Business and General Knowledge Quiz

Business and General Knowledge Quiz

University

15 Qs

quiz-placeholder

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Business and General Knowledge Quiz

Business and General Knowledge Quiz

Assessment

Quiz

Mathematics

University

Hard

Created by

Dawa Tsamchoe

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of business organization has unlimited liability?

Corporation

Partnership

Sole proprietorship

Limited Liability Company (LLC)

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the term "inflation" refer to?

Increase in supply of goods

Increase in prices of goods and services

Increase in taxes

Increase in government spending

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an intangible asset?

Land

Machinery

Goodwill

Inventory

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a shareholder's share of the profits called?

Dividend

Revenue

Loan

Expense

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary goal of a business?

Profit maximization

Employee satisfaction

Community welfare

Environmental protection

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a form of indirect tax?

Income tax

Property tax

Sales tax

Corporate tax

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the term for the amount of money borrowed from a bank?

Revenue

Loan

Dividend

Equity

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