Test por Odessa Hewitt-Bernhard, creado hace más de 1 año

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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	Creado por Odessa Hewitt-Bernhard hace más de 7 años

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Introduction to Business Exam Review- BBI2O (Canadian Focus)

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Pregunta 1 de 39

Another name for economic resources is

Selecciona una de las siguientes respuestas posibles:

human resources
factors of production
capital resources
natural resources

Explicación

Pregunta 2 de 39

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

Selecciona una de las siguientes respuestas posibles:

Service
Retail
Manufacturing
Not-for-Profit

Explicación

Pregunta 3 de 39

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

Selecciona una de las siguientes respuestas posibles:

a resume
an interview
an application letter
a reference check

Explicación

Pregunta 4 de 39

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

Selecciona uno de los siguientes:

VERDADERO
FALSO

Explicación

Pregunta 5 de 39

In North America, decision making is typically bottom up.

Selecciona uno de los siguientes:

VERDADERO
FALSO

Explicación

Pregunta 6 de 39

What is another term for international trade?

Selecciona una de las siguientes respuestas posibles:

Market Trade
Foreign Trade
Global Trade
National Trade

Explicación

Pregunta 7 de 39

What does EFTA stand for?

Selecciona una de las siguientes respuestas posibles:

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

Explicación

Pregunta 8 de 39

The members of the G8 usually meet in this season

Selecciona una de las siguientes respuestas posibles:

Fall
Winter
Spring
Summer

Explicación

Pregunta 9 de 39

In terms of grading, Choice is better than Prime

Selecciona uno de los siguientes:

VERDADERO
FALSO

Explicación

Pregunta 10 de 39

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

Selecciona uno de los siguientes:

VERDADERO
FALSO

Explicación

Pregunta 11 de 39

Which of the following is not a factor of production

Selecciona una de las siguientes respuestas posibles:

raw materials
natural resources
processing
management

Explicación

Pregunta 12 de 39

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

Selecciona una de las siguientes respuestas posibles:

Supervisor
Talent
Wheat
Internet

Explicación

Pregunta 13 de 39

Selecciona la opción correcta del menú desplegable para completar el texto.

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

Explicación

Pregunta 14 de 39

Selecciona la opción correcta del menú desplegable para completar el texto.

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

Explicación

Pregunta 15 de 39

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

Selecciona uno de los siguientes:

VERDADERO
FALSO

Explicación

Pregunta 16 de 39

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

Selecciona uno de los siguientes:

VERDADERO
FALSO

Explicación

Pregunta 17 de 39

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

Selecciona uno de los siguientes:

VERDADERO
FALSO

Explicación

Pregunta 18 de 39

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

Selecciona una de las siguientes respuestas posibles:

Cash
Owner`s Equity
Accounts Receivable
Accounts Payable

Explicación

Pregunta 19 de 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

Selecciona una de las siguientes respuestas posibles:

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

Explicación

Pregunta 20 de 39

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

Arrastra la opción correcta a cada uno de los puntos naranjas

food, water, shelter

safe communities, security

Love, Friends, Family, strong community

respect, self confidence, acceptance

spiritual needs, meaning to life

Explicación

Pregunta 21 de 39

As price rises...

Selecciona una de las siguientes respuestas posibles:

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

Explicación

Pregunta 22 de 39

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

Arrastra y suelta para completar el texto.

unlimited liability.

limited liability

not liable.

Explicación

Pregunta 23 de 39

SOHO stands for

Selecciona una de las siguientes respuestas posibles:

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

Explicación

Pregunta 24 de 39

Both debt and equity financing refer to borrowing money.

Selecciona uno de los siguientes:

VERDADERO
FALSO

Explicación

Pregunta 25 de 39

Rellena el espacio en blanco para completar el texto.

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

Explicación

Pregunta 26 de 39

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

Selecciona una o más de las siguientes respuestas posibles:

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

Explicación

Pregunta 27 de 39

Grassroots refers to something that starts from the bottom upwards.

Selecciona uno de los siguientes:

VERDADERO
FALSO

Explicación

Pregunta 28 de 39

Check off the benefits of trading internationally for businesses

Selecciona una o más de las siguientes respuestas posibles:

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

Explicación

Pregunta 29 de 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.

