湖北经济学院
第一章单元测试
  1. _______ is to buy products with intention of using them as materials in making a new product. ( )

  2. A:Service business
    B:Merchandising business
    C:Manufacturing business
    D:Hybrid business

    答案:Manufacturing business

  3. _____ are the potential advantages of setting up a corporation. ( )

  4. A:Legal entity
    B:Easier to secure funding
    C:Limited liability
    D:Shared resources or ideas

    答案:Legal entity
    ###Easier to secure funding
    ###Limited liability

  5. ______ breaks up a company into different groups based on specialization of the work. ( )

  6. A:Flat structure
    B:Matrix structure
    C:Functional structure
    D:Divisional structure

    答案:Functional structure

  7. The advantages of a flat business management structure include____. ( )

  8. A:Faster decision-making
    B:More autonomy
    C:Less hierarchy
    D:Encouraging innovation

    答案:More autonomy
    ###Less hierarchy
    ###Encouraging innovation

  9. _____ refers to the process of providing money for business activities to make purchases or investments. ( )

  10. A:Marketing
    B:Production
    C:Management
    D:Financing

    答案:Financing

  11. ______is a common type of debt financing from the bank. ( )

  12. A:IPO
    B:Venture capital
    C:Bond
    D:Bank loan

    答案:Bank loan

  13. Which of the following points is not an advantage of equity financing? ( )

  14. A:Retaining business ownership
    B:No need to pay back money
    C:No need to pay interest
    D:Less financial pressure

    答案:Retaining business ownership

  15. _____ are the commonly used production factors for producing products or service.
    ( )

  16. A:Land
    B:Entrepreneurship
    C:Labor
    D:Capital

    答案:Land
    ###Entrepreneurship
    ###Labor
    ###Capital

  17. _____in market economy act as a signal for producers and consumers in making business decisions. ( )

  18. A:Production
    B:Price
    C:Management
    D:Government command

    答案:Price

  19. _____is not a possible feature of the market economy ? ( )

  20. A:Private ownership
    B:Centralized decision making
    C:Voluntary exchange
    D:Unplanned activity

    答案:Centralized decision making

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