Intro to Business

Question 1

Which of these is an example of a "nonprofit" organization?

Accepted Answer

The American Red Cross

Question 2

What is "financial literacy"?

Accepted Answer

Understanding how to read financial reports

Question 3

Which of the following is true about small businesses in the U.S.?

Accepted Answer

Small businesses account for more than 50% of all U.S. jobs

Question 4

How many new businesses are started each year in the United States?

Accepted Answer

500,000

Question 5

What is "entrepreneurship"?

Accepted Answer

Starting and running your own business

Question 6

What is the goal of most businesses?

Accepted Answer

To make the highest profits possible

Question 7

Which of these was a famous Ponzi scheme that swindled billions of dollars from investors?

Accepted Answer

Bernie Madoff's Scheme

Question 8

How much business (in terms of transactions) is done in the U.S. every day?

Accepted Answer

$50 billion

Question 9

Which major company famously started in a garage in 1975 and become a leader in personal computers and technology?

Accepted Answer

Microsoft

Question 10

How many businesses fail within the first 5 years in the U.S.?

Accepted Answer

50%

Question 11

What is "e-commerce"?

Accepted Answer

Business conducted entirely through online sales

Question 12

In 2021, which company reached a market value of $2 trillion, making it the first public company to do so?

Accepted Answer

Apple

Question 13

What is "marketing" most concerned with?

Accepted Answer

Selling products to customers

Question 14

Which famous retailer filed for bankruptcy in 2018 after failing to adapt to the rise of e-commerce?

Accepted Answer

Toys "R" Us

Question 15

What is a "business"?

Accepted Answer

An organization that produces and sells goods and services to make a profit

Questions 15