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

Business Quiz

Quiz
•
Financial Education
•
9th - 12th Grade
•
Hard
Jayden Thorpe
FREE Resource
20 questions
Show all answers
1.
OPEN ENDED QUESTION
3 mins • 1 pt
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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