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100

What is the Stock Market?

  • A) A place where stocks and other securities are bought and sold
  • B) A type of loan
  • C) A government program
  • D) A company’s internal financial records

 

  • A) A place where stocks and other securities are bought and sold
100

What does “business ethics” refer to?

  • A) Making responsible and moral decisions in business
  • B) The legal structure of a business
  • C) How businesses reduce costs
  • D) How businesses focus on profit maximization

A) Making responsible and moral decisions in business

100

What is the purpose of a budget?

  • A) To limit spending without a plan
  • B) To manage income and expenses for financial stability
  • C) To avoid paying taxes
  • D) To track only expenses

B) To manage income and expenses for financial stability

100

Which of these is NOT a goal-setting strategy?


    • A) Creating SMART goals
    • B) Focusing on one task at a time
    • C) Setting unrealistic goals
    • D) Reviewing and adjusting goals regularly

 

C) Setting unrealistic goals

100

 

Why is teamwork important in business?

  • A) It helps build competition
  • B) It improves productivity and creativity
  • C) It focuses only on individual achievements
  • D) It decreases company profits

B) It improves productivity and creativity

200

Which of the following is a key factor in determining mortgage rates?

  • A) Inflation rate
  • B) Number of real estate agents
  • C) Marketing costs
  • D) Popularity of real estate websites
  • A) Inflation rate
200

  1. Negotiating in business is important because:

  • A) It helps to settle disputes without compromising
  • B) It enables businesses to create better contracts and deals
  • C) It eliminates all risks in business transactions
  • D) It reduces the need for legal documents
  • B) It enables businesses to create better contracts and deal
200
  1. What is the first step in the process of goal setting?
  • A) Defining your goals clearly
  • B) Creating a timeline for your goals
  • C) Determining the cost of your goals
  • D) Reviewing previous goals

A) Defining your goals clearly

200
  1. What is the role of advertising in marketing?
  • A) To track company expenses
  • B) To create awareness and attract customers
  • C) To pay for employee salaries
  • D) To keep track of competition

To create awareness and attract customers

200

 

  1. Which of the following is a consequence of not having a budget?
  • A) Financial instability
  • B) Increased profit
  • C) Clearer financial goals
  • D) Improved savings rate

A) Financial instability

300
  1. Which of the following is the primary purpose of a mortgage?
  • A) Buying real estate
  • B) Paying for travel
  • C) Saving money for the future
  • D) Starting a business

A) Buying real estate

300
  1. Which of the following is a good business practice for maintaining ethics?
  • A) Transparency with clients
  • B) Cutting costs without regard to safety
  • C) Focusing only on profits
  • D) Ignoring customer complaints

A) Transparency with clients

300
  1. What is the best way to improve teamwork in a business setting?
  • A) By focusing on individual performance
  • B) Through team-building activities and strong communication
  • C) By only rewarding one person
  • D) By limiting team members’ input

B) Through team-building activities and strong communication

300
  1. Which of the following is NOT an example of a business expense?
  • A) Rent
  • B) Employee salaries
  • C) Stock investments
  • D) Office supplies

C) Stock investments

300

What is an interest rate?

  • A) A fee for a loan that is paid to the borrower
  • B) The percentage charged by a lender for borrowing money
  • C) The total amount paid for a loan
  • D) The value of an asset in the market

B) The percentage charged by a lender for borrowing money

400
  1. Why do businesses need to pay taxes? CHOOSE THE BEST 
  • A) To support public services and infrastructure
  • B) To increase business profits
  • C) To compete with other businesses
  • D) To avoid legal penalties
  • A) To support public services and infrastructure
400
  1. What is the purpose of a sales tax?
  • A) To fund government services
  • B) To increase profits for businesses
  • C) To track personal income
  • D) To measure market trends

A) To fund government services

400
  1. Which of the following is a characteristic of a good budget?
  • A) It is realistic
  • B) It doesn’t allow for adjustments
  • C) It ignores future goals
  • D) It’s based solely on personal preferences

A) It is realistic

400
  1. What is an example of a fixed expense for a business?
  • A) Rent
  • B) Advertising
  • C) Utility bills
  • D) Raw materials

A) Rent

400

 

Which of the following is NOT a part of business taxes?

  • A) Corporate income tax
  • B) Sales tax
  • C) Employee wages
  • D) Property tax

C) Employee wages

500
  1. What does a business loan usually require as collateral?
  • A) Property or assets
  • B) Employee salaries
  • C) Business invoices
  • D) Bank statements

A)Property or assets 

500
  1. Which of the following would be considered a variable expense in a business?
  • A) Rent
  • B) Raw materials
  • C) Salaries
  • D) Utilities

B) Raw materials

500
  1. Why is it important for a business to have a diverse team?
  • A) To make decisions based solely on majority opinions
  • B) To enhance problem-solving and bring in varied perspectives
  • C) To focus on a single way of thinking
  • D) To reduce the number of ideas in brainstorming sessions

B) To enhance problem-solving and bring in varied perspectives

500

Which of these documents is used for financial transactions between businesses?

  • A) Purchase order
  • B) Resume
  • C) Business report
  • D) Personal letter

 

A) Purchase order

500
  1. What is the primary advantage of investing in the stock market?
  • A) Potential for higher returns on investment
  • B) Guaranteed profits every year
  • C) No risk of losing money
  • D) No need to research companies

A)Potential for higher returns on investment