This quiz works best with JavaScript enabled. Home > Economics > Incentives > General > Incentives – Quiz 3 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Incentives Quiz 3 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. In what type of economy allocation do individuals and firms determine what will be produced? A) Government. B) Command. C) Market. D) Traditional. Show Answer Correct Answer: C) Market. 2. People outside are using umbrellas; it must be raining. A) Prediction. B) Quantitative. C) Qualitative. D) Inference. Show Answer Correct Answer: D) Inference. 3. Excused from being taxed A) Tax Exempt. B) Snoop Dog. C) Tax Pimped. D) Taxi Exit. Show Answer Correct Answer: A) Tax Exempt. 4. BONUS Question! What is Mrs. Cromers son's middle name? A) Steele. B) Stihl. C) Chainsaw. D) Steel. Show Answer Correct Answer: B) Stihl. 5. The method a country uses to answer the three economic questions A) Economic System. B) Economic Resources. C) Capitalism. D) None of above. Show Answer Correct Answer: A) Economic System. 6. Which one of these is NOT a characteristic of an entrepreneur? A) Specialist. B) Generalist. C) Idea person. D) Risk taker. Show Answer Correct Answer: A) Specialist. 7. Marielle computed her taxable income last year as $ 47, 678. Over the year, she paid $ 7, 201 in federal withholding. Use the tax table to find the amount of money Marielle will owe in additional taxes. (Use the chart on the review sheet) A) $ 868. B) $ 830. C) $ 843. D) $ 855. Show Answer Correct Answer: C) $ 843. 8. Most incentives are designed by people who want to control your ..... A) Voting habits. B) Bank account. C) Behavior. D) Purchasing choices. Show Answer Correct Answer: C) Behavior. 9. During the test, I should ..... A) Move as quickly as I can. B) Skip around the test. C) Take my time and stay focused. D) Think about what I'm going to do at recess. Show Answer Correct Answer: C) Take my time and stay focused. 10. In the early 1400's this country became a leader in world exploration (next to Spain) A) Italy. B) Portugal. C) Germany. D) France. Show Answer Correct Answer: B) Portugal. 11. ..... The actual thing you gave up to have something else. Everything has a cost A) Opportunity Cost. B) Tradeoff. C) Incentive. D) None of above. Show Answer Correct Answer: A) Opportunity Cost. 12. What is Voluntary Exchange? A) Sellers are forced to sell goods for a cheap price and can't make a profit. B) The exchange of profits between countries. C) The exchange of goods between countries. D) Trading or selling goods or services freely based on the price you want. Show Answer Correct Answer: D) Trading or selling goods or services freely based on the price you want. 13. Which of these is NOT a monetary incentive? A) Rebate. B) Coupon. C) Sales tax. D) Discount. Show Answer Correct Answer: C) Sales tax. 14. Economic incentives usually involve ..... A) Jobs. B) Money. C) Laws. D) Bills. Show Answer Correct Answer: B) Money. 15. What is a profit? A) The amount of change you get after a purchase. B) The amount of money you make after you work. C) The amount of money you make after expense. D) The amount of money you spend at the store. Show Answer Correct Answer: C) The amount of money you make after expense. 16. Autonomy, reward orientation, consideration to employees etc refers to ..... A) Organisational climate. B) Promotion. C) Transfer. D) None of the above. Show Answer Correct Answer: A) Organisational climate. 17. ..... is the chance that something could go wrong. A) Incentive. B) Risk. C) Profit. D) Opportunity Cost. Show Answer Correct Answer: B) Risk. 18. CSI is earned on.. A) Verified Customer Sales. B) Personal Points + Verified Customer Sales. C) Customer Sales. D) Team Pointa. Show Answer Correct Answer: A) Verified Customer Sales. 19. It refers to all measures which are used to motivate people to improve performance A) (c) Incentives. B) (b) Motivation. C) (d) Communication. D) , (a) Leadership. Show Answer Correct Answer: A) (c) Incentives. 20. In PAR product WPC >=1 Lac-<2.5 Lac is A) 80%. B) 110%. C) 100%. D) 120%. Show Answer Correct Answer: B) 110%. 21. Brandi purchased a new fax machine. The regular price was $ 329. The manufacturer offered a 15% rebate off the regular price of the fax machine. How much was the fax machine after the rebate was applied? A) $ 289.65. B) $ 279.60. C) $ 279.65. D) $ 27.965. Show Answer Correct Answer: C) $ 279.65. 22. A pair of jeans costs $ 34.00. You have a coupon for 30% off the regular price. What is the new price of the jeans after you use your coupon? A) $ 10.20. B) $ 23.80. C) $ 31.00. D) $ 44.20. Show Answer Correct Answer: B) $ 23.80. 23. Blake sells flowers for $ 10 plus $ 7.95 shipping and handling fee.GW sells flowers for $ 25 with a 50% off promotion plus a $ 2.95 shipping and handling fee.Who offers a better deal? A) Blake. B) GW. C) They are both equal. D) None of above. Show Answer Correct Answer: B) GW. 24. Which one is NOT a scarce resource? A) Doctors. B) Garbage. C) Gold. D) Clean air. Show Answer Correct Answer: B) Garbage. 25. Any reward or benefit that motivates people to do something. A) Money. B) Incentive. C) Financial gain. D) Bonus. Show Answer Correct Answer: B) Incentive. 26. Production incentive for Protection plan if >=75% Monthly plan achieved is A) 5%. B) 10%. C) 4%. D) 6%. Show Answer Correct Answer: B) 10%. 27. Who created Facebook? A) JK Rowling. B) Mark Zuckerberg. C) Elon Musk. D) Walt Disney. Show Answer Correct Answer: B) Mark Zuckerberg. 28. Review:Vickie makes $ 40, 000 annually. If she pays 20% in income tax, what is the amount of income tax she will pay? A) 1200. B) 8000. C) 80000. D) 2000. Show Answer Correct Answer: B) 8000. 29. Which of these is NOT a positive incentive that would make someone want to move to a new place? A) Better jobs. B) A healthy climate. C) The promise of owning land. D) High crime rate. Show Answer Correct Answer: D) High crime rate. 30. What is ..... The amount that is deducted from the price of an item. A) Coupon. B) Rebate. C) Sale Price. D) Discount. Show Answer Correct Answer: D) Discount. ← PreviousNext →Related QuizzesIncentives QuizzesEconomics QuizzesIncentives Quiz 1Incentives Quiz 2Incentives Quiz 4Incentives Quiz 5Incentives Quiz 6Incentives Quiz 7 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books