Review Game Zone
Flash Cards
(current)
Games
Teachers
Search
BML Semester Exam 2
Test Description: BML Semester Exam set 2
Instructions: Answer all questions to get your test result.
1) Entrepreneurs
A
must have a business degree to be successful.
B
almost always own their first business while in their teens.
C
must have a very low tolerance for ambiguity.
D
come from all age categories and educational backgrounds.
2) Which of these allows an individual entrepreneur the most flexibility in decision-making?
A
proprietorship
B
partnership
C
corporation
D
limited liability company
3) Who bears the most risk of loss as well as the chances of benefits in a business?
A
customers
B
management
C
the owner
D
employees
4) Which of these is NOT a risk involved in business ownership?
A
changing legal or political environment
B
excess job security
C
technological changes
D
changing economic conditions
5) To which of these groups do business owners have obligations?
A
employees
B
investors
C
all of these
D
customers
6) What follows prosperity in the normal business cycle?
A
recovery
B
recession
C
depression
D
prospermia
7) The point where the supply curve and the demand curve meet is called the
A
retail price.
B
market price.
C
wholesale price.
D
sale price.
8) What does it mean to say that "the dollar is weak"?
A
Foreign currency has more purchasing power in the US.
B
All of these.
C
The dollar has less purchasing power in other countries.
D
People prefer to have other forms of currency.
9) With a website, a business can get customers from
A
nationwide.
B
the local neighborhood.
C
almost anywhere in the world.
D
all of these.
10) Which of these affects a country's exchange rate?
A
economic conditions
B
political stability
C
all of these
D
balance of payments
*select an answer for all questions
Check Results & Get Answers
Play Games with the Questions Above
Teachers: Create FREE classroom games with your questions
Click for more info!
©2007-2024
ReviewGameZone.com
|
About
|
Privacy
|
Contact
|
Terms
|
Site Map
WAIT! Find what you needed?
×
Still Looking for the Answers?
Have Another Question?
Play a Review Game with These Questions?
Want to Make Your Own Test Like This One?