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BBI Test Your Business Knowledge Flashcards | StudBud
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BBI Test Your Business Knowledge
BBI Test Your Business Knowledge
18 terms
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StudBud Administration
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Introductory self-quiz
Flashcards
18 cards
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Practice quiz
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Questions
18
Answers
1
Dividends are ....
part of company profits distributed to shareholders
a mandatory yearly payment to employees
a mandatory yearly payment to shareholders
part of company profits distributed to employees
2
A sole proprietorship is ...
A store where several varieties of fish are sold
A store where one specific variety of fish is sold
A store with only one location
A business with one owner
3
The final user of goods & services
customer
wholesaler
consumer
costumer
4
Your debts and outstanding loans are ...
interest
sources of income
assets
liabilities
5
How much sales tax would you pay on a $17.99 product in Ontario?
$2.34
zero
$1.79
$2.43
6
Someone that starts their own business is a(n) ...
entrepreneur
venture capitalist
shareholder
franchisee
7
A new worker is trained for her job. The department responsible for this is...
Human Resources
Marketing
Production
Accounting
8
Inflation is ...
a general decrease in prices
a general increase in prices
a general increase in unemployment
a decrease in unemployment
9
The last coat of paint was applied to a new car.
Marketing
Production
Human Resources
Marketing
10
If the price of bicycles goes up, how does this affect the demand for bicycles?
It will go up
It will go down
No change
11
A corporation is ...
owned by its shareholders
a government owned business
a large business
run by a Board of Directors
12
Competition is good for consumers as...
It reduces profits
It increases the variety available
It improves the quality of products
It brings prices down
13
Services differ from goods as they are...
physical products
tangible
someone using their skills & expertise to help you
intangible
14
Interest is ...
the cost of using a credit card
a payment for money borrowed
a charge for using someone else's money
earnings for money lent
15
A store prepares their yearly budget. This is....
marketing
accounting
production
human resources
16
Tariffs have been in the news lately, they are:
a tax on the profits of natural resource industries
an incentive to buy domestic products
a tax on goods & services imported from another country
a way for governments to raise revenue
17
If the price of bicycles goes up, how does this affect the supply of bicycles?
It goes down
No change
It goes up
18
Which of the following is a utility?
water
electricity
natural gas
an accounting firm
