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Business Concepts

Choose the correct concept:
Quiz by moda
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Last updated: November 24, 2020
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First submittedNovember 24, 2020
Times taken19
Average score73.3%
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1. A term for matters regarding the management, creation, and study of money and investments
Marketing ✓
Finance ✓
Audit ✓
Business administration ✓
2. Refers to factors that allow a company to produce goods or services better or more cheaply than its rivals
Currency ✓
Oligopoly ✓
Monopoly ✓
Competitive advantage ✓
3. A branch of economics that studies the behavior of individuals and firms in making decisions regarding the allocation of scarce resources and the interactions among these individuals and firms.
Advance economic ✓
Macroeconomic ✓
Microeconomics ✓
Internal economic ✓
4. The value of money that has been used up to produce something or deliver a service, and hence is not available for use anymore
Money value ✓
Price ✓
Cost ✓
Profit ✓
5. Generally defined as a contractual agreement in which a borrower receives something of value now and agrees to repay the lender at a later date
Debit ✓
Contract ✓
Credit ✓
Trial balance ✓
6. The total monetary or market value of all the finished goods and services produced within a country's borders in a specific time period.
GPB ✓
GBB ✓
GNP ✓
GDP ✓
7. It is a decentralized digital currency without a central bank or single administrator that can be sent from user to user
Bitcoins ✓
Money ✓
Changes ✓
Monitory ✓
8. A place or area that current businesses aren't serving.
Non controlling interest ✓
Gap ✓
Market map ✓
Disadvantage marketing. ✓
9. Examination and evaluation of a firm's or individual's financial records to derive evidence that can be used in a court of law
Auditing ✓
Forensic audit ✓
Internal audit ✓
External audit. ✓
10. Accounting document that records a business transaction
Official stamps ✓
Paper ✓
Book ✓
Sales invoice ✓
11. Is the process of advertising any kind of good or service to potential consumers via digital strategies
Promotion. ✓
Online Marketing ✓
Startegic Marketing ✓
International Market. ✓
12. Overall process of identifying, attracting, screening, shortlisting, and interviewing, suitable candidates
HR ✓
Lay up ✓
Recruitment. ✓
Promoted ✓
13. Is the merger and acquisition of many smaller companies into a few much larger ones.
Subsidiary ✓
Consolidation ✓
Parent company ✓
Grouping ✓
14. Legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective.
Group ✓
Company ✓
Association ✓
Scout ✓
15. A company's core financial statements that shows their profit and lossProfit and Loss Statement
Trial Balance ✓
Statement of Accounts ✓
Balance sheet ✓
Income statement. ✓
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