12th Grade Online Business Questions! Trivia Quiz
Do you think you are well equipped to answer these 12th grade online business questions? There are a lot of things that go into ensuring that a Business is a success if it entirely exists online and some of these factors include knowing how to reach perspective clients. How about you take up this quiz an see what facts about managing creating and growing an online business you may have forgotten. .
- 1.
Able to reach customers all over the world. Avoid the costs of a physical store (rent, wages). New business opportunities, eg. apps.
- A.
Brokerage
- B.
Advantage
- C.
Freemium
- D.
Disadvantage
Correct Answer
B. AdvantageExplanation
The given answer "Advantage" is correct because being able to reach customers all over the world allows a business to expand its customer base and increase sales. Additionally, avoiding the costs of a physical store such as rent and wages can significantly reduce expenses and increase profitability. Furthermore, new business opportunities like apps provide innovative ways to engage with customers and generate additional revenue streams. Therefore, these factors collectively contribute to the advantage of the business.Rate this question:
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- 2.
Websites allowing free access to people. Generate revenue from advertising. Blogs become successful businesses when they attract enough followers that it becomes an attractive space for advertisers.
- A.
Brokerage
- B.
Freemium
- C.
Advertising-based businesses
- D.
Advantages
Correct Answer
C. Advertising-based businessesExplanation
Advertising-based businesses generate revenue by allowing free access to people and generating income through advertising. This means that these businesses offer their services or content for free to attract a large audience, which in turn makes it an attractive space for advertisers. By displaying advertisements on their platforms, they are able to monetize their user base and generate revenue. This model is commonly used by websites and blogs that have successfully attracted a large number of followers, making them attractive to advertisers.Rate this question:
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- 3.
Technology hotspot located in New York
- A.
Silicon Alley
- B.
Silicon Valley
- C.
Silicon Forest
- D.
Silicon Nature
Correct Answer
A. Silicon AlleyExplanation
Silicon Alley is the correct answer because it refers to the technology hotspot located in New York. It is a term used to describe the concentration of technology companies, startups, and venture capital firms in the New York City metropolitan area. The term "Silicon Alley" is a play on the original "Silicon Valley" in California, highlighting the growing tech industry in New York.Rate this question:
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- 4.
Technology hotspot located in Oregon
- A.
Silicon Valley
- B.
Silicon Forest
- C.
Silicon Nature
- D.
Silicone Forests
Correct Answer
B. Silicon ForestExplanation
Silicon Forest is the correct answer because it refers to the technology hotspot located in Oregon. The term "Silicon" is commonly associated with technology and innovation, while "Forest" suggests a dense concentration of companies or organizations in a particular area. Therefore, "Silicon Forest" accurately describes the region in Oregon known for its thriving technology industry.Rate this question:
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- 5.
A persons digital activities, actions, and communications that leave a trail on the Internet or on a computer or other digital devices.
- A.
Bandwidth
- B.
Digital Footprint
- C.
CC-Carbon Copy
- D.
Bcc
Correct Answer
B. Digital FootprintExplanation
A person's digital footprint refers to the traces they leave behind on the internet or on digital devices through their digital activities, actions, and communications. This includes information such as online searches, social media posts, emails, and website visits. It is important to be aware of one's digital footprint as it can have implications for privacy and security.Rate this question:
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- 6.
A way to include other involved parties into an email conversation without the recipient knowing who else received the email.
- A.
Bandwidth
- B.
BCc-Blind Copy
- C.
CC-Carbon Copy
- D.
P.S.
Correct Answer
B. BCc-Blind CopyExplanation
BCc (Blind Copy) is the correct answer because it allows the sender to include other parties in the email conversation without the recipient knowing who else received the email. When using BCc, the recipients in the BCc field will receive a copy of the email, but their names will not be visible to other recipients. This is useful in situations where the sender wants to maintain privacy or discretion when involving multiple parties in a conversation.Rate this question:
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- 7.
