Home > DSST > Quizzes > DSST Introduction To Business
DSST Introduction To Business
Fast practice, instant feedback. Timer auto-submits when time’s up.
Avg score: 89% • Most missed: “More and more companies are using __________ agreements as a source of internati…”
DSST Introduction To Business
Time left 00:00
25 Questions

1. In the United States - _______ have traditionally been used not only to raise revenue for government - but also to encourage or discourage certain types of behavior - including the restriction of certain business activities.

2. Roughly two-thirds of business founders start from scratch with new ventures - commonly called ________ ___________ company.

3. Large companies increasingly are subcontracting work to small businesses through a process called _____________.

4. As foreign markets continue to grow in importance - the number of ____________ - or companies with operations in more than one country - is likewise increasing.

5. Once human resources has decided it needs to fill a particular position - it will then evaluate the requirements of the position through a formal - objective method called ___ _______.

6. A regulatory _______ is any of a wide variety of administrative groups established to protect the rights of one or more group of stakeholders from the potentially harmful actions of business.

7. Business owners pay as much as $150 billion every year due to product ________ lawsuits - which hold the producer or seller responsible for damages or injuries to the consumer.

8. A broader indicator of international trade than the balance of trade - the balance of __________ measure the total flow of money into the country minus the total flow of money out of the country - over some specified period of time.

9. A _______ ________is a special type of strategic alliance in which two or more organizations join together to create a new business entity that is legally separate and distinct from its parents.

10. Most companies use a system of _______ control to determine the right quantity of various items to have on hand and to keep track of their location - use - and condition.

11. Following job analysis - the human resources staff will use their findings to complete a ____ ___________ - a formal statement summarizing the tasks involved in the job and the conditions under which the employee will work.

12. One way in which two or more companies might jointly develop - produce - or sell products in the global marketplace is by forming a long-term partnership called a ________ ___________.

13. Because of the high costs and regulatory complexities of selling stock through an initial public offering (IPO) - many companies are instead choosing to sell shares of stock directly to investors through a _______.

14. A _____ business can be defined as a company that is independently owned and operated - is not dominant in its field - and is relatively small in terms of sales and number of employees.

15. Specific items are subject to _____ taxes - regulatory taxes that are intended to help control potentially harmful practices or to help pay for public services used by taxpayers.

16. The Federal Trade Commission Act (1914) is a famous example of _______ legislation - intended to prevent individual companies or groups of companies from gaining control of markets in ways that restrain competition or harm consumers.

17. NAFTA is a controversial example of a ________ bloc - an organization of nations that removes barriers to trade among their members and also establishes uniform barriers to trade with nonmember nations.

18. A ________ is a business arrangement in which a small business obtains the rights to sell the goods or services of the supplier within a specific territory.

19. ______ is widely used today to apply computer graphics and mathematical modeling in the design of products.

20. ___________ - or selling and shipping goods and services to another country - is one of the least risky forms of international business activity.

21. _____________ - or subcontracting work to outside companies - is a common staffing strategy by companies that lack specialized resources internally.

22. One common incentive program is the ________ _________ system - in which a company distributes a portion of its profits to employees. It encourages employees to work harder - since the more profits the company makes - the larger the compensation will

23. The majority of small businesses are what are known as ________ businesses. They are built around the personal and financial needs of an individual or family - and are not typically designed to grow into large enterprises.

24. __________ is the process by which the government sets the ground rules and basic standards of proper business behavior - in order to prevent conflicts and facilitate the workings of the economic system.

25. Quality __________ is a comprehensive system of policies - practices - and procedures implemented throughout a company to create and produce quality goods and services.

⚡ Recently practiced quizzes in this topic
Live quiz activity
DSST Environmental Science DSST Criminal Justice Human Resource Management Test DSST World Religions2 DSST Introduction To World Religions DSST Europe After 1945 DSST Money and Banking Exam Practice Test 1 DSST Technical Writing Technical Writing Introduction to Business
 
❤ If you liked Fatskills, consider supporting us by checking out The Life Manuals You Never Got.

🌈  Our mission is to help improve your scores in any subject and exam withonline quizzes, practice tests, study guides, & advice for students. Since 2018.
About | Explore | User Guide | Topics | Subjects | Doubt Solver | Career Aptitude Test | Answers | Free Tools | OSHA Basics Quiz | What Should We Know?
Privacy | Terms |
Without work one finishes nothing. - Ralph Waldo Emerson
© 2026 Fatskills.com

All trademarks, logos and brand names are the property of their respective owners. All company, product and service names used in this website are for identification purposes only. Use of these names, trademarks and brands does not imply endorsement.