This quiz works best with JavaScript enabled. Home > Economics > Incentives > General > Incentives – Quiz 2 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Incentives Quiz 2 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Involving employee in the decision making is ..... A) Employee promotion. B) Employee retirement. C) Employee empowerement. D) Employeeparticipation. Show Answer Correct Answer: D) Employeeparticipation. 2. Jenny is purchasing art supplies. She buys 3 jars of acrylic paint for $ 0.89 each, a set of paintbrushes for $ 11.99, and a blank canvas for $ 17.25. The sales tax is 6.2%. What is the total cost of Jenny's purchase, including tax? A) $ 30.00. B) $ 33.89. C) $ 31.91. D) $ 1.98. Show Answer Correct Answer: B) $ 33.89. 3. Which of the following is the most effective and convenient form of money? A) Gold. B) Livestock. C) Check. D) Cash. Show Answer Correct Answer: C) Check. 4. What is the final price if you have a 1/4 off discount on the price of a $ 75.85 rug? A) $ 50.85. B) $ 94.81. C) $ 56.89. D) $ 18.96. Show Answer Correct Answer: C) $ 56.89. 5. Roger is buying a new microwave. The original price of the microwave is $ 510. Which offer will result in the lowest price. A) $ 50 coupon, and then a $ 10 rebate. B) 20% off, and then a $ 80 coupon. C) 30% off. D) $ 100 coupon. Show Answer Correct Answer: B) 20% off, and then a $ 80 coupon. 6. BLANKs are things that motivate you to do something. A) Benefits. B) Incentives. C) Controllers. D) Costs. Show Answer Correct Answer: B) Incentives. 7. BBI is de-activated after achieving A) Silver. B) Platinum. C) Founders Platinum. D) None of the above. Show Answer Correct Answer: D) None of the above. 8. ..... not having enough resources to satisfy all of the needs/wants A) Scarcity. B) Opportunity Cost. C) Tradeoff. D) None of above. Show Answer Correct Answer: A) Scarcity. 9. Under these incentive schemes, employees are offered company shares at a set price which is lower than market price. A) Perquisites. B) Retirement benefits. C) Co-partnership. D) Profit sharing. Show Answer Correct Answer: C) Co-partnership. 10. Which of the following is a financial concern that entrepreneurs often face when starting new businesses: A) Irregular paychecks. B) Lower production standards. C) Shorter vacations. D) Long working hours. Show Answer Correct Answer: A) Irregular paychecks. 11. If you don't know the answer to a question, you should: A) Give up. B) Try to elminate a wrong answer. C) Pick your nose. D) Stare into space. Show Answer Correct Answer: B) Try to elminate a wrong answer. 12. What is the final price if you have a 1/3 discount off the price of a $ 4.89 frozen yogurt? A) $ 3.26. B) $ 1.64. C) $ 1.63. D) $ 3.36. Show Answer Correct Answer: A) $ 3.26. 13. What is the definition of Price? A) The amount of money exchanged for goods or services. B) Something used to affect people's behavior and choices. C) Money collected by the local, state, and federal governments. D) Money earned through employment. Show Answer Correct Answer: A) The amount of money exchanged for goods or services. 14. ..... anything that it used to make a good or service. A) Resources. B) Good. C) Service. D) None of above. Show Answer Correct Answer: A) Resources. 15. An observation that includes NUMBERS A) Prediction. B) Quantitative. C) Qualitative. D) Inference. Show Answer Correct Answer: B) Quantitative. 16. For every employee ..... is the basic monetary incentive. A) Salary. B) Bonus. C) House rent. D) Travelling allowance. Show Answer Correct Answer: A) Salary. 17. Itzel needs to buy some new socks. Each pair costs $ 6. If she spends at least $ 50, she qualifies for $ 10 off her total purchase. What is the fewest number of pairs of socks that she would need to buy to qualify for the discount? A) 8. B) 9. C) 7. D) 10. Show Answer Correct Answer: B) 9. 18. Anthony goes to an Italian deli that is selling sandwiches at 1/4 off this week. He can also use a coupon for $ 3.00 off the reduced price of the sandwich. How much would a $ 10.96 sandwich cost him, if he uses both incentives? A) $ 5.22. B) $ 3.22. C) $ 4.22. D) $ 5.99. Show Answer Correct Answer: A) $ 5.22. 19. What is the definition of Price Incentive? A) The amount of money exchanged for goods or services. B) Something used to affect people's behavior and choices. C) Money collected by the local, state, and federal governments. D) Money earned through employment. Show Answer Correct Answer: B) Something used to affect people's behavior and choices. 20. "The satisfaction or usefulness provided by consumption of a product or service." A) Opportunity Cost. B) Utility. C) Incentive. D) Tradeoff. Show Answer Correct Answer: B) Utility. 21. Who is eligible for receiving Customer Sales Incentive? A) At or below 9%. B) Below 9%. C) Below 15%. D) Everyone. Show Answer Correct Answer: A) At or below 9%. 22. When designing an incentive you want to associate positive outcomes with ..... A) A failure. B) A desired behavior. C) A mind game. D) A punishment. Show Answer Correct Answer: B) A desired behavior. 23. Money made after expenses are paida. marketb. profitc. competitiond. price incentive A) D. B) A. C) B. D) C. Show Answer Correct Answer: C) B. 24. A BLANK incentive is when a policy meant to encourage one behavior actually results in another behavior. A) Intrinsic. B) Extrinsic. C) Natural. D) Perverse. Show Answer Correct Answer: D) Perverse. 25. Off the price of a $ 4.89 frozen yogurt A) $ 1.00. B) $ 3.26. C) $ 32.60. D) $ 1.62. Show Answer Correct Answer: B) $ 3.26. 26. ..... supply & demand determines what gets produced A) Free Market Economy. B) Closed Economy. C) Socialism. D) None of above. Show Answer Correct Answer: A) Free Market Economy. 27. Mental talents of workers is an example of what productive resources? A) Land. B) Labor. C) Capital. D) Entrepreneurship. Show Answer Correct Answer: B) Labor. 28. A bookstore sells a novel for $ 4.50. The percent discount is 25%. Find the novel's sale price. (Round to nearest cent if necessary.) A) $ 3.37. B) 6.53 books. C) $ 2.25. D) $ 1.13. Show Answer Correct Answer: A) $ 3.37. 29. Concept that consumers rule and buyers ultimately determine which goods and services remain in production is referred to as A) Cromers Law. B) Consumer Demand. C) Consumer Supply. D) Consumer Soverighnty. Show Answer Correct Answer: D) Consumer Soverighnty. 30. Vince's gross monthly pay is $ 2, 150. Vince pays 2.1% of his monthly salary for Medicare. How much does he pay each month? A) $ 45.15. B) $ 451.50. C) $ 4.51. D) None of the Above. Show Answer Correct Answer: A) $ 45.15. ← PreviousNext →Related QuizzesIncentives QuizzesEconomics QuizzesIncentives Quiz 1Incentives Quiz 3Incentives Quiz 4Incentives Quiz 5Incentives Quiz 6Incentives Quiz 7 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books