obligations
  • 5. 
    The 2nd stage of the making process is....
    • A. 

      Make a decision and take action

    • B. 

      Evaluate the alternatives

    • C. 

      Evaulate the decision, was it a good decision

    • D. 

      Identify the alternatives

    • E. 

      Determine what decision has to be made

  • 6. 
    The quality of a good or service that sonsumers are willing and able to buy at a particular price
  • 7. 
    The value of a product or service expressed in dollars and cents
  • 8. 
    A ________ __________ matches the skills of two different businesses, generating benefits for both parties
  • 9. 
    Relies on the goods and services provided by thousands of businesses to satisfy consumer needs and wants
  • 10. 
    Which one of these is incorrect
    • A. 

      As price increases, consumers buy less

    • B. 

      As price decreases, consumers buy more

    • C. 

      Both of these are corect

  • 11. 
    Boston Pizza is an example of....
    • A. 

      International Franchise

    • B. 

      Offshoring

    • C. 

      Partnership

    • D. 

      Joint Venture

    • E. 

      None of the above

  • 12. 
    Canada's economy is a _________ economy
  • 13. 
    In a Co-operative business, you get a vote for each number of stock you own.
    • A. 

      True

    • B. 

      False

  • 14. 
  • 15. 
    A trade deficite is...
    • A. 

      When a country's exports pay more than their imports costs

    • B. 

      When a country's imports cost more then the money earned from their exports

    • C. 

      When a country's exports and imports are balanced out

    • D. 

      None of the above

  • 16. 
    Jeff Wigand was known as a _________ __________ because he told confidential information about information about his company regarding an ethical issue.
  • 17. 
    • A. 

      Unlimited liability

    • B. 

      Financing may be difficult

    • C. 

      You are your own boss

    • D. 

      A and B

    • E. 

      All of the Above

  • 18. 
    In an Partnership, an advantage is that both you and your partner share ____________
  • 19. 
    In a Corporation, people with ________ little shares have _________ influence.
    • A. 

      People with little shares have minimal influence

    • B. 

      People with little shares have same influence

    • C. 

      People with many shares have minimal influence

    • D. 

      All of the Above

    • E. 

      None of the above

  • 20. 
    Canadian coins are made at the ________ Canadian Mint
    • A. 

      Regional

    • B. 

      National

    • C. 

      International

    • D. 

      Provinicial

    • E. 

      None of the Above

  • 21. 
    The paper money is printed on has no ________, except what we give it.
  • 22. 
    OAS is the 3rd level of Canada's retirement
    • A. 

      True

    • B. 

      False

  • 23. 
    Which of these statements if false about OAS
    • A. 

      Modest monthly pension

    • B. 

      You must be over 65 years to recieve it

    • C. 

      You have to pay into it

    • D. 

      They are all correct

  • 24. 
    The three optins in Private pensions/savings is TFSARESP...
  • 25. 
    Good reason to invest in a company
    • A. 

      It has been around for a long time and has lasted through a lot

    • B. 

      You are going to invest in it for at least 5 years

    • C. 

      It is selling lower than what is worth

    • D. 

      All of the above