US Major Business Test 1

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Author: TestGru Team (Education Specialist)

20 questions · All questions on one page

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University Major — Test 1 (Business) University (Undergraduate Majors, USA) USA USA University Majors Curriculum

What is this test? for University Major review (University Major — Test 1 (Business)), USA — University (Undergraduate Majors, USA) level, USA.
For University students (Undergraduate) in Test 1 (Business) in the USA — is this your major?
Section: University Major — Test 1 (Business) · Education: University (Undergraduate) · Part: University Major — Test 1 (Business) · Country: USA

A regular habit of taking practice tests makes learned information stick and is one of the most important factors directly affecting exam success.

This test will help you gauge your knowledge in your field and manage your exam prep more efficiently.

By solving this test of 20 questions, you can both test your knowledge and identify the topics you need to improve.

Question 1

What is finance?

A) Money management

B) Making goods

C) Hiring staff

D) Selling only

Question 2

What is management?

A) No planning

B) Planning leading organizing

C) Workers only

D) Selling only

Question 3

What is interest?

A) Free money

B) Savings gift

C) Borrowing cost

D) Tax refund

Question 4

What is a business plan?

A) No plan

B) One page

C) Oral pitch

D) Roadmap document

Question 5

What is macroeconomics?

A) Whole-economy study

B) One firm

C) No study

D) Households only

Question 6

Which of the following best defines microeconomics?

A) Whole economy

B) Small-unit study

C) No study

D) World trade

Question 7

Which of the following best defines marketing?

A) Making goods

B) Hiring staff

C) Promoting selling

D) Counting cash

Question 8

Which of the following best defines supply and demand?

A) Fixed prices

B) No market

C) Government sets

D) Price-setting forces

Question 9

Which of the following best defines competition?

A) Rival sellers

B) One seller

C) No sellers

D) Government only

Question 10

Which of the following best defines profit?

A) Loss

B) Gain over cost

C) Break even

D) No sales

Question 11

Which of the following best defines leadership?

A) Ordering only

B) No people

C) Guiding people

D) Doing all

Question 12

Which of the following best defines a budget?

A) Tax bill

B) Bank loan

C) Savings jar

D) Spending plan

Question 13

Which of the following best defines GDP?

A) Output value total

B) Debt total

C) Tax total

D) Trade total

Question 14

Which of the following best defines inflation?

A) Falling prices

B) Rising prices

C) Flat wages

D) High taxes

Question 15

Which of the following best defines a balance sheet?

A) Movie

B) Letter

C) Snapshot finances

D) Ad

Question 16

Which of the following best defines market research?

A) No study

B) Guessing

C) Copying rivals

D) Customer study

Question 17

Which of the following best defines e-commerce?

A) Online buying

B) Mall only

C) Catalog only

D) Door sales

Question 18

Which of the following best defines fiscal policy?

A) Court rulings

B) Tax-spend management

C) Trade deals

D) Money printing

Question 19

What best defines a bond?

A) Share

B) Bill

C) Lent money paper

D) Coin

Question 20

What best defines target market?

A) Everyone

B) No buyers

C) Sellers

D) Intended buyers

US Major Business Test 1

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