Infection that attaches itself to a program or file enabling it to spread for one computer to another causing damage or loss of personal information.
- A.
CC-Carbon Copy
- B.
Bandwidth
- C.
Digital Footprint
- D.
Computer virus
Correct Answer
D. Computer virusExplanation
A computer virus is a type of malicious software that attaches itself to a program or file, allowing it to spread from one computer to another. Once infected, the virus can cause damage or loss of personal information. Unlike other options, such as CC-Carbon Copy (used in email to send copies to additional recipients), bandwidth (referring to the amount of data that can be transmitted over a network), or digital footprint (the traces of online activity left behind), a computer virus specifically refers to a harmful program that can infect and harm computer systems.Rate this question:
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- 8.
Macroeconomics means
- A.
The study of how to increase resources and to create conditions that will make better use of those resources
- B.
The part of economics study that looks at the operation of a nations economy as a whole
- C.
The part of economics study that looks at the behavior of people and organizations in particular markets
- D.
The part of economics study that looks at the increase resources and to create organizations in particular markets
Correct Answer
B. The part of economics study that looks at the operation of a nations economy as a wholeExplanation
Macroeconomics is the branch of economics that focuses on the overall functioning and performance of a nation's economy as a whole. It examines factors such as national income, unemployment rates, inflation, and government policies that impact the entire economy. It analyzes the aggregate behavior of households, businesses, and government entities to understand how they interact and influence economic outcomes at a national level.Rate this question:
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- 9.
Resource development means
- A.
The study of how to increase resources and to create conditions that will make better use of those resources
- B.
The part of economics study that looks at the operation of a nations economy as a whole
- C.
The part of economics study that looks at the behavior of people and organizations in particular markets
- D.
Successfully filling a market need means you could make money for yourself
Correct Answer
A. The study of how to increase resources and to create conditions that will make better use of those resourcesExplanation
Resource development refers to the study of how to increase resources and create conditions that will enhance their utilization. This involves finding ways to expand and improve available resources, as well as implementing strategies that optimize their usage. By focusing on resource development, individuals and organizations aim to maximize the benefits derived from these resources, whether they are natural, financial, or human. This includes activities such as research, innovation, technological advancements, and sustainable practices, all aimed at enhancing resource availability and efficiency.Rate this question:
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- 10.
Businesses which operate on the internet.
- A.
Advantage
- B.
Disadvantage
- C.
Brokerage
- D.
Online Business
Correct Answer
A. AdvantageExplanation
The given answer "Advantage" is likely referring to the fact that businesses operating on the internet have certain benefits over traditional brick-and-mortar businesses. These advantages may include lower overhead costs, wider reach and accessibility to customers, the ability to operate 24/7, and the potential for scalability and growth. However, without further context or information, it is difficult to provide a more specific explanation.Rate this question:
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- 11.
Entrepreneur → The study of how society chooses to employ resources to produce goods and services and distribute them for consumption among various competing groups and individuals
- A.
True
- B.
False
Correct Answer
B. FalseExplanation
EconomicsRate this question:
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- 12.
Economics is a person who risks time and money to start and manage a business
- A.
True
- B.
False
Correct Answer
B. FalseExplanation
EntrepreneurRate this question:
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- 13.
Microeconomics is the part of economics study that looks at the behavior of people and organizations in particular markets
- A.
True
- B.
False
Correct Answer
A. TrueExplanation
Microeconomics focuses on studying the behavior of individuals and firms within specific markets. It analyzes how consumers make decisions regarding the allocation of their resources, as well as how firms determine prices and production levels. By examining the interactions between buyers and sellers, microeconomics provides insights into market equilibrium, supply and demand, and the overall efficiency of resource allocation. Therefore, the statement that microeconomics is the part of economics study that looks at the behavior of people and organizations in particular markets is true.Rate this question:
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- 14.
