Intro To Business Trivia Questions

75 Questions | Total Attempts: 25

SettingsSettingsSettings
Please wait...
Introduction To Business Quizzes & Trivia

Do you want to test your knowledge about marketing? Let's play this business practice quiz and prove yourself!


Questions and Answers
  • 1. 
    The concept that the boss does the thinking and the employee does the work is outdated.
    • A. 

      True

    • B. 

      False

  • 2. 
    The need for effective management decreases as the business expands.
    • A. 

      True

    • B. 

      False

  • 3. 
    Consumerism is built of the philosophy of �Let the Buyer Beware.�
    • A. 

      True

    • B. 

      False

  • 4. 
    An informal group can help or hinder the proper functioning of a business
    • A. 

      True

    • B. 

      False

  • 5. 
    Consumerism is an organized movement of citizens and government agencies to improve the rights and power of sellers in relation to buyers.
    • A. 

      True

    • B. 

      False

  • 6. 
    A sole proprietorship is a business owned and operated by a board of directors.
    • A. 

      True

    • B. 

      False

  • 7. 
    As a rule, for certificates of deposit the rate of interest your money earns is higher if you agree to keep your money on deposit for a longer period of time.
    • A. 

      True

    • B. 

      False

  • 8. 
    The free enterprise system is a command economic system.
    • A. 

      True

    • B. 

      False

  • 9. 
    The Fair Labor Standards Act does not require businesses to give its employees sick leave or paid vacations.
    • A. 

      True

    • B. 

      False

  • 10. 
    There are restrictions on the owner�s personal liability in a sole proprietorship.
    • A. 

      True

    • B. 

      False

  • 11. 
    The death of a majority stockholder of a corporation results in the dissolution of the corporation.
    • A. 

      True

    • B. 

      False

  • 12. 
    Liability law has had an impact on business by requiring them to place warning labels on products.
    • A. 

      True

    • B. 

      False

  • 13. 
    One of the disadvantages of the corporate form of ownership is the limited liability of its owners.
    • A. 

      True

    • B. 

      False

  • 14. 
    A sole proprietorship must be registered with the state to obtain its legal charter.
    • A. 

      True

    • B. 

      False

  • 15. 
    Ownership in a corporation is shown by stock certificates.
    • A. 

      True

    • B. 

      False

  • 16. 
    Risk management and insurance management is the same thing.
    • A. 

      True

    • B. 

      False

  • 17. 
    Employee bonding is a commonly used protection against employee dishonesty.
    • A. 

      True

    • B. 

      False

  • 18. 
    Insurance is most often used to protect against loses that are unexpected.
    • A. 

      True

    • B. 

      False

  • 19. 
    Compounded interest means that interest is added to your balance (usually quarterly), and then the next quarter the interest is computed on your money deposited plus the last quarter interest.
    • A. 

      True

    • B. 

      False

  • 20. 
    Money market deposit accounts usually pay a lower rate of interest than checking accounts and require a lower minimum balance.
    • A. 

      True

    • B. 

      False

  • 21. 
    Today's coins and paper money (currency) are backed by the promise of the U.S. government.
    • A. 

      True

    • B. 

      False

  • 22. 
    Each individual customer's account is insured by the FDIC up to $1,000,000 per account ownership.
    • A. 

      True

    • B. 

      False

  • 23. 
    Despite labor laws, students of any age can deliver newspapers or work in movies, theatre, TV, radio; or can work in parent-owned business.
    • A. 

      True

    • B. 

      False

  • 24. 
    States can establish minimum wages laws, as long as the minimum wage is higher than that of the federal government.
    • A. 

      True

    • B. 

      False

  • 25. 
    During an interview, an employer
    • A. 

      Can judge an applicant without any further research.

    • B. 

      Should do most of the talking.

    • C. 

      Should find out whether a young woman plans to stay home with her children when they are born.

    • D. 

      Can evaluate the appearance, job knowledge, and personality of the applicant.

Back to Top Back to top