Step into the world of business with our "Introduction to Business Quiz 101," designed for individuals seeking a foundational understanding of key concepts. Whether you're a prospective entrepreneur, a student beginning a business course, or simply curious about business principles, this quiz provides an insightful exploration.
The quiz comprises several sections, starting with "Foundations of Business," where participants delve into fundamental concepts and terminology essential for a comprehensive understanding of commercial activities. The subsequent section, "Business Ethics and Social Responsibility," explores the ethical considerations and societal roles businesses navigate in our global landscape.
This quiz serves as a stepping stone, offering participants a broad overview of business fundamentals and setting the stage for deeper explorations into the world of commerce. Whether you're a beginner or looking to refresh your knowledge, this quiz is designed to enhance your understanding of key business principles. Good luck!
Peer working in the same industry
Supervisor
Experienced worker in an individual's field of interest
Top executive in the company
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Overtime
Wasted time at work
Employee theft
Using the workplace computer for personal e-mail
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Major medical insurance
Hospital insurance
Regular medical insurance
Surgical insurance
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Canada
The United States
Brazil
Ireland
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Foreign debt
Balance of trade
Trade surplus
Trade deficit
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Profit
Freedom of choice
Private property
Tradition
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Groceries
Mortgages payments
Rent payments
Insurance premiums
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The gas company
A gas station
A telephone company
The electric company
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It should stress forbidden actions rather than acceptable behavior
Employees will always know how to behave under different circumstances
Employees are frequently unaware of rules for using the computer at work
It will more easily be able to identify proper employee behavior
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Excise tax
Tariff
Embargo
Quota
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Logo
Patent
Logo
Copyright
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Market economy
Traditional economy
Laissez-faire economy
Command economy
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Whole life insurance
Universal life insurance
Variable life insurance
Term life insurance
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Implied warranty
Statutory warranty
Express warranty
Guaranteed warranty
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It tells businesses what they should produce and what they can charge their customers
It owns the most factors of prodcution
It tells people what jobs they will pursue
It attempts to prevent unfair business practices
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Collision coverage
Uninsured motorist coverage
Liability coverage
Deductible coverage
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Community parks
Police protection
Schools
Medicare and Medicaid
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The net income increases
The net worth is increased
The liabilities decrease
The disposable income increases
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Personal assessment
Employment market analysis
Career development
Application process
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Providing services for members of society
Regulating utilities and promoting competition
Providing information to businesses
Taking over private industries
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International business
Export business
World trade global dependancy
Domestic business
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Pedestrians
The policyholder
Passengers riding with the policyholder
People in the other cars
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Cashier's check
Express money order
Postal money order
Bank money order
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Involves personal action for the good of the team
Involves action that serves the person's long-term interests
Trades individual well-being for team well-being
Considers the feelings of others
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Regular
Special
Interest-earning
Activity
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Federal government
State government
Corporations
Local government
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60 days
90 days
120 days
30 days
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Evaluator
Supervisor
Trouble-shooter
Whistle blower
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One to two pages
The length necessary to include all pertinent information
Three pages
No more than one page
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Quiz Review Timeline (Updated): Dec 12, 2023 +
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