Business

Business

University

16 Qs

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Assessment

Quiz

Business

University

Medium

Created by

Simonas Lapis

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16 questions

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1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is increased demand?

A situation where the quantity of a product or service desired by consumers is less than the available supply.

A situation where the quantity of a product or service desired by consumers exceeds the available supply.

A situation where the quantity of a product or service desired by producers is less than the available supply.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The United States conducts trade with more than ________ countries.
10
50
100
180

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which of the following is a danger to a business of offering poor customer service?

Increased flexibility with pricing

Increased revenue

Negative word of mouth

Satisfied customers

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Localization is the process of adapting a product or service to meet the specific cultural or linguistic requirements of a particular market.

true

false

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

All investors in a general partnership have full liability for the debts of the business.
true
false

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A society's culture has a strong influence on business activities. Which of these is an example of a cultural influence?
climate
natural resources
religion
inflation

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When a country has a favorable balance of payments, the value of its currency is usually constant or rising.
True
False

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