Quiz: Introduction To Business 101 Part #4

8 Questions | Total Attempts: 140

SettingsSettingsSettings
Introduction To Business Quizzes & Trivia

Questions and Answers
  • 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

Back to Top Back to top