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100

Which is a reason that natural resources are considered limited?

A

People lack training or skills needed to do a job.

B

Technology has advanced faster than training.

C

Some countries are unable to manufacture them.


D

The earth has certain boundaries.

The earth has certain boundaries.

100

What is one of the main reasons why businesses need to keep accurate accounting records?

A

to follow procedures


B

to control expenses

C

to eliminate risks

D

to regulate taxes

to control expenses

100

A foreman spends time connecting with his workers on an interpersonal level. This involves communicating in ways that motivate and inspire employees toward a higher level of productivity. This task would fall under which function of management?

A

controlling


B

directing

C

organizing

D

planning

Directing

100

José is opening a fish tank cleaning service. He has potential investors, but decides he would prefer to structure the business ownership so that he is ultimately responsible for the success or failure of the business. Which type of business ownership should José select?

A

cooperative

B

corporation

C

partnership


D

sole proprietorship



sole proprietorship
100

Which voice actor sang “Beauty and the Beast” from the 1991 animated film of the same name?

Angela Lansbury

200

The two main divisions of the trade industry are:

A

manufacturers and wholesalers.


B

wholesalers and retailers.

C

producers and retailers.

D

wholesalers and producers.

wholesalers and retailers.

200

Assets a company already owns and can use to finance a new venture are called:

A

accounts payable.

B

dividends.

C

return on capital.


D

equity.


.

equity

200

A manager who helps an employee count the money in a cash drawer and prepare a bank deposit is demonstrating:

A

aggressive behavior.

B

natural talent.

C

creativity.


D

technical skills.

technical skills.

200

Which occurs when the supply of individuals who are able and willing to work diminishes?

A

Capital goods become unlimited.

B

Capital goods become limited.


C

Human resources become limited.

D

Human resources become unlimited.

Human resources become limited.

200

“Sometimes we only see how people are different from us. But if you look hard enough, you can see how much we’re all alike.”

Jasmin in Alladin

300

Which is an example of an economic service?

A

car stereo

B

tennis shoes

C

baseball glove


D

concert ticket

concert ticket

300

Businesses would not be able to determine if they are meeting their financial goals without accurate:

A

production plans.

B

marketing plans.


C

accounting systems.

D

distribution systems

accounting systems.

300

A characteristic of a sole proprietorship is that the owner:

A

has access to unlimited funds.


B

receives all the profit.

C

transfers all the risk.

D

delegates all functions.

receives all the profit.

300

What is one of the main reasons why businesses need to keep accurate accounting records?

A

to follow procedures


B

to control expenses

C

to eliminate risks

D

to regulate taxes

to control expenses

300

In Aladdin, what is the name of Jasmine's pet tiger?

Rajah
400

The government can borrow money from the private sector in order to pay the costs of regulation by:

A

setting prices.

B

raising taxes.


C

issuing bonds.

D

selling licenses.

issuing bonds.

400

The role of finance in business often involves:

A

monitoring expenses.

B

paying employees.

C

buying supplies.


D

obtaining funds

obtaining funds

400

Which would probably result if a business reduced its marketing costs?

A

increased costs of production


B

decreased variety of consumer goods

C

increased consumer awareness of goods and services

D

decreased need for customer contact with businesses

decreased variety of consumer goods

400

Businesses use the information collected through the accounting process to prepare accurate:


A

balance sheets.

B

purchase orders.

C

inventory forms.

D

promissory notes.

balance sheets.

400

Name two of Christopher Robins Friends

Pooh

Piglet

Eeyore

Rabbit

Roo

Kanga

 


500

Which situations would cause prices to rise?

A

The corn crop is unusually large one summer.


B

Insects destroy a large cotton crop.

C

Animal rights activists march in front of a fur store.

D

A newspaper article describes poor service provided by a hotel.

Insects destroy a large cotton crop.

500

When businesses invest funds to expand, they are involved in the process of:

A

selling.

B

depreciation.


C

finance.

D

capitalism.

finance.

500

Each year, more than 500,000 people watch the Soccer World Cup sponsored by Adidas. What is being marketed by Adidas?

A

places


B

goods

C

ideas

D

services

goods

500

Which is a characteristic of human resources management?

A

evaluating supervisors

B

developing leaders

C

scheduling the work


D

working with people


Working with People
500

Name the seven dwarfs

Sneezy

Sleepy

Happy

Doc

Grumpy

Dopey

Bashful