What is mixed economy?

Economy has a mix of both private and publicly owned businesses

Human resources management refers to

C) the management of people in organizations.

A system that deals with financial data to make decisions

What is a market economy?

An economy controlled by supply and demand

What is an oligopoly?

A form of competition in which just a few sellers dominate the market.

What is globalisation?

Increasing interconnectedness/dependency of the world’s nations and people

An example of mass marketing is _______.

A product advertisement shown on tv.

Total sales during a stated period.

The internet facilitates globalisation by:

Cutting the cost for firms of communicating across borders.

Which of the banking terms is INCORRECT?

Deposit: take money out of your account

A general rise in the prices of goods and services over time.

What are the four P’s of Marketing?

Product, Place, Price, Promotion

In business, stakeholders are defined as:

Everyone who may gain or lose by the policies and activities of a business.

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The Big Business Quiz

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Questions 27

Answers

1
The amount of money a business earns above and beyond what it spends for salaries and other expenses is called:
Profit
Cash receipts
Savings
Revenue
2
General Knowledge - Where is this?
London
New York
Paris
Wellington
3
What is mixed economy?
None of the above
Economy has a mix of both private and publicly owned businesses
Economy is based off of privately owned businesses
Economy is based off government economic decision making
4
Marketing is all about satisfying customer...
Low prices
Promotional needs
Desires
Needs and wants
5
Human resources management refers to
D) all managerial activities.
B) concepts and techniques used in leading people at work.
A) management techniques for controlling people at work.
C) the management of people in organizations.
6
Who is this famous Entrepreneur?
Steve Jobs
Steve Gates
Bill Anderson
Bill Gates
7
What is accounting?
A system of accounts
Gathering financial info and leaving it for the next person
Dealing with money
A system that deals with financial data to make decisions
8
Which institutions do you have to be a member at?
credit unions
Saving and loan
banks
payday loan companies
9
The most common type of financial institutions are _______.
grocery stores
department stores
local organizations
banks
10
What is a market economy?
A totally free economy
An economy controlled by the government
An economy controlled by supply and demand
Animals running everything
11
A person who risks both time and money to start and manage a business is called ___________.
Entrepreneur
Supervisor
Narcissist
Overachiever
12
The ______ price is the price determined by supply and demand
Market price
Cost price
Selling price
None of the above
13
IBRD (International Bank for Reconstruction and Development) is also known as:
Exim Bank
International Monetary Fund
International Bank
World Bank
14
General Knowledge: Name the music group
Snow Patrol
Coldplay
Stereophonics
Keane
15
What is an oligopoly?
Total sales of an organization divided by the sales of their market.
Assigning or allocating costs to a specified marketing activity.
None of the above
A form of competition in which just a few sellers dominate the market.
16
What is globalisation?
A process of weaker integration between countries and regions of the world
Increasing interconnectedness/dependency of the world’s nations and people
Increasing interpendent and self sufficient economies and/or countries
The complex process of making the globe over many years
17
What is online banking?
paying bills
using a personal internet connection to do your banking online
sending and receiving money
all of the above
18
An example of mass marketing is _______.
Verbally telling people about your product.
A booth set up a festival.
A flyer in a few downtown shops.
A product advertisement shown on tv.
19
What is revenue?
The difference between the debit and the credit sides of an account.
Total sales during a stated period.
The money received by a business from customers.
All of the above
20
The internet facilitates globalisation by:
Making it harder to send money from one country to another.
Cutting the cost for firms of communicating across borders.
Making it easier for governments to censor the information.
Making it more difficult to contact customers abroad.
21
Which of the banking terms is INCORRECT?
Fee: charges by your financial institution
Deposit: take money out of your account
Transfer: Moving money from one account to another
Overdraft: withdrawing money from bank account with insufficient funds
22
What is inflation?
None of the above
A situation in which price increases are slowing.
The cost of producing services or goods.
A general rise in the prices of goods and services over time.
23
What does GDP stand for?
Gross Distribution Practice
Global Data Pool
Gross Domestic Product
Global Detection Policy
24
What are the four P’s of Marketing?
Promotion, Place, Practice, Package
Package, Payment, Population, Product
Product, Place, Price, Promotion
Place, Practice, Product, Payment
25
Which is NOT a driver of globalisation?
Increased worldwide population
Improved communications
Improved transport
Freedom of trade
26
The activity of providing goods or services to others while operating at a profit is called a _____________.
Business
None of the above
Barter systems
Consumer advocating
27
In business, stakeholders are defined as:
Everyone who may gain or lose by the policies and activities of a business.
Only the employees that are effected by the policies of a business.
Just the vendors that sells to the business.
Only the people that purchase goods or services from a business.

The Big Business Quiz Flashcards | StudBud