Disadvantages are exposed customers to the risk of theft when making online payments. Expertise needed. Risk of unsatisfied customers who are not able to physically inspect purchases
- A.
True
- B.
False
Correct Answer
A. TrueExplanation
The given statement is true. It states that there are disadvantages for customers when making online payments. One disadvantage is the risk of theft, as online transactions can be vulnerable to hacking and fraud. Another disadvantage is the inability for customers to physically inspect their purchases, which can lead to dissatisfaction if the product does not meet their expectations. These factors highlight the potential risks and drawbacks of online payments.Rate this question:
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- 15.
Cyberbullying and cyberstalking are forms of online harassment
- A.
True
- B.
False
Correct Answer
A. TrueExplanation
Cyberbullying and cyberstalking are both forms of online harassment. Cyberbullying refers to the act of using technology, such as social media or messaging platforms, to harass, intimidate, or target someone repeatedly. It often involves spreading rumors, sharing embarrassing photos or videos, or sending threatening messages. Cyberstalking, on the other hand, involves the persistent and unwanted pursuit or harassment of someone online, often with the intention to cause fear or distress. Both behaviors can have serious consequences for the victims, including emotional trauma, social isolation, and even physical harm. Therefore, the statement "Cyberbullying and cyberstalking are forms of online harassment" is true.Rate this question:
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- 16.
Oobah Butler's Vice comprehensively — and quite beautifully — dismantles TripAdvisor's very essence. Guiding a fake restaurant to the top of London's rankings is a dramatic public shaming; the fried egg may be on Butler's foot, but it ends scrambled on the face of the internet's controversial review site. At Butler’s unreal and surreal South London restaurant, power bleach tablets and shaving foam were used to mock up alluring, Instagram-ready food pictures. The menu was divided into evocative, provocative categories like ‘Lust’, Empathetic’, and ‘Love’. It featured such impossible oddities as ‘vegan clams’. One dish was served in an ‘Egyptian cotton bowl’; Bovril was described as ‘warm beef tea’. Jay Rayner decided: no, thank you. Thousands of others thought: wow, this sounds fascinating, let’s book. Or try to, anyway. The Shed at Dulwich was this year’s Chiltern Firehouse.
- A.
TripAdvisor is not bad at all — it’s that the real issues arise when people share their not-so-genuine opinions.
- B.
TripAdvisor should shut down its site.
- C.
Analyzing TripAdvisor’s questionable integrity was new.
- D.
Reviews in trip advisor are all credible not fake.
Correct Answer
A. TripAdvisor is not bad at all — it’s that the real issues arise when people share their not-so-genuine opinions.Explanation
The given answer suggests that TripAdvisor itself is not inherently bad, but the real problem lies in the fact that people share fake or biased opinions on the platform. This explanation aligns with the information provided in the passage, which highlights how Oobah Butler was able to manipulate TripAdvisor's rankings by creating a fake restaurant and receiving positive reviews. It implies that the issue lies with the credibility of the reviews rather than the platform itself.Rate this question:
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- 17.
If A Fake Restaurant Is London’s #1 How Can We Trust Anything Online? Which is not helpful to answer this question?
- A.
Understanding the human psychology is and always will be the core advantage to market any product or service. It is the one thing I believe separates successful companies from the ones who just do not understand about the needs of their audiences and keep on creating content which is not a great fit or doesn't solves any dire problem.
- B.
We are relying more and more on information we find online. When we search for information on a news story, sometimes a fake and distorted news story will appear before any real analysis.
- C.
The key take away being is that to always have human first approach, understand your customers/readers needs and then craft your marketing strategy around those.
- D.
We regularly hear about drivers following their car GPS, even when the computer tells them to drive into a river. They drive into the river anyway, because the computer said that this is the right direction. In this case, Butler has proven that even though it requires a lot of effort to game reviews and recommendations online, it is possible.
