QTKD1DDL

QTKD1DDL

1st Grade

34 Qs

quiz-placeholder

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QTKD1DDL

QTKD1DDL

Assessment

Quiz

Business

1st Grade

Easy

Created by

Thành Lê

Used 1+ times

FREE Resource

34 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Efforts by the Federal Reserve Bank (the Fed) to control the money supply and interest rates are known as:

 incomes policy

monetary policy

fiscal policy

 securities policy

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A key element of customer relationship management is to:

keep the price of goods as low as possible.

develop a strategy to achieve the largest possible market share.

learn as much as possible about customers.

allow customers to participate in the management decisions of the firm.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A bookkeeper's first task is to:

interpret and report data to the firm's management

prepare the firm's financial statements

summarize the firm's financial data

separate all of the firm's transactions into meaningful categories

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following statements would a follower of Adam Smith most likely make?

 If people are given the freedom to follow their own interests, theoretically their efforts will lead to economic growth that benefits society as a whole.

Overpopulation is the main danger confronting modem economies.

Market economies are flawed because they put too much emphasis on economic growth and not enough on environmental problems.

The federal government should use its ability to spend and tax to guide the decisions of businesses and consumers.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is the best example of a business whose goal is to earn a profit?

A community college

Boy Scouts of America

Best Buy, Inc.

The Salvation Army

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A….represents a long-term partnership between two or more companies established to help each firm build competitive market advantages, without sharing the cost of risk.

multinational cooperative

shared venture

strategic alliance

global franchise

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The customers, employees, stockholders, suppliers, creditors, and others who stand to gain or lose by the policies and activities of a business represent the firm's:

market makers.

social mentors.

stakeholders.

economic environment.

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