Welcome to the Introduction to Business Quiz. This test is developed to test your fundamental knowledge of business concepts and principles. If you are into business studies, we are sure that you'd like to test your basic knowledge of the topic. Please make sure to read all the questions carefully before answering. All the questions are compulsory. This informative quiz will surely expand your knowledge and make you think outside the box. You are free to attempt this quiz as many times as you like. Ready? So, let's start already!
Gross Domestic Product
Good Distribution Practice
Global Detection Probability
Global Data Pool
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Free trade
External trade
Import trade
Income tax
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Only the people that purchase goods or services from a business.
Just the vendors that sells to the business.
All the people who stand to gain or lose by the policies and activities of a business.
Only the employees that are effected by the policies of a business.
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True
False
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United States
India
China
France
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Consumer advocating.
Business.
Barter systems
None of the above.
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The cost of producing services or goods.
A situation in which price increases are slowing.
A general rise in the prices of goods and services over time.
None of the above.
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Savings
Cash receipts
Revenue
Profit
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Total sales of an organization divided by the sales of the market they serve.
A form of competition in which just a few sellers dominate the market.
Assigning or allocating costs to a specified marketing activity.
None of the above
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Reaganomics
Microeconomics
Free market
Macroeconomics
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Economics
Biology
Chemistry
Business
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Socialism
Communism
Marxism
Capitalism
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North American Fareston versus Tamoxifen Adjuvant
Northern Apex Foreign Trade Association
North American Fiscal Treaty Agreement
North American Free Trade Agreement
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Economic boom and recession
Depression
Recovery
All of the above
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Cost price
Selling price
Market price
None of the above
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Very low prices
Greeting every customer
Professional sales pitch
Quality
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Adam Smith
Frederick Taylor
Thomas Malthus
Thomas Carlye
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The process of producing goods
The amount of input you generate given the amount of output.
The amount of output you generate given the amount of input.
Revolt.
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Monopolistic
Oligopoly
Perfect Competition Market
GDP
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The difference between the debit and the credit sides of an account.
Total sales during a stated period.
The money received by a business from customers.
All of the above
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