Quiz: Introduction To Business 101 Part #5
- 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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