Quiz: Introduction To Business 101 Part #5

30 Questions | Total Attempts: 56

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Introduction To Business Quizzes & Trivia

Questions and Answers
  • 1. 
    The ____ is a name given to a product or service to distinguish it from other similar and competitive items.
    • A. 

      Logo

    • B. 

      Patent

    • C. 

      Logo

    • D. 

      Copyright

  • 2. 
    Comparison shoppers do not usually evaluate:
    • A. 

      Services

    • B. 

      Price

    • C. 

      Quality

    • D. 

      Edorsements by celebrities

  • 3. 
    When an item is not received or returned and the item is billed to the customer's credit card, the customer has __ to dispute it.
    • A. 

      60 days

    • B. 

      90 days

    • C. 

      120 days

    • D. 

      30 days

  • 4. 
    The warranty imposed by law and understood to apply even though it has not been stated is the:
    • A. 

      Implied warranty

    • B. 

      Statutory warranty

    • C. 

      Express warranty

    • D. 

      Guaranteed warranty

  • 5. 
    What happens each time a person makes a car payment?
    • A. 

      The net income increases

    • B. 

      The net worth is increased

    • C. 

      The liabilities decrease

    • D. 

      The disposable income increases

  • 6. 
    _____ represent an example of a variable expense.
    • A. 

      Groceries

    • B. 

      Mortgages payments

    • C. 

      Rent payments

    • D. 

      Insurance premiums

  • 7. 
    The ____ is a type of money order typically issued by travel agencies, supermarkets, pharmacies, and convenience stores.
    • A. 

      Cashier's check

    • B. 

      Express money order

    • C. 

      Postal money order

    • D. 

      Bank money order

  • 8. 
    When a company has a code of ethics:
    • A. 

      It should stress forbidden actions rather than acceptable behavior

    • B. 

      Employees will always know how to behave under different circumstances

    • C. 

      Employees are frequently unaware of rules for using the computer at work

    • D. 

      It will more easily be able to identify proper employee behavior

  • 9. 
    Police and fire protection are usually provided by ___ in the United States.
    • A. 

      Federal government

    • B. 

      State government

    • C. 

      Corporations

    • D. 

      Local government

  • 10. 
    _____ is not a utility company.
    • A. 

      The gas company

    • B. 

      A gas station

    • C. 

      A telephone company

    • D. 

      The electric company

  • 11. 
    Which one of the following represents a strategy of how the U.S. government gets involved in business activities?
    • A. 

      It tells businesses what they should produce and what they can charge their customers

    • B. 

      It owns the most factors of prodcution

    • C. 

      It tells people what jobs they will pursue

    • D. 

      It attempts to prevent unfair business practices

  • 12. 
    An important first step in the career planning process is:
    • A. 

      Personal assessment

    • B. 

      Employment market analysis

    • C. 

      Career development

    • D. 

      Application process

  • 13. 
     What is the recommended length of a résumé?
    • A. 

      One to two pages

    • B. 

      The length necessary to include all pertinent information

    • C. 

      Three pages

    • D. 

      No more than one page

  • 14. 
    A mentor is a(n):
    • A. 

      Peer working in the same industry

    • B. 

      Supervisor

    • C. 

      Experienced worker in an individual's field of interest

    • D. 

      Top executive in the company

  • 15. 
    What is the type of insurance that protects a car owner against financial loss resulting from a wreck or rollover called?
    • A. 

      Collision coverage

    • B. 

      Uninsured motorist coverage

    • C. 

      Liability coverage

    • D. 

      Deductible coverage

  • 16. 
    Bodily injury liability auto insurance does not cover:
    • A. 

      Pedestrians

    • B. 

      The policyholder

    • C. 

      Passengers riding with the policyholder

    • D. 

      People in the other cars

  • 17. 
    _____ is not a type of permanent life insurance:
    • A. 

      Whole life insurance

    • B. 

      Universal life insurance

    • C. 

      Variable life insurance

    • D. 

      Term life insurance

  • 18. 
    ______ is a type of health insurance that provides protection against the high costs of serious illnesses or injuries.
    • A. 

      Major medical insurance

    • B. 

      Hospital insurance

    • C. 

      Regular medical insurance

    • D. 

      Surgical insurance

  • 19. 
    What does property tax revenue not pay?
    • A. 

      Community parks

    • B. 

      Police protection

    • C. 

      Schools

    • D. 

      Medicare and Medicaid

  • 20. 
    Government in the market economy is not concerned with:
    • A. 

      Providing services for members of society

    • B. 

      Regulating utilities and promoting competition

    • C. 

      Providing information to businesses

    • D. 

      Taking over private industries

  • 21. 
    The government of a particular country owns and controls all economic resources and decides how those resources will be used. This is an example of a:
    • A. 

      Market economy

    • B. 

      Traditional economy

    • C. 

      Laissez-faire economy

    • D. 

      Command economy

  • 22. 
    Which one of the following is not one of the major principles of the U.S. economic system?
    • A. 

      Profit

    • B. 

      Freedom of choice

    • C. 

      Private property

    • D. 

      Tradition

  • 23. 
    _______ is not an ethical violation by employees.
    • A. 

      Overtime

    • B. 

      Wasted time at work

    • C. 

      Employee theft

    • D. 

      Using the workplace computer for personal e-mail

  • 24. 
    The ______ is someone hired to solve specific problems.
    • A. 

      Evaluator

    • B. 

      Supervisor

    • C. 

      Trouble-shooter

    • D. 

      Whistle blower

  • 25. 
    What is the Egoism principle?
    • A. 

      Involves personal action for the good of the team

    • B. 

      Involves action that serves the person's long-term interests

    • C. 

      Trades individual well-being for team well-being

    • D. 

      Considers the feelings of others

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