placeholder image to represent content

Intro to Business - Chapter 4

Quiz by Jan Timmerman

Our brand new solo games combine with your quiz, on the same screen

Correct quiz answers unlock more play!

New Quizalize solo game modes
34 questions
Show answers
  • Q1
    The U.S. economy is so big it can provide all of the goods American consumers want without doing business with other countries.
    True
    False
    30s
  • Q2
    When imports are greater than exports, a country has a positive balance of trade.
    False
    True
    30s
  • Q3
    Exchange rates are relatively stable and rarely change.
    True
    False
    30s
  • Q4
    Higher tariffs lead to decreased demand for the imported product.
    True
    False
    30s
  • Q5
    The embargo is by far the most frequently used trade barrier.
    True
    False
    30s
  • Q6
    A contract is not enforceable if the parties are not of legal age.
    False
    True
    30s
  • Q7
    Once it is signed, a written contract binds both parties to what is in the agreement.
    True
    False
    30s
  • Q8
    The illegal use of intellectual property is called hijacking.
    True
    False
    30s
  • Q9
    If you buy municipal bonds, you are lending money to the government that issued the bond.
    True
    False
    30s
  • Q10
    Municipal bonds are considered one of the most risky investments.
    False
    True
    30s
  • Q11
    A code of ethics is a set of rules for guiding the actions of employees or members of an organization.
    False
    True
    30s
  • Q12
    It can be difficult for a company to behave ethically while maintaining a competitive edge and earning a reasonable profit.
    False
    True
    30s
  • Q13
    Socially responsible businesses that cause pollution of lakes and rivers have taken action to eliminate or correct those operations.
    False
    True
    30s
  • Q14
    U.S. companies should always follow American customs and standards, even when they conduct business internationally.
    False
    True
    30s
  • Q15
    Social responsibility often involves costs that can reduce a business’s profits.
    False
    True
    30s

Teachers give this quiz to your class