This quiz works best with JavaScript enabled. Home > Economics > Incentives > General > Incentives – Quiz 5 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Incentives Quiz 5 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Which "G" of Exploration is described below?"Nationalism and desire for gold pushed people to want fame and power for their homeland." A) God. B) Glory. C) Gold. D) None of above. Show Answer Correct Answer: B) Glory. 2. How to Calculate CSI? A) (10%-Sales Commission%) * DAP. B) (10%-Sales Commission%) * NSV. C) (Sales Commission%-10%) * NSV. D) (Sales Commission%-10%) * DAP. Show Answer Correct Answer: B) (10%-Sales Commission%) * NSV. 3. What drives businesses towards action that increases wealth? A) Satisfies employees. B) Profit. C) Market share. D) Shareholder satisfaction. Show Answer Correct Answer: B) Profit. 4. How was Christianity a motivator during the Age of Exploration? A) Desert traders spread Islam along trade routes. B) New ideas spread down the Silk Road. C) Missionaries spread Buddhism into China. D) Missionaries spread Christianity to the natives of the New World. Show Answer Correct Answer: D) Missionaries spread Christianity to the natives of the New World. 5. What affects people's choices and behavior in predictable ways? A) Consumer sovereignty. B) Specialization. C) Incentives. D) Competition. Show Answer Correct Answer: C) Incentives. 6. Financial reasons, such as sales, rebates, and coupons, to buy a particular item. A) Tax refund. B) Liabilities. C) Monetary incentives. D) When the cashier makes a mistake in your favor. Show Answer Correct Answer: C) Monetary incentives. 7. Paul's aunt gives him a birthday gift of $ 700 in cash. Paul deposits the money into an account that earns simple interest at a rate of 4%. Paul makes no withdrawals. How much interest has his account earned after 7 years? A) $ 196.00. B) $ 19, 600. C) $ 7.00. D) $ 4, 900. Show Answer Correct Answer: A) $ 196.00. 8. What is the final price after a $ 10 coupon on a $ 50.00 dinner plus 8% tax? A) $ 35.24. B) $ 46.20. C) $ 43.20. D) $ 42.00. Show Answer Correct Answer: C) $ 43.20. 9. In the PACED Decision-Making Process, you evaluate alternatives based upon what? A) Money available. B) Criteria identified. C) Peer pressure. D) Needs and wants. Show Answer Correct Answer: B) Criteria identified. 10. ..... study of production, employment, prices, and policies (will unemployment rise if there is an increase in taxes) A) Macroeconomics. B) Microeconomics. C) Opportunity Cost. D) None of above. Show Answer Correct Answer: A) Macroeconomics. 11. A good breakfast on the day of the test might be: A) Doritoes. B) Energy drinks. C) Candy. D) Eggs, cereal, or a bagel. Show Answer Correct Answer: D) Eggs, cereal, or a bagel. 12. Last weekend, Emily and Cassandra went to Chili's to eat dinner. Their bill was $ 50.45. Cassandra had a $ 10 off coupon. How much was their total after the coupon was applied? A) $ 30.45. B) $ 42.45. C) $ 50.45. D) $ 40.45. Show Answer Correct Answer: D) $ 40.45. 13. A pair of jeans costs $ 34.00. You have a coupon for 30% off the regular price. How much money will you save if you use the coupon? A) $ 44.20. B) $ 23.80. C) $ 31.00. D) $ 10.20. Show Answer Correct Answer: D) $ 10.20. 14. Love is an example of what type of incentive? A) Non-monetary. B) Tangible. C) Monetary. D) Personal. Show Answer Correct Answer: A) Non-monetary. 15. An economic system answers three questions about goods and services. Which of the following option is NOT one of these questions? A) Where to produce?. B) What to produce?. C) Who receives the products?. D) How to produce?. Show Answer Correct Answer: A) Where to produce?. 16. Which "G" of Exploration is described below?"Explorers wanted to spread Christianity to the 'New World.' " A) God. B) Glory. C) Gold. D) None of above. Show Answer Correct Answer: A) God. 17. Andee goes to an Italian deli that is selling sandwiches at 25% 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) $ 7.96. B) $ 8.22. C) $ 5.96. D) $ 5.22. Show Answer Correct Answer: D) $ 5.22. 18. For multiple choice questions, I should ..... A) Choose the first answer that sounds right to me. B) Read all the answer choices before picking one. C) Say "eeny meeny miney moe" to pick an answer. D) Ask my friend to help me. Show Answer Correct Answer: B) Read all the answer choices before picking one. 19. Which step in the PACED Decision-Making Process are you using when you list what you want to accomplish? A) Evaluate the alternative. B) Make a decision. C) Identify the criteria. D) Identify the problem. Show Answer Correct Answer: A) Evaluate the alternative. 20. The amount of a good or service producers are willing and able to sell at a certain price is called- A) Scarcity. B) Supply. C) Demand. D) Price. Show Answer Correct Answer: B) Supply. 21. What is the eligibility criteria for Bronze Builder Incentive A) Be within the 12-month Bronze Foundation Incentive period. B) You should be Gold Producer or below since Sept 2014. C) Have Maximum 3 legs at minimum 6%. D) You should be below Silver Producer since Sept 2014. Show Answer Correct Answer: A) Be within the 12-month Bronze Foundation Incentive period. 22. Of the following countries which was the first to participate in the exploration? A) England. B) Spain. C) Portugal. D) France. Show Answer Correct Answer: C) Portugal. 23. What does an incentive make you do? A) It makes you act or respond in a certain way. B) It makes you cry. C) It makes you laugh. D) It makes you want to spend money. Show Answer Correct Answer: A) It makes you act or respond in a certain way. 24. BFI is awarded upon achieving A) Atleast 9% with minimum 3 teams at minimum 3%. B) Atleast 9% with maximum 3 teams at 3%. C) Atleast 12% with minimum 3 teams at minimum 3%. D) Atleast 6% with minimum 3 teams at minimum 3%. Show Answer Correct Answer: A) Atleast 9% with minimum 3 teams at minimum 3%. 25. Pick out the odd one:Pension, gratuity, dearness allowance, provident fund A) Dearness allowance. B) Pension. C) Gratuity. D) Provident fund. Show Answer Correct Answer: A) Dearness allowance. 26. One meter is equal to about 1.09 yards. About how many meters are in 100 yards? Round to the nearest meter. A) 920 meters. B) 9.17 meters. C) 91.7 meters. D) 92 meters. Show Answer Correct Answer: D) 92 meters. 27. In ULIP, WPC >=75K-<2.5 Lac is A) 70%. B) 90%. C) 100%. D) 50%. Show Answer Correct Answer: B) 90%. 28. ..... is the basic incentive for every employee to work efficiently for an organization. A) Salary. B) Bonuses. C) Basic payment. D) Allowances. Show Answer Correct Answer: A) Salary. 29. What is the final price if you have a 40% off coupon on an $ 88.00 handbag? A) $ 45.20. B) $ 52.80. C) $ 52.20. D) $ 35.20. Show Answer Correct Answer: B) $ 52.80. 30. What is ..... The cost of an item after the discount has been applied. A) Coupon. B) Rebate. C) Sale Price. D) Discount. Show Answer Correct Answer: C) Sale Price. ← PreviousNext →Related QuizzesIncentives QuizzesEconomics QuizzesIncentives Quiz 1Incentives Quiz 2Incentives Quiz 3Incentives Quiz 4Incentives Quiz 6Incentives Quiz 7 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books