Quiz von Odessa Hewitt-Bernhard, erstellt am more than 1 year ago

This quiz covers all content learned in the grade 9 Introduction to Business course. The topics covered include: Types of Businesses Economic Basics Ethics and Social Responsibility International Business Production Human Resources Marketing Accounting The first 21 questions were taken from old quizzes and tests, they were questions I answered wrong and wanted to focus on. The rest of the questions I came up with myself.

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	Erstellt von Odessa Hewitt-Bernhard vor etwa 7 Jahre

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Introduction to Business Exam Review- BBI2O (Canadian Focus)

Bitte warte - es wird geladen…

Frage 1 von 39

Another name for economic resources is

Wähle eine der folgenden:

human resources
factors of production
capital resources
natural resources

Erklärung

Frage 2 von 39

This type of business is often considered more complex than other types of businesses.

Wähle eine der folgenden:

Service
Retail
Manufacturing
Not-for-Profit

Erklärung

Frage 3 von 39

The most important selection of criteria used by human resources in the hiring process is to rely on information provided in

Wähle eine der folgenden:

a resume
an interview
an application letter
a reference check

Erklärung

Frage 4 von 39

A duty to accommodate refers to an employer's obligation to take appropriate steps to eliminate discrimination against employees.

Wähle eins der folgenden:

WAHR
FALSCH

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Frage 5 von 39

In North America, decision making is typically bottom up.

Wähle eins der folgenden:

WAHR
FALSCH

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Frage 6 von 39

What is another term for international trade?

Wähle eine der folgenden:

Market Trade
Foreign Trade
Global Trade
National Trade

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Frage 7 von 39

What does EFTA stand for?

Wähle eine der folgenden:

European Foreign Trade Association
European Foreign Agreement
European Free Trade Agreement
European Free Trade Association

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Frage 8 von 39

The members of the G8 usually meet in this season

Wähle eine der folgenden:

Fall
Winter
Spring
Summer

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Frage 9 von 39

In terms of grading, Choice is better than Prime

Wähle eins der folgenden:

WAHR
FALSCH

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Frage 10 von 39

The majority of the ingredient listed on a bag of bread would be natural resources.

Wähle eins der folgenden:

WAHR
FALSCH

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Frage 11 von 39

Which of the following is not a factor of production

Wähle eine der folgenden:

raw materials
natural resources
processing
management

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Frage 12 von 39

Which of the following is an example of a capital resource.

Wähle eine der folgenden:

Supervisor
Talent
Wheat
Internet

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Frage 13 von 39

Wähle von der Aufklappliste, um den Text zu vervollständigen.

( Supplies, Ingredients, Raw Materials, Tools ) are used to maintain the machines that make KitKat chocolate bars

Erklärung

Frage 14 von 39

Wähle von der Aufklappliste, um den Text zu vervollständigen.

( Raw Materials, Natural Resources, Supplies, Managers ) are goods that are used in the manufacturing of other goods.

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Frage 15 von 39

The commercial market and the consumer market are considered to be the two Cs of Marketing.

Wähle eins der folgenden:

WAHR
FALSCH

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Frage 16 von 39

Liabilities are debts owed to others and are similar to assets owned by the same person.

Wähle eins der folgenden:

WAHR
FALSCH

Erklärung

Frage 17 von 39

Assets for a business would include such things such as cash, accounts payable, supplies, inventory, bank loans, equipment, and land.

Wähle eins der folgenden:

WAHR
FALSCH

Erklärung

Frage 18 von 39

If an owner earned $30,000 by the end of the accounting period, which account would deb adjusted

Wähle eine der folgenden:

Cash
Owner`s Equity
Accounts Receivable
Accounts Payable

Erklärung

Frage 19 von 39

A company begins it`s fiscal year on June 1st. At that time their beginning inventory is $1250. The total goods available for sale for the year was $7250. When they counted their inventory at the end of the year they had $800 worth left.
What was the value of the goods purchased for the year

Wähle eine der folgenden:

$8,500
$450
$6,000
$6,450

Erklärung

Frage 20 von 39

What needs fall under the categories of each tier on Maslow's Hierarchy of Needs?