Arrastra y suelta para completar el texto.

Product

Price

Proximity

Preference

Promotion

Explicación

Pregunta 30 de 39

Which of these options is not a natural resource?

Selecciona una de las siguientes respuestas posibles:

Argiculture
Fuel and Energy
Farming
Mining
Water

Explicación

Pregunta 31 de 39

Consolidation refers to replacing workers with machines.

Selecciona uno de los siguientes:

VERDADERO
FALSO

Explicación

Pregunta 32 de 39

Selecciona la opción correcta de los menús desplegables para completar el texto.

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 )

Explicación

Pregunta 33 de 39

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

Selecciona una de las siguientes respuestas posibles:

Commision
Piece work
Fee for Service
Royalty

Explicación

Pregunta 34 de 39

What do each of the WHIMIS symbols mean?

Arrastra la opción correcta a cada uno de los puntos naranjas

Substance has immediate toxic effects

Substance has other toxic effects

Compressed gas

Biohazard

Oxidizing material

Flammable

Corrosive material

dangerously radioactive

Explicación

Pregunta 35 de 39

What kind of logo is this?

Selecciona una de las siguientes respuestas posibles:

Visual symbol
Monogram
Abstract

Explicación

Pregunta 36 de 39

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

Selecciona una de las siguientes respuestas posibles:

fad
trend
seasonal Market
Niche market

Explicación

Pregunta 37 de 39

Check off the 4 Ps of Marketing

Selecciona una o más de las siguientes respuestas posibles:

Proximity
Place
Product
People
Price
Packaging
Promotion

Explicación

Pregunta 38 de 39

Label the different parts to this balance sheet.

Arrastra la opción correcta a cada uno de los puntos naranjas

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

Explicación

Pregunta 39 de 39

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

Selecciona uno de los siguientes:

VERDADERO
FALSO

Introduction to Business Exam Review- BBI2O (Canadian Focus)

Introduction to Business Exam Review- BBI2O (Canadian Focus)

Pregunta 1 de 39

Another name for economic resources is

Selecciona una de las siguientes respuestas posibles:

Explicación

Pregunta 2 de 39

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

Selecciona una de las siguientes respuestas posibles:

Explicación

Pregunta 3 de 39

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

Selecciona una de las siguientes respuestas posibles:

Explicación

Pregunta 4 de 39

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

Selecciona uno de los siguientes:

Explicación

Pregunta 5 de 39

In North America, decision making is typically bottom up.

Selecciona uno de los siguientes:

Explicación

Pregunta 6 de 39

What is another term for international trade?

Selecciona una de las siguientes respuestas posibles:

Explicación

Pregunta 7 de 39

What does EFTA stand for?

Selecciona una de las siguientes respuestas posibles:

Explicación

Pregunta 8 de 39

The members of the G8 usually meet in this season

Selecciona una de las siguientes respuestas posibles:

Explicación

Pregunta 9 de 39

In terms of grading, Choice is better than Prime

Selecciona uno de los siguientes:

Explicación

Pregunta 10 de 39

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

Selecciona uno de los siguientes:

Explicación

Pregunta 11 de 39

Which of the following is not a factor of production

Selecciona una de las siguientes respuestas posibles:

Explicación

Pregunta 12 de 39

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

Selecciona una de las siguientes respuestas posibles:

Explicación

Pregunta 13 de 39

Selecciona la opción correcta del menú desplegable para completar el texto.

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

Explicación

Pregunta 14 de 39

Selecciona la opción correcta del menú desplegable para completar el texto.

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

Explicación

Pregunta 15 de 39

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

Selecciona uno de los siguientes:

Explicación

Pregunta 16 de 39

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

Selecciona uno de los siguientes:

Explicación

Pregunta 17 de 39

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

Selecciona uno de los siguientes:

Explicación

Pregunta 18 de 39

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

Selecciona una de las siguientes respuestas posibles:

Explicación

Pregunta 19 de 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

Selecciona una de las siguientes respuestas posibles:

Explicación

Pregunta 20 de 39

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

( 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 ❌