Economic Climate and Business Impact

Economic Climate and Business Impact

8th Grade

20 Qs

quiz-placeholder

Similar activities

F2 First ICT Online Quiz

F2 First ICT Online Quiz

7th Grade - University

17 Qs

Computer Quiz

Computer Quiz

5th Grade - University

20 Qs

Twitter 101

Twitter 101

KG - 12th Grade

15 Qs

Economic Influences Quiz

Economic Influences Quiz

8th Grade

15 Qs

Personal Finance Vocabulary

Personal Finance Vocabulary

8th Grade

18 Qs

Technology Impact on Work World

Technology Impact on Work World

6th - 8th Grade

20 Qs

ESB, Chap 1 Vocab (a)

ESB, Chap 1 Vocab (a)

8th Grade

20 Qs

Understanding Accounting Errors

Understanding Accounting Errors

8th Grade

20 Qs

Economic Climate and Business Impact

Economic Climate and Business Impact

Assessment

Quiz

Computers

8th Grade

Hard

Created by

Sam Berry

Used 1+ times

FREE Resource

20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is meant by the term "economic climate"?

The weather conditions affecting crops

The overall state of the economy, including factors like inflation and interest rates

The temperature inside a business office

The amount of rainfall in a country

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does high inflation typically affect the cost of goods and services for businesses?

Prices decrease

Prices stay the same

Prices increase

Prices become unpredictable

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If the Bank of England raises interest rates, what is the likely impact on businesses that have loans?

Their loan repayments will decrease

Their loan repayments will increase

Their loan repayments will stay the same

They will not be able to borrow money

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a direct effect of increased government taxation on businesses?

Businesses pay less tax

Businesses have more money to invest

Businesses have less profit after tax

Businesses can hire more staff

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is inflation?

A decrease in the general price level of goods and services

An increase in the general price level of goods and services

The amount of money businesses borrow

The number of people employed

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is most likely to happen if inflation is very high?

The value of money increases

The value of money decreases

The value of money stays the same

The value of money is not affected

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How might a rise in interest rates affect consumer spending?

Consumers are likely to spend more

Consumers are likely to spend less

Consumers' spending will not change

Consumers will stop spending altogether

Create a free account and access millions of resources

Create resources
Host any resource
Get auto-graded reports
or continue with
Microsoft
Apple
Others
By signing up, you agree to our Terms of Service & Privacy Policy
Already have an account?