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Biz Theory

written by: bobby
 
Test your knowledge on the theory of business, marketing and the art of making money.

Question 1:


The study of the efficient and effective operation of a business is called this.  (place mouse pointer over ? icon to view hints or answer requirements)


Question 2:


Dumping in the context of trade law is observed when this takes place.
A manufacturer sells his product to a company which exports the product to other countries.
A manufacturer imports a product at an unfairly low price in order to obviate his competition.
A manufacturer in one country exports a product to another country at an unfairly low price.
A manufacturer refuses to export his product.

Question 3:


A small business is defined as business whose number of employees is under 1000.
False
True

Question 4:

View the provided image.
The chart on the picture presents the prices of some currencies in the late 20th century. What is the exact term for the depicted process?
Deflation
Devaluation
Inflation
There is no correct answer


View Image

Question 5:


NAFTA includes three of these four countries. Which is the odd one?
The USA
Mexico
Cuba
Canada

Question 6:


Free Trade can refer to goods, services, labour and capital.
False
True

Question 7:


Protectionism is an economic policy of promoting domestic industries through debunking foreign goods.
False
True

Question 8:


Prices of goods rise when quantity diminishes.
False
True

Question 9:


Linking the producers of a product with customers is a craft, known as this.  (place mouse pointer over ? icon to view hints or answer requirements)


Question 10:

View the provided image.
The graphic element of a trademark or brand is called this.
Symbol
Emblem
Sign
Logo


View Image

 


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