12th Grade Online Business Questions! Trivia Quiz

20 Questions | Total Attempts: 164

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12th Grade Quizzes & Trivia

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. .


Questions and Answers
  • 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

  • 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

  • 3. 
    Technology hotspot located in New York
    • A. 

      Silicon Alley

    • B. 

      Silicon Valley

    • C. 

      Silicon Forest

    • D. 

      Silicon Nature

  • 4. 
    Technology hotspot located in Oregon
    • A. 

      Silicon Valley

    • B. 

      Silicon Forest

    • C. 

      Silicon Nature

    • D. 

      Silicone Forests

  • 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

  • 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.

  • 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

  • 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

  • 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

  • 10. 
    Businesses which operate on the internet.
    • A. 

      Advantage

    • B. 

      Disadvantage

    • C. 

      Brokerage

    • D. 

      Online Business

  • 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

  • 12. 
    Economics is a person who risks time and money to start and manage a business 
    • A. 

      True

    • B. 

      False

  • 13. 
    Microeconomics is the part of economics study that looks at the behavior of people and organizations in particular markets
    • A. 

      True

    • B. 

      False

  • 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

  • 15. 
    Cyberbullying and cyberstalking are forms of online harassment
    • A. 

      True

    • B. 

      False

  • 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.

  • 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.

  • 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

  • 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

  • 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.