MDIS FYC IBM Lesson 3 Quiz

MDIS FYC IBM Lesson 3 Quiz

12th Grade

30 Qs

quiz-placeholder

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MDIS FYC IBM Lesson 3 Quiz

MDIS FYC IBM Lesson 3 Quiz

Assessment

Quiz

Business

12th Grade

Hard

Created by

Daniel Koh

Used 1+ times

FREE Resource

30 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary goal of a business?
To earn a profit
To reduce expenses
To produce more goods
To only serve stakeholders

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an example of a tangible product?
Concert ticket
Dry cleaning
Loaf of bread
Haircut

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the difference between revenue and expenses called?
Loss
Profit
Investment
Revenue

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of organization does not focus on making a profit?
Nonprofit organization
For-profit corporation
Franchise
Multinational company

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one example of motivating employees toward business goals?
Offering rewards like bonuses
Reducing salaries
Avoiding communication
Setting unclear goals

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which leadership quality helps drive digital culture transformation?
Delegation over control
Boldness over caution
Task delegation over planning
More planning over action

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which resource is considered intangible in business?
Land
Labor
Capital
Reputation

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