Business Basics Quiz

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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