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Buiseness Studies - Part 3
1
of
25
💡
Hints:
3
Q1. Are the preferred products of an individual that will satisfy his needs.
A. Wants
B. Needs
C. Supply
D. Demand
Q2. Where should you put a call to action in a business letter?
A. In the closing
B. In the body’s conclusion
C. In the salutation
D. In the body’s introduction
Q3. What do you ___?-I’malawyer.
A. do
B. have
C. job
Q4. Which account has the highest liquidity?
A. Checking
B. Savings
C. Certificates of Deposit
D. Stocks
Q5. A manager who supervises inexperienced employees can have a greater span of control than one who supervise experienced employees.
A. false
B. true
Q6. When businesses invest funds to expand, they are involved in the process of:
A. Selling.
B. Depreciation.
C. Finance.
D. Capitalism.
Q7. A characteristic of an imperfect markeat is?
A. a large number of buyers and sellers
B. sellers and consumers accept the going price
C. the seller influences the price to earn more profit
D. no barriers to entry or exit
Q8. Balance b/d in accounting means
A. balance bought dawn.
B. balance brought dew.
C. balance brought due.
D. balance brought down.
Q9. What is the outlined area called?
×
A. Ribbon
B. Document Area
C. Scroll Bar
D. Dialog Box
Q10. You want to buy a new video game and a new pair of sneakers. You only have enough money to buy one of them. If you buy the video game, what is your trade-off?
×
A. The money you spend on the video game
B. The video game
C. The sneakers
Q11. Reports for each sales person, product, and part are examples of detail or fine information granularities.
A. TRUE
B. FALSE
Q12. If a person has insured for Rs 4, 00,000. A fire broke out and the actual amount of loss amounted to Rs 2, 50,000. How much amount can he claim:
A. I. 4,00,000.
B. II. 2,00,000
C. III. 2,50,000
D. IV. None of the above
Q13. Business plans should be SMART what do the letters R and T stand for?
A. Reasonable and Team
B. Realistic and Time Specific
C. Rational and Timely
D. Responsible and Targeted
Q14. One of the advantages found in a relational database is increased information redundancy.
A. TRUE
B. FALSE
Q15. What is the difference between a sole trader and partnership? (UND)
A. Asole trader is owned by 1 person, whereas partnership is owned by 2-20 members.
B. Partnership has 2 directors & sole trader has 1 director.
C. It is not easy to establish a sole trader than it is for partnership.
D. None of the above.
Q16. Three Styles of Communication
A. Aggressive, Active Listening, communication
B. Passive, "I" Messages, Assertive
C. Aggressive, passive, and assertive
D. None of the above
Q17. When listening, we use the senses of
A. hearing.
B. sense of touch.
C. all of the answers.
D. none of the answers.
Q18. To start a business, people need a good idea, resources, and
A. resources
B. capital
C. consumers
D. international trade
Q19. True or false:management is both science and art
A. True
B. False
Q20. A corporation can best be described as
A. A company that is operated by its many owners
B. a company where the owners do not have the responsibility to pay off its debts
C. a company that makes a lot of profit
D. a company that shares its work load with its many owners
Q21. Where do I switch it on?
A. Press.
B. Here.
Q22. What is the purpose of a cash flow forecast?
A. To calculate profit or loss
B. To find out whether a business has enough cash to pay their bills
C. To find out when customers are going to pay their invoices
D. To see if the business will break even
Q23. Market is
A. place where buyers meet sellers
B. Mandi /bazar
C. Is a situation where optimum customers meet optimum sellers
D. online market
Q24. ___ is when a worker receives a set amountforayear’swork,usuallypaid out in equal payments each month
A. Wage
B. Salary
C. Piece Rate
D. Profit-sharing
Q25. The two key components that need to be recognised while initially forecasting are:
A. Buyer lead-time time & price increases
B. Production time & demand changes
C. Employee motivation & supplier lead-in time
D. Supplier lead-time time & price changes
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