Ziehe eine Antwort zum richtigen orangen Punkt.

food, water, shelter

safe communities, security

Love, Friends, Family, strong community

respect, self confidence, acceptance

spiritual needs, meaning to life

Erklärung

Frage 21 von 39

As price rises...

Wähle eine der folgenden:

both supply and demand increase
supply increases, demand decreases
demand increases, supply decreases
both supply and demand decrease

Erklärung

Frage 22 von 39

A sole proprietorship has ❌
A partnership had ❌.
Shareholders in corporations are ❌

Klicke und ziehe, um den Text zu vervollständigen.

unlimited liability.

limited liability

not liable.

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Frage 23 von 39

SOHO stands for

Wähle eine der folgenden:

small office, home office
supply, open markets, human resources, operations

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Frage 24 von 39

Both debt and equity financing refer to borrowing money.

Wähle eins der folgenden:

WAHR
FALSCH

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Frage 25 von 39

Fülle die Lücke, um den Text zu vervollständigen

Many companies relocate their locations to other countries because it is .

Erklärung

Frage 26 von 39

Check off all the basic rights of the worker as outlined by the OHSA (Ontario Health and Safety Act)

Wähle eine oder mehr der folgenden:

To refuse unsafe work
To fix any safety concerns in the workplace
To sue the company they work for if they get hurt
To participate in workplace health and safety activities
To be informed of any hazards in the workplace
To do their best to make the workplace safe for others

Erklärung

Frage 27 von 39

Grassroots refers to something that starts from the bottom upwards.

Wähle eins der folgenden:

WAHR
FALSCH

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Frage 28 von 39

Check off the benefits of trading internationally for businesses

Wähle eine oder mehr der folgenden:

Access to markets
Tariffs
Cheap Labour
Increased quality of goods
More jobs available
Increased quantity of goods
Closer countries
Political allegiances are more likely to be formed
Access to resources

Erklärung

Frage 29 von 39

The 5 Ps of international trade
❌ refers to what can be produced based on the country's resources.
❌ refers to where it is cheapest to produce
❌ refers to how close a countries are to each other (the closer the easier it is to trade)
❌ refers to reputations countries build for certain products (eg. French wine, Swiss watches)
❌ refers to how companies get people to buy their products and how easy this is for them.

Klicke und ziehe, um den Text zu vervollständigen.

Product

Price

Proximity

Preference

Promotion

Erklärung

Frage 30 von 39

Which of these options is not a natural resource?

Wähle eine der folgenden:

Argiculture
Fuel and Energy
Farming
Mining
Water

Erklärung

Frage 31 von 39

Consolidation refers to replacing workers with machines.

Wähle eins der folgenden:

WAHR
FALSCH

Erklärung

Frage 32 von 39

Wähle von der Dropdown-Liste, um den Text zu vervollständigen.

The production process consists of the following:
1. ( Purchasing, Processing, Quality Control, Grading )
2. ( Quality Controll, Purchasing, Grading, Processing )
3. ( Quality Control, Processing, Purchasing, Grading )
4. ( Quality Control, Grading, Processing, Purchasing )

Erklärung

Frage 33 von 39

Which option refers to receiving pay for a single job, often covered by a contract.

Wähle eine der folgenden:

Commision
Piece work
Fee for Service
Royalty

Erklärung

Frage 34 von 39

What do each of the WHIMIS symbols mean?

Ziehe eine Antwort zum richtigen orangen Punkt.

Substance has immediate toxic effects

Substance has other toxic effects

Compressed gas

Biohazard

Oxidizing material

Flammable

Corrosive material

dangerously radioactive

Erklärung

Frage 35 von 39

What kind of logo is this?

Wähle eine der folgenden:

Visual symbol
Monogram
Abstract

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Frage 36 von 39

This non-traditional product life cycle is very popular for a breif ammount of time.

Wähle eine der folgenden:

fad
trend
seasonal Market
Niche market

Erklärung

Frage 37 von 39

Check off the 4 Ps of Marketing

Wähle eine oder mehr der folgenden:

Proximity
Place
Product
People
Price
Packaging
Promotion

Erklärung

Frage 38 von 39

Label the different parts to this balance sheet.