Correct Answer
B. We are relying more and more on information we find online. When we search for information on a news story, sometimes a fake and distorted news story will appear before any real analysis. -
- 18.
Oobah inadvertently created a form of scarcity unlike any other, the rule of simple economics applies as greater the demand and the rarer the supply, the perceived value increases exponentially. By telling everyone that the only way they can get to eat at The Shed at Dulwich was to book in advance, and when people called in they’d get a response that sorry they have been fully booked for months in advance. The word of mouth spread and as his restaurant rose in the #TripAdvisors ranking so did the number of calls to reservations rejected, and that brought about a snowball effect as the number of people who seek adventure, excitement and fantasize about unique food places got all hyped up for a restaurant they all want to experience but simply cannot reserve a table. So, lesson learned, Is "SCARCITY" something marketers use on a daily basis and even though we have come to realize most of the limited time offers aren't true, but human minds are fragile and yet we stay in vicious cycle of consuming more of what is less?
- A.
True
- B.
False
Correct Answer
A. TrueExplanation
The explanation for the given correct answer is that scarcity is indeed something that marketers use on a daily basis. By creating a sense of limited availability or exclusivity, marketers can increase the perceived value of a product or service. This is because when something is scarce or in high demand, people tend to desire it more. In the case of Oobah and The Shed at Dulwich, by falsely claiming that the restaurant was fully booked for months in advance, it created a sense of scarcity and increased the hype and desire for the restaurant. This demonstrates how scarcity can be a powerful marketing tool.Rate this question:
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- 19.
Any activity that seeks to provide goods and services to others while operating at a profit.
- A.
Profit
- B.
Business
- C.
Service
- D.
Merchandise
Correct Answer
B. BusinessExplanation
Business refers to any activity that seeks to provide goods and services to others while operating at a profit. This means that a business aims to offer products or services to customers in exchange for money, with the intention of making a financial gain. Businesses can range from small local shops to large multinational corporations, and they play a crucial role in the economy by creating employment opportunities and driving economic growth.Rate this question:
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- 20.
Detecting fake news is hard, and it’s about to get a whole lot harder. In today’s digital world, fake news is reported about as frequently as legitimate news is. As online information continues to expand at astonishing rates, the challenge becomes clear. More than ever, solid media literacy skills are a must for everyone, This especially applies to our young learners. According to Common Sense Media, practically anyone can generate a fake news story. Mostly it’s done to generate revenue from ads, but all the same it’s very easy to do. As advancements in audio-video technology progress, detecting fake news will be even more difficult as time goes on. The realism we can produce with digital media applications is altogether breathtaking and unsettling, depending on how you look at it. Either way, media literacy is no longer an option for any of us. Which of the following is NOT the best way to detect fake news?
- A.
Just because a site is popular among your friends does not mean its content is accurate.
- B.
Be wary of unusual top-level domain names, like “.com.co.” A second-level domain like “abcnews” may appear credible. But note that abcnews.com.co is a different and illegitimate site, though designed to appear similar to the original.
- C.
Do you notice splling erors [sic], lots of ALL CAPS, or dramatic punctuation?!?!?! If so, abort your reading mission. Reputable sources have high proofreading and grammatical standards.
- D.
Who is (or is not) quoted, and what do they say? If you notice a glaring lack of quotes and contributing sources, particularly on a complex issue, then something is amiss. Credible journalism is fed by fact-gathering, so a lack of research likely means a lack of fact-based information.
Correct Answer
A. Just because a site is popular among your friends does not mean its content is accurate.Explanation
The explanation for the given correct answer is that popularity among friends does not necessarily indicate the accuracy of the content on a website. The fact that a site is popular does not guarantee that it provides reliable and factual information. It is important to evaluate the credibility of the source based on other factors such as the domain name, proofreading standards, and presence of quotes and contributing sources.Rate this question:
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Jul 13, 2023Quiz Edited by
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Aug 12, 2018Quiz Created by
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