US Major Business Test 3

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Author: TestGru Team (Education Specialist)

20 questions · All questions on one page

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University Major — Test 3 (Business) University (Undergraduate Majors, USA) USA USA University Majors Curriculum

What is this test? for University Major review (University Major — Test 3 (Business)), USA — University (Undergraduate Majors, USA) level, USA.
For University students (Undergraduate) in Test 3 (Business) in the USA — is this your major?
Section: University Major — Test 3 (Business) · Education: University (Undergraduate) · Part: University Major — Test 3 (Business) · Country: USA

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Question 1

What is venture capital?

A) Startup funding

B) Bank loans

C) No funds

D) Grants only

Question 2

What is a monopoly?

A) Many sellers

B) Single seller

C) No sellers

D) Buyer group

Question 3

What is the accounting equation?

A) Profit only

B) No equation

C) Assets equal liabilities equity

D) Cash only

Question 4

What is a startup?

A) Old firm

B) No business

C) Franchise only

D) New venture

Question 5

What is logistics?

A) Moving goods

B) Making goods

C) Selling goods

D) No moving

Question 6

What best defines microeconomics?

A) Whole economy

B) Small-unit study

C) No study

D) World trade

Question 7

Provide the definition of marketing:

A) Making goods

B) Hiring staff

C) Promoting selling

D) Counting cash

Question 8

Provide the definition of supply and demand:

A) Fixed prices

B) No market

C) Government sets

D) Price-setting forces

Question 9

Provide the definition of competition:

A) Rival sellers

B) One seller

C) No sellers

D) Government only

Question 10

What best defines profit?

A) Loss

B) Gain over cost

C) Break even

D) No sales

Question 11

Provide the definition of leadership:

A) Ordering only

B) No people

C) Guiding people

D) Doing all

Question 12

Provide the definition of a budget:

A) Tax bill

B) Bank loan

C) Savings jar

D) Spending plan

Question 13

Provide the definition of GDP:

A) Output value total

B) Debt total

C) Tax total

D) Trade total

Question 14

What best defines inflation?

A) Falling prices

B) Rising prices

C) Flat wages

D) High taxes

Question 15

Provide the definition of a balance sheet:

A) Movie

B) Letter

C) Snapshot finances

D) Ad

Question 16

Provide the definition of market research:

A) No study

B) Guessing

C) Copying rivals

D) Customer study

Question 17

Provide the definition of e-commerce:

A) Online buying

B) Mall only

C) Catalog only

D) Door sales

Question 18

What best defines fiscal policy?

A) Court rulings

B) Tax-spend management

C) Trade deals

D) Money printing

Question 19

Which term means "People management"?

A) accounting

B) the accounting equation

C) HR

D) a balance sheet

Question 20

Which term means "Recording finances"?

A) the accounting equation

B) a balance sheet

C) revenue

D) accounting

US Major Business Test 3

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