My Schools Grade 10 Business Exam

18 Questions | Total Attempts: 1767

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10th Grade Quizzes & Trivia

Questions and Answers
  • 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