Ch 1 & Ch 2

Ch 1 & Ch 2

12th Grade

•

50 Qs

quiz-placeholder

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Ch 1 & Ch 2

Ch 1 & Ch 2

Assessment

Quiz

•

Other

•

12th Grade

•

Practice Problem

•

Hard

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50 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The amount of money gained after selling foods and services and paying expenses associated with operating the business.

Customers

Price

Income

Profit

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The maximum number of specific goods permitted to enter a country during a specific time period.

Absolute Advantage

Import Quota

Business Model

Absolute Quota

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

___ are primarily those that require trained or certified skills.

Business Operations

Completed Operations

Professional Activities

Community Activities

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Group of people formed and structured in a certain way to achieve goals

Organization

Corporation

Culture

Business

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When a nation imports more than it exports.

multinational corporation

Organization

Professional Activities

Trade Surplus

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A type of trade restriction that sets a limit on the quantity of particular goods being imported into a country during a given period of time.

Trade Embargo

Ethical Dilemma

Import Quota

Global Trade

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Identifies those businesses that compete for customers in the same industry and the different ways in which they compete to outperform each other.

Physiological Demands

Social Value

Biomechanical Demands

Competition Environment

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