Companies add value in the transformation process. We can calculate the value by...
Topic 1. Principles of business economy

Quiz
•
Business
•
University
•
Hard
Martina Romá
Used 6+ times
FREE Resource
7 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
ADDED VALUE = OUTPUTS - INPUTS VALUE
ADDED VALUE = INPUTS - OUTPUTS VALUE
ADDED VALUE = INPUTS + OUTPUTS VALUE
ADDED VALUE = OUTPUTS + INPUTS VALUE
2.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
What is a socially responsible business following the "hybrid spectrum"?
Companies with our profit-making motive
Companies with profit making motive including responsible practices
Companies in which income is reinvested in social programs
The profits are redistributed into social practices
3.
MULTIPLE SELECT QUESTION
45 sec • 5 pts
Why are companies considered as a system?
Because are a set of interdependent elements or subsystems, whose relationships are shaped by an structure, to achieve an objective
Because it is concerned with the efficient allocation of scarce resources.
Because they have greater emphasis on market research than on the company’s operation.
Because it is Is focused on understanding when and why the market is more efficient in allocating resources
4.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
How can a firm be classified following the economic criteria "by scope"?
Primary production
Secondary production
Tertiary production
Public / State owned companies
Private companies
Micro, small, medium-sized (SMEs) and large companies
Nationals
Internationals
5.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Who is the entrepreneur according to Schumpeter...?
Controls and organises: agent who coordinates the factors of production of the firm to achieve its objectives.
Assumes risk: agent who assumes (takes responsibility for) the risk inherent in the economic activity carried out by the company.
Owner-entrepreneur: agent who "acquires" productive factors in order to combine them to achieve a product to be sold at an uncertain price.
Innovates: agent who detects market opportunities and guides the company to adapt and take advantage of them.
6.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Who is the entrepreneur according to Knight...?
Controls and organises: agent who coordinates the factors of production of the firm to achieve its objectives.
Assumes risk: agent who assumes (takes responsibility for) the risk inherent in the economic activity carried out by the company.
Owner-entrepreneur: agent who "acquires" productive factors in order to combine them to achieve a product to be sold at an uncertain price.
Innovates: agent who detects market opportunities and guides the company to adapt and take advantage of them.
7.
MULTIPLE SELECT QUESTION
45 sec • 5 pts
How can be classified the qualities of an entrepreneur? (more than one correct)
CREATIVITY AND CONFIDENCE
SOCIAL SKILLS
OPTIMISM VS FRUSTRATION
PERSONAL DEVELOPMENT
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