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Business quiz
Business quiz
50 terms
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Intro to business quiz
Flashcards
50 cards
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Practice quiz
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Questions
50
Answers
1
What are the types of stores?
Lemonade stand
Discount
Department
Online
2
What is function?
Something
What something does
Sometimes that is broken
3
Is the Scotia Bank schedule 1 or 2?
2
1
4
What is the minimum retirement age?
65
42
10
30
5
What type of distribution chanel are clothes
Wholesalers
Importing
Retailers
6
What was the average salaries in Ontario in 2017?
47,320
$52,260
$59,384
7
How do some employers find employees?
linkedin
indeed
8
Who were the winners of the National Capital Regions top employers of 2018?
Walmart
Adobe Systems Canada
Engineers Canada
Egg Farmers of Canada
9
What is the first level of the Maslow hierarchy of needs?
Self-esteem
Physiological
Safety
10
What are assets?
Wages
People
Loans
Land
11
What is revenue?
Money received by a business
Coins
Money paid
12
What are liabilities?
Buildings
Cash
Mortgage
13
What is the first stage in product life cycle?
maturity
growth
introduction
product development
14
types of job training
work habits
lateness
probation
15
Who use financial statements?
Lenders
Government
Anyone
Baby’s
16
Which is an example of a franchised company?
Pizza Hut
Subway
Starbucks
17
Does hiring experienced and skilled employees contribute to business savings?
yes
no
18
What are the functions of money?
Unit of account
To throw
Medium of a exchange
Store of value
19
What is pull strategy?
Getting stores to carry products by offering deals
Pulling someone
Getting customers to go into stores
20
What are some ways to advertise?
Google ads
A house
Instagram
Billboards
21
what was the national capital regions top employers in 2018?
Carleton University
Adobe Systems Canada Inc.
Canadian Heritage
Bank of Canada
22
What are some examples of expenses?
Rent
Income
Phone bill
23
What type of business in stocks or shares?
Partnerships
Corporations
Sole Proprietorships
24
Which kind of jobs are unskilled labor?
farmers
cashiers
truckdrivers
engineers
25
What is the tertiary industry sector?
research and development
services
natural resources
26
How many industry sectors are there?
4
10
5
2
27
What part of the product life cycle is Samsung in?
Product development
Dead
Decline
Growth
28
How much liability do Sole Proprietorships have?
Limited liability
Unlimited liability
29
Is gross income good or bad
Good
Bad
30
What is the top level of management?
VP
President
CEO
31
benefits of competition
Productivity
shrinks customer base
can force lower prices
Efficiency
32
Why does the government use financial statements?
To determine whether it’s a good investment or can pay loans
To see how a business is doing
To see if the correct amount of taxes are collected
33
types of dismissal
layoff
hiring
senoirity
34
Which of the options are marketing careers?
Director
Market research analyst
Web content writer
Marketing manager
35
good ways to make a business better
lower pay
better working environment
free lunch meals
gyms to workout
36
What are bases that organizations can form?
Products
Functions
People
37
Which one is not a failed product?
Virtual boy
E-cigarettes
Microsoft Bob
Pokémon
38
When should you buy things?
Promotional sales
As soon as you get money
Seasonal sales
39
reasons you may leave a company
good pay
flexible hours
low salary
40
Who are Canada’s top importers?
US
Mexico
Saudi Arabia
China
41
What is the purpose of a balance sheet?
To see the financial status of a business
To type
To make money
42
How many industry sectors are there?
1
4
5
10
43
what is Corporate Social Responsibility?
bad management
give staff 10 minute breaks a day
companies should care about more than just making money
44
What are some types of brands?
No name
Private/store
Made up
National
45
good qualities of an HR manager
bad aditude
good at multitasking
problem solving
46
Good ways to be sustainable?
solar panels
reuse
pollute the air
drive everywhere
47
what does professional labor require?
some educational training
requires some instructions to understand
certification or educational requirements
48
What is the primary industry sector?
services
natural resources
manufacturing
49
What is employee turnover?
employee vacation time
employee pay
rate for which employees are hired and leave
50
How does hiring employees with experience and already skilled contribute to business savings?
they slow down productivity
they have the appropriate skills for the job
