My Schools Grade 10 Business Exam
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- 1.What is Profit?
- A.
When prices increase, consumers buy less
- B.
The expenses after are paid costs
- C.
The income that is left after all costs and expenses are paid
- D.
Borrowing money to run a business.
- 2.
- A.
An organization that does not seek profit, but instead raises money for a charity,
- B.
An organization where you buy from
- C.
Not-for-profit organization: Is an organization such as housing or child-care Co-operative that also does not seek a profit.
- D.
An organization that borrows money to run a business.
- 3.What are Needs?
- A.
Things you like to haveing
- B.
Things you do not need to survive but have them as entertainment such as IPods and PS3.
- C.
Things you need in life to survive such as water, food and shelter
- D.
Stuff you need for fun
- 4.
- A.
An organization that does not seek profit, but instead raises money for a charity,
- B.
A grop
- C.
A type of business
- D.
An organization such as housing or child-care Co-operative that also does not seek a profit.
- 5.
- A.
Thins that you want in life
- B.
Things you need in life to survive such as water, food and shelter
- C.
The relationship of increasing the quantity supplied as prices increase.
- D.
Things you do not need to survive but have them as entertainment such as IPods and PS3.
- 6.Ethics are the rules that help us tell the difference between right and wrong and encourage us to do the right thing.
- A.
True
- B.
False
- 7.What is Law of Demand?
- A.
When prices increase, consumers buy less
- B.
The income that is left after all costs and expenses are paid
- C.
The relationship of increasing the quantity supplied as prices increase
- D.
Borrowing money to run a business.
- 8.What are Types of Businesses?
- 9.What is Debt financing?
- A.
Taking money
- B.
borrowing money to run a business.
- C.
Makeing money
- D.
Using yours savings or investor’s savings to run your business.
- 10.
- A.
Borrowing money to run a business.
- B.
Useing someones money and not giveing it back
- C.
Using yours savings or investor’s savings to run your business
- D.
: is the relocation of a company’s operations to another country.
- 11.What is Offshoring?
- A.
The rules that help us tell the difference between right and wrong and encourage us to do the right thing
- B.
Borrowing money to run a business.
- C.
Is the relocation of a company’s operations to another country
- 12.What are Ethics?
- 13.Code of Ethics Explains specifically how employees should respond in different situations.
- A.
True
- B.
False
- 14.Harassment are behaviours that are found to be good and nice
- A.
True
- B.
False
- 15.Natural resources are materials that come from the earth, warter, and air?
- A.
True
- B.
False
- 16.Human resources are the people who work to creat the goods and services?
- A.
True
- B.
False
- 17.Capital Resources are buildings,equment, tools, trucks and factories
- A.
True
- B.
False
- 18.What is balance of trade?
- A.
The relationship between a country'y total imports and exports
- B.
The rules that help us tell the difference between right and wrong and encourage us to do the right thing
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