Principles of Business and Finance Test Questions Bank and Answer Key

May 21st, 2016
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227 Multiple Choice Questions covering the following: PRINCIPLES OF BUSINESS Understand the role of business in the global economy. Understand economic systems. Understand economic activities and conditions. Understand business in the global marketplace. Understand the nature of business. Understand the types of business ownership. Understand leadership and management. Understand production and operations. Understand applications and issues of technology. Understand responsible actions for conducting business. Understand the role of marketing in business. Understand principles of marketing. Understand buying behaviors. PRINCIPLES OF FINANCE Understand the role of finance in business. Understand financial planning. Understand the banking system. Understand saving and investing options for clients. Understand business credit and risk management. Understand credit management. Understand risk management and insurance.

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DraftStudent Name: ______________________Teacher:______________________District:RichmondAssessment:9_12 Shared Courses BF10 - Principles of Business and Finance Test 2Description:BF Test BankForm:501Date:___________Draft1. Duke Energy Power Company uses water to power the area. Which resource is Duke Energy Power using?A.CapitalB.HumanC.NaturalD.Service2. Tony is trying to decide on which cars to sell at his dealership. He completed a spreadsheet to compare theoptions of cars. Which part of economic decision-making process has he performed?A.Defining the problemB.Evaluating the advantages and disadvantages of each choiceC.Choosing one choiceD. Acting on a choice3. John specializes in leasing commercial buildings to manufacturing companies. In which type of resourcedoes he specialize?A.CapitalB.HumanC.NaturalD.Service4. Brandons Towing Company added flat tire replacement services. Which economic question does thisaddress?A.For whom to produce?B.How to produce?C. What to produce?D. When to produce?5. Janes Steakhouse offers several dishes that may include whole wheat, corn, or beef. Which type of resourceis included in the dishes?A.CapitalB.HumanC.NaturalD.Service6. Tina needs to find employment to earn an income. She applied for positions as a teacher, contractor, andcoordinator. Which part of the economic decision-making process has she performed?A.Defining

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