NAME_____________________________________ CLASS___________________

MULTIPLE CHOICE QUIZ 1. In a free market economy: a) All is controlled by the state b) All is controlled by the citizens c) All is controlled by the goods 2. In a centrally planned economy a) All is controlled by the state b) All is controlled by the citizens c) All is controlled by the goods . ! m"#ed economy: a) Is a combination of the free market economy and a centrally planned one b) Is a combination of the economies of different states of an association c) Is a combination of the sector of an industry $. Cl"ck %&'"ne'' "' a t"tle a) Referring to dotcom companies b) Referring to mortar companies c) Referring to photography (. )r"ck %&'"ne'' "' a t"tle a) Referring to dotcom companies b) Referring to mortar companies c) Referring to pottery *. Cl"ck and %r"ck %&'"ne'' "' a t"tle: a) Referring to pottery and photography b) Referring to Amazon c) Referring to companies which exist on the Net and traditionally +. ,"nd t-e e#ample of pr"mary 'ector a) Mining b) Refineries c) Banking .. ,"nd t-e e#ample of 'econdary 'ector a) Mining b) Refineries c) Banking /. ,"nd t-e e#ample of tert"ary 'ector a) Mining b) Refineries c) Banking 10.E1commerce 'tand' for: a) uropean !ommerce b) lectronic commerce

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mpire commerce

11.! partner'-"p can %e a : a) "ri#ate or public one b) $imited or unlimited one c) %ranchisor or franchisee one 12.! l"m"ted company can %e a : a) %ranchisor and franchisee one b) $imited or unlimited one c) "ri#ate or public one 1 .! cooperat"2e can %e a : a) $imited or unlimited one b) "ri#ate or public one c) &orker' retail or producer one 1$.Cooperat"2e' are: a) !omposed by one person who runs the business b) A business owned and run by members who ha#e a #ote c) A business in which the #ote depends on money 1(.L"m"ted Compan"e': a) Are owned by shareholders b) Are owned by cooperati#es c) Are owned by common people 1*.Ltd 'tand' for: a) $ighted b) $imited c) $ongtidied 1+.Ltd "' &'ed for : a) "ri#ate $imited !ompanies b) "ublic $imited !ompanies c) !ooperati#es 1..Plc "' &'ed for: a) !ooperati#es b) "ublic $imited !ompanies c) "ri#ate $imited !ompanies 1/.! 3ole trader "': a) A person who owns and runs a business b) A group of people running a business c) A person who asks others to trade 20.! partner'-"p con'"'t' of: a) A person who has a ship of partners b) A group of people who makes a legal agreement c) (wo people engaged with a sole trader

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M!TCH THE 6O47 6ITH THE 7E,I8ITIO83

1. T-e Mana9"n9 7"rector 2. T-e ,"nance Mana9er . T-e Prod&ct"on Mana9er $. T-e 3ale' Mana9er (. T-e P&rc-a'"n9 Mana9er *. T-e H&man 4e'o&rce Mana9er +. T-e Market"n9 Mana9er .. T-e )oard of 7"rector' /. T-e pr"mary 'ector

10. T-e 'econdary 'ector 11. T-e tert"ary 'ector 12. Con'&mer1to con'&mer commerce

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1 . )&'"ne''1 to con'&mer e1commerce 1$. )&'"ne''1 to %&'"ne'' e1commerce 1(. 8eed' 1*. 6ant' 1+. ,ree market economy 1.. Centrally planned economy 1/. ,ranc-"'ee 20. ,ranc-"'or

a) +e stablishes goals and chooses the Managing .irector b) It includes fishing' mining' forestry' agriculture c) +e Runs company day8to8day and makes sure the .epartments work together d) (hings you wish to ha#e e) +e (akes care of the %irm@s finances and payments f) Business sells products to consumers using Internet g) ,ystem with an eAual distribution of wealth h) +e ,uper#ises goods@ production and Auality i) (he company which gi#es the authorizationBfranchise) to sell goods or ser#ices C) !ompanies sell to and buy from each other using Internet k) +e !hooses and trains staff l) (he company which recei#es the authorization Bfranchise) to sell goods or ser#ices m) It includes ser#ice industries such as insurance' banking' communication n) +e (hinks of the way to promote the company and its products o) ,ystem with great choice and competition p) !onsumers sell products to each other using Internet A) (hings which are necessary to sur#i#e r) +e .eals with the Auantity and Auality of the materials reAuired s) It includes manufacturing industries such as steel8making mills t) +e ,uper#ises the sales team' the targets and deals with customers@ complaints