Introduction to Business MCQs

True Tamplin

Written by True Tamplin, BSc, CEPF®
Updated on August 15, 2021

This test includes 25 multiple choice questions (MCQs) covering an introduction to business and business ethics. It will be helpful for accounting and finance students as a tool to prepare for exams or interviews.

In this quiz, each question has 4 options. You need to choose the correct option to move onto the next question. Whenever you are ready, you can begin the test below.

1. Wages are paid for:

2. Which of the following is false?

3. Which of the following is not a secondary industry?

4. How many types of industries are there?

5. Primary industries are further divided into:

6. Secondary industries are further divided into:

7. Which one of the following statements is false?

8. Which of the following are relevant to marketing?

9. Which one of the countries shown below has a more collectivist culture?

10. New and revised products may be tested through:

11. In which of the following practices do two or more organizations collaborate on a project for mutual gain?

12. When a manager focuses on making whatever products are easy to produce, and then trying to sell them, that manager has what kind of orientation?

13. What is the name given to the standards of moral behavior?

14. What is the process of locating, identifying, and attracting capable applicants called?

15. Which of the following is excluded from the advantages of sole proprietorship?

16. What is the combination of a product's qualities and features, its price, the way it is promoted and sold, and the places at which it is sold called?

17. What is the name for the typical sequence of changes in demand for a product that occurs over time?

18. Key controllable factors in global marketing are:

19. Which one of the following is an element of business?

20. What is the name for the first stage in evaluating a business?

21. Which of the following business types is associated with the longest lifetime?

22. Which of the following business types is required to pay double the level of taxes to the government?

23. What is the name given to the set of rules and regulations needed to manage the internal affairs of a company?

24. General information such as the apportionment, election, and powers of directors, along with voting rights and transfer of shares, is mentioned where?

25. How many days of notice are required to call an extraordinary meeting?

26. Which of the following is a source of acquiring redeemable capital?

27. The following person cannot petition the court to receive an order to close the company:

28. Which of the following is a disadvantage of modified schedules and alternative workplaces?

29. Which of the following managerial styles allows for the most rapid decision-making?

30. What is the name for the process of motivating others to work to meet specific objectives?


True Tamplin, BSc, CEPF®

About the Author
True Tamplin, BSc, CEPF®

True Tamplin is a published author, public speaker, CEO of UpDigital, and founder of Finance Strategists.

True contributes to his own finance dictionary, Finance Strategists, and has spoken to various financial communities such as the CFA Institute, as well as university students like his Alma mater, Biola University, where he received a bachelor of science in business and data analytics.

To learn more about True, visit his personal website, view his author profile on Amazon, his interview on CBS, or check out his speaker profile on the CFA Institute website.

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