This section consists a set of 10 objective questions. Check with the question and answer the correct A, B, C or D

Note to Tutors : Explanation is not required, thank you.

I just want to compare professional teachers' answers to mine, and see if there are anything wrong with my answers.

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21. Which type of business environment can reduce or replace the need for traditional working methods, physical equipment and other platforms needed to conduct business?

A. Global business environment

B. Economic environment

C. Technological environment

D. Political legal environment

22. Concerning the development of a business during the entrepreneurial process, what is the major drawback of accepting venture capital?

A. Sharing company control

B. Having to pay high interest rates

C. Limited expansion

D. Having to write proposals

23. A separate company unit responsible for its own and revenue is referred to as which of the following?

A. Centralized organization

B. Decentralization organization

C. Department

D. Job specialty

24. Which of the following are the public goods?

A. Clothing

B. Foods

C. Medicals insurance

D. Beaches

25. Which of the following is related to the globalization, EXCEPT

A. Import and export

B. International

C. Social networking

D. Purchasing

26. Non-excludability is ___________________.

A. Goods cannot be confined to those who have paid for it, non-payers can take a free ride and enjoying the benefits of consumption.

B. Good being produced by the government for the usage and benefits of the societies, as a whole.

C. Goods that financed by the government.

D. Consumption by one person does not reduce the availability of a good to others.

27."Executives must demonstrate ethical behavior in their actions". The statement is referring to the definition of _______________.

A. Ethical leadership.

B. Ethical action.

C. Ethical education.

D. Ethical environment.

28. Which of the following is TRUE about private goods?

A. Goods that are being produced solely.

B. Financed by taxation.

C. Being produced for the benefits of the society.

D. Goods and service are meant to be shared by the society as a whole.

29. "A market structure with many buyers, many sellers, producing a homogeneous product and it is easy to enter or leave the market". The statement referring to ________________.

A. Perfect competitions.

B. Oligopoly competitions.

C. Monopoly competitions.

D. Monopolistic competitions.

30. "A situation where a person desires to work but is unable to gain employment" is referring to ____________.

A. Economic growth.

B. Unemployment.

C. Inflation.

D. Globalizations.