Grade 3 Business Studies

What is the main goal of Digital Marketing?

• Learn a new language

• Promote products or services using digital channels

• Increase physical store foot traffic

• Bake cookies

Which financial statement shows a company's revenues and expenses over a period of time?

• Income Statement

• Cash Flow Statement

• Budget Report

• Balance Sheet

Why is business ethics important in the workplace?

• Business ethics is irrelevant in the workplace

• Ethical behavior hinders productivity

• Ignoring ethics leads to higher profits

• Business ethics is important in the workplace for establishing trust, promoting a positive work culture, ensuring legal compliance, and enhancing the company's reputation.

What is the purpose of employee training programs?

• The purpose of employee training programs is to decrease productivity

• The purpose of employee training programs is to promote turnover

• The purpose of employee training programs is to hinder skill development

• The purpose of employee training programs is to enhance skills, knowledge, and performance.

What services are typically offered by retail banks?

• Savings accounts, checking accounts, loans, mortgages, credit cards, and financial advisory services

• Pet grooming, Car repair, Travel booking

What are some common digital marketing channels?

• Social media, email marketing, SEO, PPC, content marketing, influencer marketing

• TV advertising, Cold calling, Door-to-door sales

• Telemarketing, Radio advertising, Billboard advertising

• Direct mail marketing, Print advertising, Trade shows

What is the formula to calculate Net Income?

• Net Income = Total Revenue x Total Expenses

• Net Income = Total Revenue / Total Expenses

• Net Income = Total Revenue + Total Expenses

• Net Income = Total Revenue - Total Expenses

How can a company demonstrate ethical behavior?

• By engaging in corrupt business practices

• By implementing clear codes of conduct, promoting transparency, prioritizing employee well-being, engaging in fair business practices, and being socially responsible.

• By ignoring employee concerns and complaints

• By prioritizing profits over ethical considerations

Why is it important for employees to receive proper training?

• Proper training is a waste of time and resources

• Training can lead to decreased employee satisfaction

• Employees need proper training to perform their job effectively, increase productivity, improve quality of work, reduce errors, boost morale, and enhance job satisfaction.

• Employees can learn on the job without formal training

What are the different types of accounts offered by banks?

• Credit accounts, debit accounts, loan accounts

• Investment accounts, retirement accounts, insurance accounts

• Savings accounts, checking accounts, money market accounts, certificates of deposit (CDs)

• Virtual accounts, joint accounts, student accounts