Business Basics Quiz - FamilyEducation

Business Basics Quiz

How much do you know about the basics of business? Take the quiz!

Quiz

How much do you know about the basics of business? Take the quiz!

1. Many businesses use the abbreviation 'Inc.,' which is short for:

  • Incorporated
  • Incognito
  • In common

2. When a business wants newspapers or magazines to write something positive about its products, the business might seek help from a:

  • Financial adviser
  • Merchandising expert
  • Public relations firm

3. A business that sells products only to other businesses, not to the general public, is called a:

  • Specialty store
  • Discount store
  • Wholesaler

4. A shareholder is someone who:

  • Works for a particular corporation
  • Owns stock in a particular corporation
  • Buys a particular product

5. Economists often refer to agricultural or mineral products as:

  • Commodities
  • Collectibles
  • Durable goods

6. A business that arranges the movement of products or commodities between two countries is an:

  • Export-import firm
  • Airline
  • International travel agent

7. The federal agency with most oversight of the nation's monetary policy and the stability of the financial system is the:

8. The system of classifying, analyzing, and interpreting financial records is known as:

  • Marketing
  • Accounting
  • Investing

9. A company that owns a number of other businesses in various fields is called a:

  • Bank
  • Multinational corporation
  • Conglomerate

10. The Organization of Petroleum Exporting Countries, OPEC, is a:

  • Oligarchy
  • Cartel
  • Monopoly

1. Many businesses use the abbreviation 'Inc.,' which is short for:
Incorporated

2. When a business wants newspapers or magazines to write something positive about its products, the business might seek help from a:
Public relations firm

3. A business that sells products only to other businesses, not to the general public, is called a:
Wholesaler

4. A shareholder is someone who:
Owns stock in a particular corporation

5. Economists often refer to agricultural or mineral products as:
Commodities

6. A business that arranges the movement of products or commodities between two countries is an:
Export-import firm

7. The federal agency with most oversight of the nation's monetary policy and the stability of the financial system is the:
Federal Reserve System

8. The system of classifying, analyzing, and interpreting financial records is known as:
Accounting

9. A company that owns a number of other businesses in various fields is called a:
Conglomerate

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