Quiz: Introduction To Business 101 Part #4

8 Questions | By Byrnsmjr | Last updated: Mar 20, 2022 | Total Attempts: 140

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Introduction To Business Quizzes & Trivia

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1.

A company that does business in many countries and has facilities and offices in many countries is considered a:
- A.
  
  Foreign exchange market
- B.
  
  Free trade corporation
- C.
  
  Multinational corporation
- D.
  
  Export corporation
2.

Products one country buys from another country:
- A.
  
  Export
- B.
  
  Import
- C.
  
  Trade surplus
- D.
  
  Trade deficity
3.

A view that there should be limits on foreign trade in order to protect businesses at home:
- A.
  
  Protectionism
- B.
  
  Free trade
- C.
  
  Trade deficit
- D.
  
  Global market
4.

The difference in value between how much a country imports and how much it exports:
- A.
  
  Free trade
- B.
  
  Trade surplus
- C.
  
  Trade deficit
- D.
  
  Balance of trade
5.

What is the primary reason why businesses are setup?
- A.
  
  To provide jobs
- B.
  
  To provide goods and services
- C.
  
  To earn profits
- D.
  
  To develop a community
6.

Which of the following persons are most likely to use accounting information?
- A.
  
  Business owners
- B.
  
  Lending institutions
- C.
  
  Both
- D.
  
  None
7.

The difference between the sale of an item and what it cost the get the item sold, is called:
- A.
  
  Gross profit
- B.
  
  Gross loss
- C.
  
  Trade surplus
- D.
  
  Trade deficit

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