Quiz por Odessa Hewitt-Bernhard, criado more than 1 year ago

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.

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	Criado por Odessa Hewitt-Bernhard quase 7 anos atrás

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Introduction to Business Exam Review- BBI2O (Canadian Focus)

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Questão 1 de 39

Another name for economic resources is

Selecione uma das seguintes:

human resources
factors of production
capital resources
natural resources

Explicação

Questão 2 de 39

This type of business is often considered more complex than other types of businesses.

Selecione uma das seguintes:

Service
Retail
Manufacturing
Not-for-Profit

Explicação

Questão 3 de 39

The most important selection of criteria used by human resources in the hiring process is to rely on information provided in

Selecione uma das seguintes:

a resume
an interview
an application letter
a reference check

Explicação

Questão 4 de 39

A duty to accommodate refers to an employer's obligation to take appropriate steps to eliminate discrimination against employees.

Selecione uma das opções:

VERDADEIRO
FALSO

Explicação

Questão 5 de 39

In North America, decision making is typically bottom up.

Selecione uma das opções:

VERDADEIRO
FALSO

Explicação

Questão 6 de 39

What is another term for international trade?

Selecione uma das seguintes:

Market Trade
Foreign Trade
Global Trade
National Trade

Explicação

Questão 7 de 39

What does EFTA stand for?

Selecione uma das seguintes:

European Foreign Trade Association
European Foreign Agreement
European Free Trade Agreement
European Free Trade Association

Explicação

Questão 8 de 39

The members of the G8 usually meet in this season

Selecione uma das seguintes:

Fall
Winter
Spring
Summer

Explicação

Questão 9 de 39

In terms of grading, Choice is better than Prime

Selecione uma das opções:

VERDADEIRO
FALSO

Explicação

Questão 10 de 39

The majority of the ingredient listed on a bag of bread would be natural resources.

Selecione uma das opções:

VERDADEIRO
FALSO

Explicação

Questão 11 de 39

Which of the following is not a factor of production

Selecione uma das seguintes:

raw materials
natural resources
processing
management

Explicação

Questão 12 de 39

Which of the following is an example of a capital resource.

Selecione uma das seguintes:

Supervisor
Talent
Wheat
Internet

Explicação

Questão 13 de 39

Selecione da lista do Menu para completar o texto.

( Supplies, Ingredients, Raw Materials, Tools ) are used to maintain the machines that make KitKat chocolate bars

Explicação

Questão 14 de 39

Selecione da lista do Menu para completar o texto.

( Raw Materials, Natural Resources, Supplies, Managers ) are goods that are used in the manufacturing of other goods.

Explicação

Questão 15 de 39

The commercial market and the consumer market are considered to be the two Cs of Marketing.

Selecione uma das opções:

VERDADEIRO
FALSO

Explicação

Questão 16 de 39

Liabilities are debts owed to others and are similar to assets owned by the same person.

Selecione uma das opções:

VERDADEIRO
FALSO

Explicação

Questão 17 de 39

Assets for a business would include such things such as cash, accounts payable, supplies, inventory, bank loans, equipment, and land.

Selecione uma das opções:

VERDADEIRO
FALSO

Explicação

Questão 18 de 39

If an owner earned $30,000 by the end of the accounting period, which account would deb adjusted

Selecione uma das seguintes:

Cash
Owner`s Equity
Accounts Receivable
Accounts Payable

Explicação

Questão 19 de 39

A 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

Selecione uma das seguintes:

$8,500
$450
$6,000
$6,450

Explicação

Questão 20 de 39

What needs fall under the categories of each tier on Maslow's Hierarchy of Needs?

Arraste a resposta correta para cada ponto laranja.

food, water, shelter

safe communities, security

Love, Friends, Family, strong community

respect, self confidence, acceptance

spiritual needs, meaning to life

Explicação

Questão 21 de 39

As price rises...

Selecione uma das seguintes:

both supply and demand increase
supply increases, demand decreases
demand increases, supply decreases
both supply and demand decrease

Explicação

Questão 22 de 39

A sole proprietorship has ❌
A partnership had ❌.
Shareholders in corporations are ❌

Arraste e solte para completar o texto.

unlimited liability.

limited liability

not liable.

Explicação

Questão 23 de 39

SOHO stands for

Selecione uma das seguintes:

small office, home office
supply, open markets, human resources, operations

Explicação

Questão 24 de 39

Both debt and equity financing refer to borrowing money.

Selecione uma das opções:

VERDADEIRO
FALSO

Explicação

Questão 25 de 39

Preencha o espaço em branco para completar o texto.

Many companies relocate their locations to other countries because it is .

Explicação

Questão 26 de 39

Check off all the basic rights of the worker as outlined by the OHSA (Ontario Health and Safety Act)

Selecione uma ou mais das seguintes:

To refuse unsafe work
To fix any safety concerns in the workplace
To sue the company they work for if they get hurt
To participate in workplace health and safety activities
To be informed of any hazards in the workplace
To do their best to make the workplace safe for others

Explicação

Questão 27 de 39

Grassroots refers to something that starts from the bottom upwards.

Selecione uma das opções:

VERDADEIRO
FALSO

Explicação

Questão 28 de 39

Check off the benefits of trading internationally for businesses

Selecione uma ou mais das seguintes:

Access to markets
Tariffs
Cheap Labour
Increased quality of goods
More jobs available
Increased quantity of goods
Closer countries
Political allegiances are more likely to be formed
Access to resources

Explicação

Questão 29 de 39

The 5 Ps of international trade
❌ refers to what can be produced based on the country's resources.
❌ refers to where it is cheapest to produce
❌ refers to how close a countries are to each other (the closer the easier it is to trade)
❌ refers to reputations countries build for certain products (eg. French wine, Swiss watches)
❌ refers to how companies get people to buy their products and how easy this is for them.

