Quiz
Introduction to Business Exam Review- BBI2O (Canadian Focus)
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Fragen in diesem Quiz (39)
1Another name for economic resources is
- Ahuman resources
- Bfactors of production
- Ccapital resources
- Dnatural resources
2This type of business is often considered more complex than other types of businesses.
- AService
- BRetail
- CManufacturing
- DNot-for-Profit
3The most important selection of criteria used by human resources in the hiring process is to rely on information provided in
- Aa resume
- Ban interview
- Can application letter
- Da reference check
4A duty to accommodate refers to an employer's obligation to take appropriate steps to eliminate discrimination against employees.
- ARichtig
- BFalsch
5In North America, decision making is typically bottom up.
- ARichtig
- BFalsch
6What is another term for international trade?
- AMarket Trade
- BForeign Trade
- CGlobal Trade
- DNational Trade
7What does EFTA stand for?
- AEuropean Foreign Trade Association
- BEuropean Foreign Agreement
- CEuropean Free Trade Agreement
- DEuropean Free Trade Association
8The members of the G8 usually meet in this season
- AFall
- BWinter
- CSpring
- DSummer
9In terms of grading, Choice is better than Prime
- ARichtig
- BFalsch
10The majority of the ingredient listed on a bag of bread would be natural resources.
- ARichtig
- BFalsch
11Which of the following is not a factor of production
- Araw materials
- Bnatural resources
- Cprocessing
- Dmanagement
12Which of the following is an example of a capital resource.
- ASupervisor
- BTalent
- CWheat
- DInternet
13[blank_start]Supplies[blank_end] are used to maintain the machines that make KitKat chocolate bars
- ASupplies
- BIngredients
- CRaw Materials
- DTools
14[blank_start]Raw Materials[blank_end] are goods that are used in the manufacturing of other goods.
- ARaw Materials
- BNatural Resources
- CSupplies
- DManagers
15The commercial market and the consumer market are considered to be the two Cs of Marketing.
- ARichtig
- BFalsch
16Liabilities are debts owed to others and are similar to assets owned by the same person.
- ARichtig
- BFalsch
17Assets for a business would include such things such as cash, accounts payable, supplies, inventory, bank loans, equipment, and land.
- ARichtig
- BFalsch
18If an owner earned $30,000 by the end of the accounting period, which account would deb adjusted
- ACash
- BOwner`s Equity
- CAccounts Receivable
- DAccounts Payable
19A company begins it`s fiscal year on June 1st. At that time their beginning inventory is $1250. The total goods available for sale for the year was $7250. When they counted their inventory at the end of the year they had $800 worth left.
What was the value of the goods purchased for the year- A$8,500
- B$450
- C$6,000
- D$6,450
20What needs fall under the categories of each tier on Maslow's Hierarchy of Needs?
- Afood, water, shelter
- Bsafe communities, security
- CLove, Friends, Family, strong community
- Drespect, self confidence, acceptance
- Espiritual needs, meaning to life
21As price rises...
- Aboth supply and demand increase
- Bsupply increases, demand decreases
- Cdemand increases, supply decreases
- Dboth supply and demand decrease
22A sole proprietorship has [blank_start]unlimited liability.[blank_end]
A partnership had [blank_start]limited liability[blank_end].
Shareholders in corporations are [blank_start]not liable.[blank_end]- Aunlimited liability.
- Blimited liability
- Cnot liable.
23SOHO stands for
- Asmall office, home office
- Bsupply, open markets, human resources, operations
24Both debt and equity financing refer to borrowing money.
- ARichtig
- BFalsch
25Many companies relocate their locations to other countries because it is [blank_start]less expensive[blank_end].
- Aless expensive
26Check off all the basic rights of the worker as outlined by the OHSA (Ontario Health and Safety Act)
- ATo refuse unsafe work
- BTo fix any safety concerns in the workplace
- CTo sue the company they work for if they get hurt
- DTo participate in workplace health and safety activities
- ETo be informed of any hazards in the workplace
- FTo do their best to make the workplace safe for others
27Grassroots refers to something that starts from the bottom upwards.
- ARichtig
- BFalsch
28Check off the benefits of trading internationally for businesses
- AAccess to markets
- BTariffs
- CCheap Labour
- DIncreased quality of goods
- EMore jobs available
- FIncreased quantity of goods
- GCloser countries
- HPolitical allegiances are more likely to be formed
- IAccess to resources
29The 5 Ps of international trade
[blank_start]Product[blank_end] refers to what can be produced based on the country's resources.
[blank_start]Price[blank_end] refers to where it is cheapest to produce
[blank_start]Proximity[blank_end] refers to how close a countries are to each other (the closer the easier it is to trade)
[blank_start]Preference[blank_end] refers to reputations countries build for certain products (eg. French wine, Swiss watches)
[blank_start]Promotion[blank_end] refers to how companies get people to buy their products and how easy this is for them.
- AProduct
- BPrice
- CProximity
- DPreference
- EPromotion
30Which of these options is not a natural resource?
- AArgiculture
- BFuel and Energy
- CFarming
- DMining
- EWater
31Consolidation refers to replacing workers with machines.
- ARichtig
- BFalsch
32The production process consists of the following:
1. [blank_start]Purchasing[blank_end]
2. [blank_start]Processing[blank_end]
3. [blank_start]Quality Controll[blank_end]
4. [blank_start]Grading[blank_end]- APurchasing
- BProcessing
- CQuality Control
- DGrading
- EQuality Controll
- FPurchasing
- GGrading
- HProcessing
- IQuality Control
- JProcessing
- KPurchasing
- LGrading
- MQuality Control
- NGrading
- OProcessing
- PPurchasing
33Which option refers to receiving pay for a single job, often covered by a contract.
- ACommision
- BPiece work
- CFee for Service
- DRoyalty
34What do each of the WHIMIS symbols mean?
- ASubstance has immediate toxic effects
- BSubstance has other toxic effects
- CCompressed gas
- DBiohazard
- EOxidizing material
- FFlammable
- GCorrosive material
- Hdangerously radioactive
35What kind of logo is this?
- AVisual symbol
- BMonogram
- CAbstract
36This non-traditional product life cycle is very popular for a breif ammount of time.
- Afad
- Btrend
- Cseasonal Market
- DNiche market
37Check off the 4 Ps of Marketing
- AProximity
- BPlace
- CProduct
- DPeople
- EPrice
- FPackaging
- GPromotion
38Label the different parts to this balance sheet.
- AThings of value that the business has
- BDebts the business has
- CMoney on hand and in the bank
- DMoney that other people owe the business
- EThings the business owes to other people
- FLiabilities+owners equity= assets
- GAssets-Liabilities=owner's equity
- HHow much money the owner has with debts
39The equation for calculating the net income of a retail business is revenue-expenses=net income.
- ARichtig
- BFalsch
Informationen
- Beschreibung
- This quiz covers all content learned in the grade 9 Introduction to Business course. The topics covered include: Types of Businesses Economic Basics Ethics and Social Responsibility International Business Production Human Resources Marketing Accounting The first 21 questions were taken from old quizzes and tests, they were questions I answered wrong and wanted to focus on. The rest of the questions I came up with myself.
- Sprache
- English
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- 1.217
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