Strictly Business LAP Test

Quiz
•
Computers
•
9th - 12th Grade
•
Hard
Flexcia Dowell
Used 10+ times
FREE Resource
20 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A business can be described as a(n)
organized effort to produce goods and services.
disorganized method of manufacturing products.
reasonable way to make a profit.
unreasonable means for increasing revenues.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A business that exists to fulfill a specific mission or undertaking is called a __________ business.
for-profit
nonprofit
mission-central
focused
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Every business must accomplish which of the following:
Issue corporate bonds
Trade or sell business assets/property
Produce or provide goods/services
Obtain venture capital
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following represents a primary business activity:
Scheduling
Designing
Marketing
Supervising
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Financial analysis occurs when a business
plans for long-term success.
effectively retrieves data.
communicates with potential customers.
keeps accurate expense records.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Within a local pizza shop, financial analysis is most likely used to
attract customers.
oversee the baking process.
obtain funding for supplies.
develop the best recipe.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following activities demonstrates human resources management:
The business gives its preferred customers a special discount.
The business takes care of the responsibilities associated with having employees.
The business includes top-level managers in long-term planning.
The business acts on new information about a competitor.
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