Arraste e solte para completar o texto.

Product

Price

Proximity

Preference

Promotion

Explicação

Questão 30 de 39

Which of these options is not a natural resource?

Selecione uma das seguintes:

Argiculture
Fuel and Energy
Farming
Mining
Water

Explicação

Questão 31 de 39

Consolidation refers to replacing workers with machines.

Selecione uma das opções:

VERDADEIRO
FALSO

Explicação

Questão 32 de 39

Selecione das listas do Menu para completar o texto.

The production process consists of the following:
1. ( Purchasing, Processing, Quality Control, Grading )
2. ( Quality Controll, Purchasing, Grading, Processing )
3. ( Quality Control, Processing, Purchasing, Grading )
4. ( Quality Control, Grading, Processing, Purchasing )

Explicação

Questão 33 de 39

Which option refers to receiving pay for a single job, often covered by a contract.

Selecione uma das seguintes:

Commision
Piece work
Fee for Service
Royalty

Explicação

Questão 34 de 39

What do each of the WHIMIS symbols mean?

Arraste a resposta correta para cada ponto laranja.

Substance has immediate toxic effects

Substance has other toxic effects

Compressed gas

Biohazard

Oxidizing material

Flammable

Corrosive material

dangerously radioactive

Explicação

Questão 35 de 39

What kind of logo is this?

Selecione uma das seguintes:

Visual symbol
Monogram
Abstract

Explicação

Questão 36 de 39

This non-traditional product life cycle is very popular for a breif ammount of time.

Selecione uma das seguintes:

fad
trend
seasonal Market
Niche market

Explicação

Questão 37 de 39

Check off the 4 Ps of Marketing

Selecione uma ou mais das seguintes:

Proximity
Place
Product
People
Price
Packaging
Promotion

Explicação

Questão 38 de 39

Label the different parts to this balance sheet.

Arraste a resposta correta para cada ponto laranja.

Things of value that the business has

Debts the business has

Money on hand and in the bank

Money that other people owe the business

Things the business owes to other people

Liabilities+owners equity= assets

Assets-Liabilities=owner's equity

How much money the owner has with debts

Explicação

Questão 39 de 39

The equation for calculating the net income of a retail business is revenue-expenses=net income.

Selecione uma das opções:

VERDADEIRO
FALSO

Introduction to Business Exam Review- BBI2O (Canadian Focus)

Questão 1 de 39

Another name for economic resources is

Selecione uma das seguintes:

Explicação

Questão 2 de 39

This type of business is often considered more complex than other types of businesses.

Selecione uma das seguintes:

Explicação

Questão 3 de 39

The most important selection of criteria used by human resources in the hiring process is to rely on information provided in

Selecione uma das seguintes:

Explicação

Questão 4 de 39

A duty to accommodate refers to an employer's obligation to take appropriate steps to eliminate discrimination against employees.

Selecione uma das opções:

Explicação

Questão 5 de 39

In North America, decision making is typically bottom up.

Selecione uma das opções:

Explicação

Questão 6 de 39

What is another term for international trade?

Selecione uma das seguintes:

Explicação

Questão 7 de 39

What does EFTA stand for?

Selecione uma das seguintes:

Explicação

Questão 8 de 39

The members of the G8 usually meet in this season

Selecione uma das seguintes:

Explicação

Questão 9 de 39

In terms of grading, Choice is better than Prime

Selecione uma das opções:

Explicação

Questão 10 de 39

The majority of the ingredient listed on a bag of bread would be natural resources.

Selecione uma das opções:

Explicação

Questão 11 de 39

Which of the following is not a factor of production

Selecione uma das seguintes:

Explicação

Questão 12 de 39

Which of the following is an example of a capital resource.

Selecione uma das seguintes:

Explicação

Questão 13 de 39

Selecione da lista do Menu para completar o texto.

Supplies Ingredients Raw Materials Tools( Supplies, Ingredients, Raw Materials, Tools ) are used to maintain the machines that make KitKat chocolate bars

Explicação

Questão 14 de 39

Selecione da lista do Menu para completar o texto.

Raw Materials Natural Resources Supplies Managers( Raw Materials, Natural Resources, Supplies, Managers ) are goods that are used in the manufacturing of other goods.

Explicação

Questão 15 de 39

The commercial market and the consumer market are considered to be the two Cs of Marketing.

Selecione uma das opções:

Explicação

Questão 16 de 39

Liabilities are debts owed to others and are similar to assets owned by the same person.

Selecione uma das opções:

Explicação

Questão 17 de 39

Assets for a business would include such things such as cash, accounts payable, supplies, inventory, bank loans, equipment, and land.

Selecione uma das opções:

Explicação

Questão 18 de 39

If an owner earned $30,000 by the end of the accounting period, which account would deb adjusted

Selecione uma das seguintes:

Explicação

Questão 19 de 39

A 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

Selecione uma das seguintes:

Explicação

Questão 20 de 39

What needs fall under the categories of each tier on Maslow's Hierarchy of Needs?

Arraste a resposta correta para cada ponto laranja.

( Supplies, Ingredients, Raw Materials, Tools ) are used to maintain the machines that make KitKat chocolate bars

( Raw Materials, Natural Resources, Supplies, Managers ) are goods that are used in the manufacturing of other goods.

A 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 sole proprietorship has ❌
A partnership had ❌.
Shareholders in corporations are ❌