Business Quiz

Business Quiz

9th - 12th Grade

20 Qs

quiz-placeholder

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Business Quiz

Business Quiz

Assessment

Quiz

Financial Education

9th - 12th Grade

Hard

Created by

Jayden Thorpe

FREE Resource

20 questions

Show all answers

1.

OPEN ENDED QUESTION

3 mins • 1 pt

A hurricane that destroys a business is an example of a(n) __________ risk.

Evaluate responses using AI:

OFF

2.

FILL IN THE BLANK QUESTION

30 sec • 1 pt

The act of reducing or removing risks by shifting the risk factor to another person or business is referred to as __________ risk. A. retaining B. transferring C. avoiding

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

One way that competition benefits business is by encouraging the creation of A. new companies. B. more regulations. C. unrelated firms.

new companies

more regulations

unrelated firms

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Burger King and McDonald’s are examples of A. regulated monopolies. B. unrelated businesses. C. dissimilar firms. D. direct competitors.

regulated monopolies

unrelated businesses

dissimilar firms

direct competitors

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

To use resources wisely, business owners must reduce A. risk B. reward C. waste D. wages

risk

reward

waste

wages

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When a business keeps a risk because management is unaware of it, the business is __________ the risk. A. avoiding B. preventing or controlling C. retaining D. transferring

avoiding

preventing or controlling

retaining

transferring

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which activities are likely to increase a firm’s profit? A. Increasing sales and decreasing expenses B. Increasing supplies and decreasing production C. Decreasing sales and increasing expenses D. Decreasing supplies and increasing production

Increasing sales and decreasing expenses

Increasing supplies and decreasing production

Decreasing sales and increasing expenses

Decreasing supplies and increasing production

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