Ziehe eine Antwort zum richtigen orangen Punkt.

Things of value that the business has

Debts the business has

Money on hand and in the bank

Money that other people owe the business

Things the business owes to other people

Liabilities+owners equity= assets

Assets-Liabilities=owner's equity

How much money the owner has with debts

Erklärung

Frage 39 von 39

The equation for calculating the net income of a retail business is revenue-expenses=net income.

Wähle eins der folgenden:

WAHR
FALSCH

Introduction to Business Exam Review- BBI2O (Canadian Focus)

Frage 1 von 39

Another name for economic resources is

Wähle eine der folgenden:

Erklärung

Frage 2 von 39

This type of business is often considered more complex than other types of businesses.

Wähle eine der folgenden:

Erklärung

Frage 3 von 39

The most important selection of criteria used by human resources in the hiring process is to rely on information provided in

Wähle eine der folgenden:

Erklärung

Frage 4 von 39

A duty to accommodate refers to an employer's obligation to take appropriate steps to eliminate discrimination against employees.

Wähle eins der folgenden:

Erklärung

Frage 5 von 39

In North America, decision making is typically bottom up.

Wähle eins der folgenden:

Erklärung

Frage 6 von 39

What is another term for international trade?

Wähle eine der folgenden:

Erklärung

Frage 7 von 39

What does EFTA stand for?

Wähle eine der folgenden:

Erklärung

Frage 8 von 39

The members of the G8 usually meet in this season

Wähle eine der folgenden:

Erklärung

Frage 9 von 39

In terms of grading, Choice is better than Prime

Wähle eins der folgenden:

Erklärung

Frage 10 von 39

The majority of the ingredient listed on a bag of bread would be natural resources.

Wähle eins der folgenden:

Erklärung

Frage 11 von 39

Which of the following is not a factor of production

Wähle eine der folgenden:

Erklärung

Frage 12 von 39

Which of the following is an example of a capital resource.

Wähle eine der folgenden:

Erklärung

Frage 13 von 39

Wähle von der Aufklappliste, um den Text zu vervollständigen.

Supplies Ingredients Raw Materials Tools( Supplies, Ingredients, Raw Materials, Tools ) are used to maintain the machines that make KitKat chocolate bars

Erklärung

Frage 14 von 39

Wähle von der Aufklappliste, um den Text zu vervollständigen.

Raw Materials Natural Resources Supplies Managers( Raw Materials, Natural Resources, Supplies, Managers ) are goods that are used in the manufacturing of other goods.

Erklärung

Frage 15 von 39

The commercial market and the consumer market are considered to be the two Cs of Marketing.

Wähle eins der folgenden:

Erklärung

Frage 16 von 39

Liabilities are debts owed to others and are similar to assets owned by the same person.

Wähle eins der folgenden:

Erklärung

Frage 17 von 39

Assets for a business would include such things such as cash, accounts payable, supplies, inventory, bank loans, equipment, and land.

Wähle eins der folgenden:

Erklärung

Frage 18 von 39

If an owner earned $30,000 by the end of the accounting period, which account would deb adjusted

Wähle eine der folgenden:

Erklärung

Frage 19 von 39

A company begins it`s fiscal year on June 1st. At that time their beginning inventory is $1250. The total goods available for sale for the year was $7250. When they counted their inventory at the end of the year they had $800 worth left. What was the value of the goods purchased for the year

Wähle eine der folgenden:

Erklärung

Frage 20 von 39

What needs fall under the categories of each tier on Maslow's Hierarchy of Needs?

Ziehe eine Antwort zum richtigen orangen Punkt.

( Supplies, Ingredients, Raw Materials, Tools ) are used to maintain the machines that make KitKat chocolate bars

( Raw Materials, Natural Resources, Supplies, Managers ) are goods that are used in the manufacturing of other goods.

A company begins it`s fiscal year on June 1st. At that time their beginning inventory is $1250. The total goods available for sale for the year was $7250. When they counted their inventory at the end of the year they had $800 worth left.
What was the value of the goods purchased for the year

A sole proprietorship has ❌
A partnership had ❌.
Shareholders in corporations are ❌