This quiz works best with JavaScript enabled. Home > Economics > Incentives > General > Incentives – Quiz 1 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Incentives Quiz 1 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. What is an example of a monetary incentive? A) Income. B) Discount. C) Sales tax. D) Tip. Show Answer Correct Answer: B) Discount. 2. $ 5.00 off a pair of $ 22.99 sunglasses A) $ 17.90. B) $ 16.90. C) $ 16.99. D) $ 17.99. Show Answer Correct Answer: D) $ 17.99. 3. Recognition means acknowledgment with a show of ..... A) Disrespect. B) Appreciation. C) Demotivation. D) Depreciation. Show Answer Correct Answer: B) Appreciation. 4. Intrinsic incentives are ones that reward you ..... A) Inside, like with satisfaction or joy. B) Outside, like with money or a promotion. C) Both inside and outside, like writing a bestselling novel. D) In school. Show Answer Correct Answer: A) Inside, like with satisfaction or joy. 5. In LTIS, ..... of the incentive earned in a quarter would be hold & paid as ..... after completion of next 2 quarter plan achievement. A) 30%, 150%. B) 50%, 100%. C) 30%, 100%. D) 30%, 200%. Show Answer Correct Answer: D) 30%, 200%. 6. In economics there are 4 types of resources. Which of the following is NOT a type of resource? A) Land. B) Money. C) Labor. D) Entrepreneurship. Show Answer Correct Answer: B) Money. 7. There is a "buy 2 get 1 free" sign for packs of gum. Each pack costs $ 1.09. What is the price of six packs of gum? A) $ 4.36. B) $ 2.18. C) $ 3.27. D) $ 6.54. Show Answer Correct Answer: A) $ 4.36. 8. When two similar businesses compete for the samedesired outcomea. marketb. profitc. competitiond. price incentive A) B. B) C. C) D. D) A. Show Answer Correct Answer: B) C. 9. As a new business owner, Thomas is willing to work long hours, watch his spending, and sacrifice his social life to focus on building his clientele. What entrepreneurial trait is Thomas exhibiting A) Humility. B) Objectivity. C) Organization. D) Determination. Show Answer Correct Answer: D) Determination. 10. How long can BFI be earned after activating for the first time A) 24 months. B) 18 months. C) 6 Months. D) 12 months. Show Answer Correct Answer: D) 12 months. 11. What is the final price if you have a $ 4.50 coupon on a $ 25.99 candle? A) $ 19.99. B) $ 21.49. C) $ 20.49. D) $ 21.59. Show Answer Correct Answer: B) $ 21.49. 12. Rebate on a flat screen tv; sale price = $ 558.79 A) $ 567.89. B) $ 798.27. C) $ 698.27. D) $ 2223.09. Show Answer Correct Answer: B) $ 798.27. 13. The amount of a good or service that consumers are willing and able to buy at a certain price. A) Supply. B) Demand. C) Resources. D) Consumption. Show Answer Correct Answer: B) Demand. 14. Rebate on a $ 329.00 fax machine A) $ 279.60. B) $ 289.65. C) $ 27.965. D) $ 279.65. Show Answer Correct Answer: D) $ 279.65. 15. What is the final price if you have a $ 10 coupon on a $ 50 dinner? A) $ 45. B) $ 40. C) $ 10. D) $ 35. Show Answer Correct Answer: B) $ 40. 16. ..... is a cost of living allowance paid to employees, to help accommodate the constantly increasing cost of living. A) House Allowance. B) Dearness Allowance. C) Employees Allowance. D) None of above. Show Answer Correct Answer: B) Dearness Allowance. 17. To be a good standard of value, money must be ..... A) Familiar. B) Divisible. C) Accepted. D) All of these options. Show Answer Correct Answer: D) All of these options. 18. Which of the following is not a non-financial incentive? A) Job enrichment. B) Status. C) Employee progress. D) Bonus. Show Answer Correct Answer: D) Bonus. 19. BLANK Reinforcement is key to successful incentives. You need to be regularly rewarded to keep doing the good behavior. A) Negative. B) Positive. C) Unclear. D) Neutral. Show Answer Correct Answer: B) Positive. 20. Sally bought a coat that was regularly priced for $ 157.00. The store was having a 60% off sale on all winter coats. How much did Sally spend on her coat? A) $ 97.00. B) $ 107.00. C) $ 94.20. D) $ 62.80. Show Answer Correct Answer: D) $ 62.80. 21. Which of these is an example of an incentive? A) You find a penny on the ground. B) Your mom gives you a brownie in your lunchbox. C) Your teacher says if you finish your work early, you can have extra recess. D) A mechanic changes the oil on your car. Show Answer Correct Answer: C) Your teacher says if you finish your work early, you can have extra recess. 22. Pablo buys a mattress set for 15% of the regular price and uses a coupon for 20% off the reduced price. If Pablo paid $ 1, 223.32 for the mattress set after the incentives, what was the regular price of the mattress set? A) $ 1, 699.00. B) $ 1, 799.99. C) $ 1, 899.00. D) $ 1, 799.00. Show Answer Correct Answer: D) $ 1, 799.00. 23. Which "G" of Exploration is described below?"Countries in the 'Old World' were coming to the 'New World' for Wealth and Economic Gain" A) God. B) Glory. C) Gold. D) None of above. Show Answer Correct Answer: C) Gold. 24. Rebate on a $ 329.00 fax machine. What is the sale price? A) $ 279.60. B) $ 27.965. C) $ 279.65. D) $ 289.65. Show Answer Correct Answer: C) $ 279.65. 25. Vince's gross monthly pay is $ 2, 150. Vince pays 11.5% of his monthly pay in federal withholding. How much does he pay each month? A) $ 24.73. B) $ 2.47. C) $ 247.25. D) None of the Above. Show Answer Correct Answer: C) $ 247.25. 26. Several wage incentive plans aims at linking payment of wages to increase in ..... at individual or group level A) Productivity. B) Profit. C) Sales. D) Input. Show Answer Correct Answer: A) Productivity. 27. A place where buyers and sellers exchange goods andservicesa. marketb. profitc. competitiond. price incentive A) C. B) B. C) A. D) D. Show Answer Correct Answer: C) A. 28. The amount paid or earned for the use of money. The formula is I = prt A) Compound Interest. B) Coupon. C) Monetary Incentives. D) Simple interest. Show Answer Correct Answer: D) Simple interest. 29. Production Incentive for LTSP if >=75% Monthly Plan achieved is A) 5%. B) 1.25%. C) 6%. D) 4%. Show Answer Correct Answer: C) 6%. 30. Which group do incentives influence to change their behavior? A) Buyers. B) Sellers. C) Both buyers and sellers. D) None of these answers. Show Answer Correct Answer: C) Both buyers and sellers. Next →Related QuizzesIncentives QuizzesEconomics QuizzesIncentives Quiz 2Incentives Quiz 3Incentives Quiz 4Incentives Quiz 5Incentives Quiz 6Incentives Quiz 7 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books