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Questions in business

📝 Answered - What are factors of production? A. all the human efforts involved in the production process B. all the resources used to produce any goods and services C. all the physical tools and equipment used in the production process D. all the naturally occurring resources found in land, air, and water

📝 Answered - Insurance companies create a pool of funds to handle A. risk B. gain C. loss D. safety

📝 Answered - Some employers want to provide their own coverage but do not have the staff to administer the coverage. What option is available? A. establish an individual policy for each employee B. establish a fully insured, self-administered plan C. establish a fully insured plan and hire a third-party administrator D. establish a self-funded/self-insured plan and hire a third-party administrator

📝 Answered - If you have an investment with 1% return but inflation is 3%, at the end of the year you will have: A. Less purchasing power B. The same purchasing power C. More purchasing power

📝 Answered - What is a family brand? A. A brand used during the maturity stage of the product life cycle B. A brand for the products in one or more product lines C. Goods purchased for use by a family D. A brand for children's products

📝 Answered - Use the trade discount system shown in the table to calculate the cost of 500 lbs of product if the retail price is $5 per pound. | Trade Discount | | --- | | 0-100 lbs | 5 % | 101-400 lbs | 15 % | 401+ lbs | 30 %

📝 Answered - How does an investment perform, or how much value does it gain or lose over a period of time, is called? A. Return B. Compounding C. Diversification

📝 Answered - Under which circumstance would someone need disability insurance? A. A person's suitcase was stolen and valuables were lost. B. A person has contracted the flu and needs a prescription. C. A person was in a car accident and cannot work for several months. D. A person's house was seriously damaged during a natural disaster.

📝 Answered - If you want a career in the mining sector, the most useful subject to study would be: A. English B. Science C. Business Studies D. Personal Development QUESTION 6 A curriculum vitae is a A. covering letter. B. letter of application for a job. C. reference for a person applying for work. D. record of one's qualifications and experience. QUESTION 7 If you want a reference which describes how good you are as a worker, you ask someone for a A. reference B. testimonial C. character reference D. professional reference

📝 Answered - A $100 coat is sold in bulk to your store for $84. Calculate the trade discount rate.